Listing Agency: Keller Knapp w***@kellerknapp.com Show Phone

Listed By: Darren Comer · License #355866 Show Phone

Source: Exprealty

Added: Oct 9, 2025 Changed: Oct 3 Last Checked: Oct 7 at 4:42PM

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Investment Insights

Based on property information with market context.

This 2,800-square-foot flex property combines office, retail, and warehouse utility within an adaptable commercial layout. The mezzanine adds a live-work configuration with a kitchen and full bathroom, while I2 heavy industrial zoning supports a broad range of permitted uses.

Building updates include a TPO roof installed in 2021 and HVAC replacement completed in 2016. The property is located near the Works at Chattahoochee mixed-use development in Atlanta’s West Midtown market.

Key Highlights

• 2,800 SF flex property with office, retail, and warehouse utility
• I2 (Heavy Industrial) zoning
• Mezzanine with kitchen and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,383

Cap Rate

5.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$787,660 $787.7K

Cap Rate 7%

$562,614 $562.6K

Cap Rate 9%

$437,589 $437.6K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$61.5K $21.96/SF

− Vacancy

−$5.2K −$1.87/SF

EGI

$56.3K $20.09/SF

− OpEx

−$16.9K −$6.03/SF

NOI

$39.4K $14.07/SF

Area

ZIP 30318

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$787,660

Cap Rate 7%

$562,614

Cap Rate 9%

$437,589

Alternative Uses

Best Use

Retail

$562.6K

$492.3K – $656.4K (±1% cap)

NOI $39,383 @ 7.0% cap · market cap 5.25%

Second Best

Office B

$535.6K

$468.7K – $624.9K (±1% cap)

NOI $37,495 @ 7.0% cap · market cap 5.00%

Theoretical Best

Office A

$782.7K

$684.9K – $913.2K (±1% cap)

NOI $54,790 @ 7.0% cap · market cap 7.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Electrical Service Parking Lot & Garage Garden Center Accounting Firm Law Firm

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

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,397

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30318, GA

60,392

Population

29,993

Households

2

Avg Household Size

31

Median Age

54%

College-Educated

92%

High-School Grad

20.3 sq mi

ZIP Area

2,975

Density / Sq Mi

$79,222

Median Household Income

$53,455

Median Earnings

$1,702

Median Rent

$395,100

Median Home Value

Market

Vacancy Rate% for Office in Atlanta, GA

17.9% 2019

20.4% 2020

22.2% 2021

22.4% 2022

23.8% 2023

25.2% 2024

25% 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 flex space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• District Events & Catering — 1500 Southland Cir NW, Atlanta, GA 30318
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Frequently Asked Questions

What type of property is this?

Flex space - I2-zoned flex property includes a mezzanine with kitchen and full bathroom.

Where is this flex space located?

The property is located at 3-1422 Woodmont Ln Nw Atlanta, GA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 2,800 SF flex property with office, retail, and warehouse utility; I2 (Heavy Industrial) zoning; Mezzanine with kitchen and full bathroom