Office Building with Billboard
For Sale
$1,200,000
2915 Alston Drive, Atlanta, GA 30317
Property includes long-term tenant occupancy plus an income-producing billboard on-site.
Property Size4,864 SF
Price / SF$246.71
Days on Market239
Property Features for 2915 Alston Drive
General Information
Standard status
Active
Size
4,864 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$954
Amenities
Central Air
3
Other
Parking. Corner Lot.
5 Parking Spaces. Lot.
0.0
Billboard. Corner.
Building Details
Year Built
1932
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 331-6132
Listed By:
Kyera Perry · License #360547
(770) 331-6132
Source:
Xome
Added: Jan 3
Changed: Aug 25
Last Checked: Aug 30 at 1:47PM
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
This office property is offered for sale with existing long-term tenants and an on-site income-producing billboard. The assemblage includes this site being sold in conjunction with 301 Candler Rd, creating an expanded package for buyers looking to secure multiple parcels.
Located at 2915 Alston Drive SE in Atlanta, the property is described as having high visibility, strong road frontage, and steady traffic counts. The surrounding area is noted as undergoing ongoing redevelopment, with access to major interstates and proximity to Downtown Atlanta and East Lake.
For buyers seeking a commercial asset with current income from both tenant occupancy and billboard revenue, the combined offering with 301 Candler Rd provides additional scale within the same corridor.
Located at 2915 Alston Drive SE in Atlanta, the property is described as having high visibility, strong road frontage, and steady traffic counts. The surrounding area is noted as undergoing ongoing redevelopment, with access to major interstates and proximity to Downtown Atlanta and East Lake.
For buyers seeking a commercial asset with current income from both tenant occupancy and billboard revenue, the combined offering with 301 Candler Rd provides additional scale within the same corridor.
Key Highlights
- Year built: 1932 commercial property with existing long‑term tenant occupancy
- On‑site income‑producing billboard provides additional revenue stream
- Property is being sold in conjunction with 301 Candler Rd to form a larger assemblage
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
$65,134
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
5.43%
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%
$1,302,680
$1.3M
Cap Rate 7%
$930,486
$930.5K
Cap Rate 9%
$723,711
$723.7K
Market Conditions
NOI Build-Up for 4,864 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
$116.1K $23.87/SF
− Vacancy
−$29.3K −$6.02/SF
EGI
$86.8K $17.85/SF
− OpEx
−$21.7K −$4.46/SF
NOI
$65.1K $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%
$1,302,680
Cap Rate 7%
$930,486
Cap Rate 9%
$723,711
Alternative Uses
Best Use
Office B
$930.5K
$814.2K – $1.09M
NOI $65,134 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,177 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 30317, GA
13,774
Population
7,220
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
3,935
Density / Sq Mi
$105,190
Median Household Income
$64,968
Median Earnings
$1,619
Median Rent
$510,600
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?
Office units - Property includes long-term tenant occupancy plus an income-producing billboard on-site.
Where is this office units located?
The property is located at 2915 Alston Drive Atlanta, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Year built: 1932 commercial property with existing long‑term tenant occupancy; On‑site income‑producing billboard provides additional revenue stream; Property is being sold in conjunction with 301 Candler Rd to form a larger assemblage
