Historic Mixed-Use Office
For Sale
$350,000
Pending
2741 Church Street, Atlanta, GA 30344
Historic 1930 building with an open-plan interior and rear parking for convenient client and staff access.
Property Size1,684 SF
Days on Market74
Property Features for 2741 Church Street
General Information
Standard status
Pending
Size
1,684 SF
Total Parking Spaces
6
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$1,826
Amenities
Central Air
Central
Dirt Floor, Unfinished
Wood
Concrete Perimeter
One
Reception Area, Restrooms
Fenced
Asphalt
No
Fire Alarm, Security Service
3
City Street
Brick, Brick 4 Sides
Building Details
Year Built
1930
Listing Agency:
Atlanta Communities
(678) 536-3833
Listed By:
Elizabeth Marcelline · License #382492
(678) 536-3833
Source:
Compass
Added: May 30
Changed: Aug 8
Last Checked: Aug 8 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Communities
Investment Insights
Based on property information with market context.
Built in 1930, this historic mixed-use office building offers 1,684 square feet of flexible, open-concept space. The interior retains original exposed brick walls and decorative fireplaces, and it’s supported by updated plumbing and electrical systems. Two bathrooms are already in place, making the space workable for a range of service and professional uses.
Located at 2741 Church Street in downtown East Point, the property sits directly behind City Hall. The setting is designed for walkability, with nearby restaurants, shops, and local amenities within reach, supporting businesses that rely on frequent customer visits.
The layout is a strong fit for tenants or buyers seeking adaptable space for a yoga or wellness studio, creative workspace, service-based operation, or professional office. With existing restrooms and the option to reconfigure the open area to match operational needs, the property can serve as a practical starting point for a custom buildout. The rear private parking lot provides convenient on-site parking for clients and staff, supporting day-to-day operations.
Located at 2741 Church Street in downtown East Point, the property sits directly behind City Hall. The setting is designed for walkability, with nearby restaurants, shops, and local amenities within reach, supporting businesses that rely on frequent customer visits.
The layout is a strong fit for tenants or buyers seeking adaptable space for a yoga or wellness studio, creative workspace, service-based operation, or professional office. With existing restrooms and the option to reconfigure the open area to match operational needs, the property can serve as a practical starting point for a custom buildout. The rear private parking lot provides convenient on-site parking for clients and staff, supporting day-to-day operations.
Key Highlights
- 1,684‑SF mixed‑use property built in 1930 with original exposed brick walls and decorative fireplaces
- Open‑concept interior with reception area and restrooms, plus 2 bathrooms already in place
- Updated plumbing and electrical systems, with central heat and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,020
$451.0K
Cap Rate 7%
$322,157
$322.2K
Cap Rate 9%
$250,567
$250.6K
Market Conditions
NOI Build-Up for 1,684 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.2K $23.87/SF
− Vacancy
−$10.1K −$6.02/SF
EGI
$30.1K $17.85/SF
− OpEx
−$7.5K −$4.46/SF
NOI
$22.6K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,020
Cap Rate 7%
$322,157
Cap Rate 9%
$250,567
Alternative Uses
Best Use
Office B
$322.2K
$281.9K – $375.9K
NOI $22,551 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Historic 1930 building with an open-plan interior and rear parking for convenient client and staff access.
Where is this creative space located?
The property is located at 2741 Church Street Atlanta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,684‑SF mixed‑use property built in 1930 with original exposed brick walls and decorative fireplaces; Open‑concept interior with reception area and restrooms, plus 2 bathrooms already in place; Updated plumbing and electrical systems, with central heat and central air
