Office Building with Billboard
2915 Alston Drive SE Atlanta, GA 30317
2915 Alston Drive SE, Atlanta, GA, 30317
Contact for pricing
For Sale
Contact for pricing
Property includes long-term tenant occupancy plus an income-producing billboard on-site.
Property Size4,861 SF
Price / SF$246.86
Days on Market92
Property Features for 2915 Alston Drive SE
General Information
- Standard status
- Active
- Size
- 4,861 SF
- Property subtype
- Office, Business for Sale
Building Details
- Year Built
- 1932
Listing agency
Keller Williams Realty Atlanta Partners
(678) 489-1149
Listed by
Eric Render · License #360547
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 9:22AM Checked: Jul 22 at 9:22AM
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 Atlanta 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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.0k | $23.87 |
| − Vacancy | −$29.2k | −$6.02 |
| EGI | $86.8k | $17.85 |
| − OpEx | −$21.7k | −$4.46 |
| NOI | $65.1k | $13.39 |
4,861 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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 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
