Building Details

Year built 1932

Building materials Brick

Listing Agency: Keller Williams Realty Atl. Partners t***@kw.com Show Phone

Listed By: Kyera Perry Show Phone

Added: Apr 23 Changed: Aug 19 Last Checked: Oct 7 at 8:06AM

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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 storefront property was built in 1932 with brick construction and is configured for commercial occupancy. Central heating and central air conditioning support the building, while a parking lot provides on-site parking. Public water and public sewer serve the property.

The site includes an income-producing billboard and is occupied by tenants. The offering is being presented in conjunction with 301 Candler Rd, creating an assemblage involving multiple parcels. The property is located at 2915 Alston Drive SE in Atlanta, Georgia, within DeKalb County.

Key Highlights

• 4,864‑square‑foot storefront property
• Built in 1932 with brick construction
• Income‑producing billboard on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,690

Cap Rate

4.72%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $95,177 @ 7.0% cap · market cap 7.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Skin Care Clinic Parking Lot & Garage Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

518

Businesses Nearby

Under-served

Demand for This Use

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

6.7% 2019

6.6% 2020

5.5% 2021

4.4% 2022

4.1% 2023

4.4% 2024

5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Brick commercial space with central heating and air conditioning, public utilities, and an on-site parking lot.

Where is this storefront property 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 storefront property; Built in 1932 with brick construction; Income‑producing billboard on site