Second-Floor Office Condo
For Sale
$340,000
3017 Piedmont Road NE, Atlanta, GA 30305
Commercial Sale, Atlanta, GA
Property Size1,416 SF
Price / SF$240.11
Days on Market435
Property Features for 3017 Piedmont Road NE
General Information
Property type
Residential
Property subtype
Office
Zoning
RLCC
Parking features
Parking Lot
Interior features
Reception Area, Restrooms
Lot features
Business Park
View
City
Directions
gps
Standard status
Active
APN
17 004600140160
Size
1,416 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4525
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Carpet, Hardwood
Building materials
Brick Front
Roof type
Asphalt
Listing Agency:
Direct Link Realty, Inc
(404) 238-7999
Listed By:
RICHARD REID · License #275749
(404) 239-7512
Added: Jun 16, 2025
Changed: Aug 19
Last Checked: Aug 24 at 3:06PM
MLS# 7594890
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Own your workspace in this second-floor office condo with 1,416 square feet of office space inside a well-maintained brick-front building. The suite features a welcoming reception area, multiple private offices, conference space, and restrooms, with carpet and hardwood flooring throughout. Central heating and central air provide year-round comfort, and the building has an asphalt roof. Parking is provided via a parking lot, supporting convenient arrival for staff and clients.
The property is zoned RLCC and located within a professional office park just off Piedmont Road in Buckhead. It is positioned for easy access to GA-400 and I-85, with Lenox Square nearby. Utilities including water, electricity, phone, and cable are available, including cable availability.
Built in 1981, this office condo is designed for day-to-day use by client-facing professionals and teams needing dedicated office space.
The property is zoned RLCC and located within a professional office park just off Piedmont Road in Buckhead. It is positioned for easy access to GA-400 and I-85, with Lenox Square nearby. Utilities including water, electricity, phone, and cable are available, including cable availability.
Built in 1981, this office condo is designed for day-to-day use by client-facing professionals and teams needing dedicated office space.
Key Highlights
- Second‑floor office condo with 1,416 SF of office space
- Reception area plus multiple private offices and conference space
- Restrooms in the suite
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
$18,962
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
5.58%
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%
$379,240
$379.2K
Cap Rate 7%
$270,886
$270.9K
Cap Rate 9%
$210,689
$210.7K
Market Conditions
NOI Build-Up for 1,416 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
$33.8K $23.87/SF
− Vacancy
−$8.5K −$6.02/SF
EGI
$25.3K $17.85/SF
− OpEx
−$6.3K −$4.46/SF
NOI
$19.0K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$379,240
Cap Rate 7%
$270,886
Cap Rate 9%
$210,689
Alternative Uses
Best Use
Office B
$270.9K
$237.0K – $316.0K
NOI $18,962 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.8K
$346.4K – $461.8K
NOI $27,708 @ 7.0% cap · market cap 8.15%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 30305, GA
29,173
Population
17,272
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
4,488
Density / Sq Mi
$107,836
Median Household Income
$83,332
Median Earnings
$1,914
Median Rent
$703,500
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 1,416 SF second-floor office condo in a brick-front building with reception, private offices, conference space, and restrooms.
Where is this office units located?
The property is located at 3017 Piedmont Road NE Atlanta, GA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Second‑floor office condo with 1,416 SF of office space; Reception area plus multiple private offices and conference space; Restrooms in the suite
