Two-Suite Retail
For Sale
Contact for pricing
2796 East Point St., East Point, GA 30344
Two occupied suites support ongoing retail use with month-to-month tenancy and flexible future leasing options.
Property Size2,800 SF
Price / SF$169.64
Days on Market11
Property Features for 2796 East Point St.
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail, Office
Zoning
CR
Occupancy
100%
Investment Type
Value Add
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Year Built
1935
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Oakhurst Realty Partners LLC
(404) 371-4422
Listed By:
Steve Wohl · License #434195
Source:
Crexi
Added: Aug 10
Changed: Aug 18
Last Checked: Aug 19 at 7:16AM
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 Oakhurst Realty Partners LLC
Investment Insights
Based on property information with market context.
Built in 1935, this 2,800-square-foot storefront property contains two occupied retail suites. Both spaces are leased month to month, allowing continued operations while preserving flexibility for future leasing decisions. Current occupants include a hair braiding studio and an organic restaurant that has operated for over 30 years.
The property occupies a corner position at East Point Street and White Way, with frontage on both streets. Its setting in Downtown East Point places it within walking distance of restaurants and neighborhood amenities, with nearby access to City Hall and MARTA. The property is also close to Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport, the Fort McPherson redevelopment, and major interstate access. Zoning is CR.
The property occupies a corner position at East Point Street and White Way, with frontage on both streets. Its setting in Downtown East Point places it within walking distance of restaurants and neighborhood amenities, with nearby access to City Hall and MARTA. The property is also close to Downtown Atlanta, Hartsfield-Jackson Atlanta International Airport, the Fort McPherson redevelopment, and major interstate access. Zoning is CR.
Key Highlights
- 2,800‑square‑foot storefront property built in 1935
- Two occupied retail suites with month‑to‑month leases
- Current uses include a hair braiding studio and organic restaurant
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
$35,939
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
7.57%
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%
$718,780
$718.8K
Cap Rate 7%
$513,414
$513.4K
Cap Rate 9%
$399,322
$399.3K
Market Conditions
NOI Build-Up for 2,800 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
$53.8K $19.20/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$51.3K $18.34/SF
− OpEx
−$15.4K −$5.50/SF
NOI
$35.9K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
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%
$718,780
Cap Rate 7%
$513,414
Cap Rate 9%
$399,322
Alternative Uses
Best Use
Specialty Retail
$642.8K
$562.5K – $750.0K
NOI $44,997 @ 7.0% cap · market cap 9.47%
Second Best
Retail
$513.4K
$449.2K – $599.0K
NOI $35,939 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Balanced
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Two occupied suites support ongoing retail use with month-to-month tenancy and flexible future leasing options.
Where is this storefront property located?
The property is located at 2796 East Point St. East Point, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,800‑square‑foot storefront property built in 1935; Two occupied retail suites with month‑to‑month leases; Current uses include a hair braiding studio and organic restaurant
