Retail-Warehouse Building on Church
For Sale
$1,335,600
2834 Church St, Atlanta, GA 30344
7,406 SF retail-warehouse building centrally located in East Point.
Property Size7,406 SF
Price / SF$180.34
Days on Market172
Property Features for 2834 Church St
General Information
Standard status
Active
Size
7,406 SF
Property subtype
Retail
Building Details
Year Built
1950
Listing Agency:
(678) 320-4800
Listed By:
Ben Choi
(678) 320-4800
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
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 Ben Choi
Investment Insights
Based on property information with market context.
This is a brick retail-warehouse building with approximately 7,406 square feet. It directly fronts Church Street and is centrally located within the city limits of East Point. The property is situated 0.2 miles from both the East Point Police Station and City Hall, as well as 0.2 miles from the East Point MARTA station. Access to key thoroughfares is convenient, including Interstates I-85, I-75, I-20, and I-285. The location is 2.2 miles from Tyler Perry Studios and 4.1 miles from Hartsfield-Jackson Atlanta International Airport. It is also 2.1 miles from I-85 at Exit 76, Cleveland Ave, East Point.
Key Highlights
- Directly fronts Church Street in central East Point location.
- Approximately 7,406 ± SF brick retail‑warehouse building.
- Proximity to East Point MARTA station (0.2 ± miles).
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
$86,317
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
6.46%
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%
$1,726,340
$1.7M
Cap Rate 7%
$1,233,100
$1.2M
Cap Rate 9%
$959,078
$959.1K
Market Conditions
NOI Build-Up for 7,406 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
$133.3K $18.00/SF
− Vacancy
−$10.0K −$1.35/SF
EGI
$123.3K $16.65/SF
− OpEx
−$37.0K −$5.00/SF
NOI
$86.3K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /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%
$1,726,340
Cap Rate 7%
$1,233,100
Cap Rate 9%
$959,078
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,317 @ 7.0% cap · market cap 6.46%
Second Best
Warehouse
$741.8K
$649.1K – $865.5K
NOI $51,928 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,918 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
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 Industrial in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 7,406 SF retail-warehouse building centrally located in East Point.
Where is this retail space located?
The property is located at 2834 Church St Atlanta, GA.
What is the asking price?
The asking price for this property is $1,335,600.
What are key features of this property?
This property features: Directly fronts Church Street in central East Point location.; Approximately **7,406 ± SF brick retail‑warehouse building.**; Proximity to East Point MARTA station (0.2 ± miles).
