Masonry Flex
For Sale
$1,000,000
2987 Buford Hwy NE, Atlanta, GA 30329
Vacant commercial property with light-industrial zoning and prominent exposure along Buford Highway.
Property Size4,080 SF
Price / SF$250
Days on Market193
Property Features for 2987 Buford Hwy NE
General Information
Standard status
Active
Size
4,080 SF
Class
C
Property subtype
Industrial
Zoning
Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,080 SF
Year Built
1954
Buildings
1
Construction
masonry
Listing Agency:
Widespread Commercial Group
(404) 465-3345
Listed By:
Daniel Glusman · License #361412
(404) 465-3345
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 6:46PM
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 Widespread Commercial Group
Investment Insights
Based on property information with market context.
This vacant flex property includes an approximately 4,000-square-foot masonry building constructed in 1954. The asset is zoned for light industrial use and may accommodate retail, service, or light industrial activity as supported by the property information.
The building sits along Buford Highway near N. Druid Hills Road and backs up to the Peachtree Creek Greenway, providing views of the trail corridor. The property is also near the Northbend mixed-use development, identified as a 30-acre project with a stated $605 million investment. The billboard is excluded from the sale.
The building sits along Buford Highway near N. Druid Hills Road and backs up to the Peachtree Creek Greenway, providing views of the trail corridor. The property is also near the Northbend mixed-use development, identified as a 30-acre project with a stated $605 million investment. The billboard is excluded from the sale.
Key Highlights
- Approximately 4,000 SF masonry building
- Light‑industrial zoning supports commercial use
- Constructed in 1954
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
$46,620
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
4.66%
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%
$932,400
$932.4K
Cap Rate 7%
$666,000
$666.0K
Cap Rate 9%
$518,000
$518.0K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$5.4K −$1.35/SF
EGI
$66.6K $16.65/SF
− OpEx
−$20.0K −$5.00/SF
NOI
$46.6K $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%
$932,400
Cap Rate 7%
$666,000
Cap Rate 9%
$518,000
Alternative Uses
Best Use
Retail
$666.0K
$582.8K – $777.0K
NOI $46,620 @ 7.0% cap · market cap 4.66%
Second Best
Flex RnD
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 7.83%
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
2,419
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30329, GA
29,506
Population
14,157
Households
2.1
Avg Household Size
31
Median Age
60%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
5,365
Density / Sq Mi
$70,968
Median Household Income
$43,647
Median Earnings
$1,748
Median Rent
$483,700
Median Home Value
Market
Vacancy Rate% for Industrial in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial property with light-industrial zoning and prominent exposure along Buford Highway.
Where is this flex space located?
The property is located at 2987 Buford Hwy NE Atlanta, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 4,000 SF masonry building; Light‑industrial zoning supports commercial use; Constructed in 1954
