Historic Mixed-Use
For Sale
$350,000
2741 Church Street, Atlanta, GA 30344
Commercial Sale, Atlanta, GA
Property Size1,684 SF
Lot Size0.18 Acres
Price / SF$207.84
Days on Market86
Property Features for 2741 Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Parking features
Parking Lot
Security features
Security
Fencing
Fenced
Lot features
City Lot
Directions
USE GPS
Standard status
Active
APN
14 015700020042
Size
1,684 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1826
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Building materials
Brick
Roof type
Composition
Listing Agency:
Atlanta Communities
(770) 240-2005
Listed By:
Elizabeth Marcelline · License #382492
(678) 536-3833
Added: May 30
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 10775075
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1930, this 1,684-square-foot mixed-use building occupies a 0.176-acre site and combines an adaptable interior with original architectural details. Exposed brick walls and decorative fireplaces provide character, while updated plumbing and electrical systems support current commercial planning. The open arrangement includes two bathrooms and can be configured for office, service, wellness, or creative uses.
A private parking lot is positioned at the rear, with fencing around the property. The building has central heating and central air, a composition roof, public water, public sewer, and cable availability. Brick is the primary construction material, offering a durable foundation for repositioning the space to meet a new user's requirements.
A private parking lot is positioned at the rear, with fencing around the property. The building has central heating and central air, a composition roof, public water, public sewer, and cable availability. Brick is the primary construction material, offering a durable foundation for repositioning the space to meet a new user's requirements.
Key Highlights
- 1,684‑square‑foot mixed‑use building on a 0.176‑acre site
- Originally built in 1930 with exposed brick walls and decorative fireplaces
- Updated plumbing and electrical systems
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
Mixed Use
$292.3K
$255.8K – $341.0K
NOI $20,461 @ 7.0% cap · market cap 5.85%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction, two bathrooms, central HVAC, and rear parking support a flexible commercial layout.
Where is this mixed-use property 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‑square‑foot mixed‑use building on a 0.176‑acre site; Originally built in 1930 with exposed brick walls and decorative fireplaces; Updated plumbing and electrical systems
