Brick Retail Space with
For Sale
$1,200,000
2915 Alston Drive SE, Atlanta, GA 30317
COMMERCIAL - Atlanta, GA
Property Size4,864 SF
Price / SF$246.71
Days on Market116
Property Features for 2915 Alston Drive SE
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
5
Parking features
Parking Lot
Lot features
Corner Lot
Directions
GPS
Standard status
Active
APN
15 182 01 107
Size
4,864 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
954
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1932
Building materials
Brick
Listing Agency:
Keller Williams Realty Atl. Partners
(678) 252-1900
Listed By:
Kyera Perry
(770) 331-6132
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 16 at 8:06AM
MLS# 10739776
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.
This 4,864-square-foot retail property at 2915 Alston Drive SE features brick construction, central heating, central air, and an on-site parking lot. Built in 1932, the building is occupied by long-term tenants and includes an income-producing billboard. Public water and public sewer serve the property.
The Atlanta, Georgia location offers road frontage and is positioned near major interstate routes, Downtown Atlanta, and East Lake. The property is being offered in conjunction with 301 Candler Rd, creating an opportunity to evaluate the parcels together as an assemblage.
The Atlanta, Georgia location offers road frontage and is positioned near major interstate routes, Downtown Atlanta, and East Lake. The property is being offered in conjunction with 301 Candler Rd, creating an opportunity to evaluate the parcels together as an assemblage.
Key Highlights
- 4,864‑square‑foot retail property
- Brick construction completed in 1932
- Occupied by long‑term tenants
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
$56,690
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
4.72%
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%
$1,133,800
$1.1M
Cap Rate 7%
$809,857
$809.9K
Cap Rate 9%
$629,889
$629.9K
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
$87.6K $18.00/SF
− Vacancy
−$6.6K −$1.35/SF
EGI
$81.0K $16.65/SF
− OpEx
−$24.3K −$5.00/SF
NOI
$56.7K $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%
$1,133,800
Cap Rate 7%
$809,857
Cap Rate 9%
$629,889
Alternative Uses
Best Use
Retail
$809.9K
$708.6K – $944.8K
NOI $56,690 @ 7.0% cap · market cap 4.72%
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
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
540
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 Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Occupied retail property with an income-producing billboard, parking lot, and central heating and cooling.
Where is this retail space located?
The property is located at 2915 Alston Drive 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: 4,864‑square‑foot retail property; Brick construction completed in 1932; Occupied by long‑term tenants
