Office Building with Billboard
For Sale
$1,200,000
2915 Alston Dr SE, Atlanta, GA 30317
Property includes long-term tenant occupancy plus an income-producing billboard on-site.
Property Size4,861 SF
Price / SF$246.86
Days on Market177
Property Features for 2915 Alston Dr SE
General Information
Standard status
Active
Size
4,861 SF
Site & Location
Neighborhood
East Lake
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1932
Listing Agency:
Keller Williams Realty Atl Partners
Listed By:
Kyera Perry, ERIC RENDER
(770) 331-6132
Source:
Shortsaleatlanta
Added: May 8
Changed: Oct 25
Last Checked: Oct 7 at 2:47PM
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
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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 / Yr
$65,094
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,880
$1.3M
Cap Rate 7%
$929,914
$929.9K
Cap Rate 9%
$723,267
$723.3K
Market Conditions
NOI Build-Up for 4,861 SF
Gross rent
$116.0K $23.87/SF
− Vacancy
−$29.2K −$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 Rate 5%
$1,301,880
Cap Rate 7%
$929,914
Cap Rate 9%
$723,267
Alternative Uses
Best Use
Office B
$929.9K
$813.7K – $1.08M
NOI $65,094 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,118 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Office unit - Property includes long-term tenant occupancy plus an income-producing billboard on-site.
Where is this office unit located?
The property is located at 2915 Alston Dr SE 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
