Second-Floor Office
For Sale
$335,000
3017 Piedmont Rd NE Unit 200, Atlanta, GA 30305
Private offices, reception, conference space, and restrooms support a range of professional workplace configurations.
Property Size1,416 SF
Price / SF$236.58
Days on Market45
Property Features for 3017 Piedmont Rd NE Unit 200
General Information
Standard status
Active
Size
1,416 SF
Zoning
RLCC
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
2
Building Details
Year Built
1981
Construction
brick
Listing Agency:
Direct Link Realty, Inc
(404) 239-7512
Listed By:
RICHARD REID · License #275749
Source:
Shortsaleatlanta
Added: Jul 20
Changed: Aug 31
Last Checked: Sep 1 at 10:26PM
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 Direct Link Realty, Inc
Investment Insights
Based on property information with market context.
This 1,416-square-foot office unit occupies the second floor of a brick-front professional building constructed in 1981. The suite includes a reception area, multiple private offices, conference space, and restrooms, with natural light throughout. Its layout provides dedicated areas for client meetings and individual work within a single commercial suite.
The property is located at 3017 Piedmont Rd NE Unit 200 in Atlanta, GA 30305, within the Buckhead commercial district and an office park just off Piedmont Road. Access to GA-400 and I-85 supports connectivity across the area, while Lenox Square, dining, shopping, and other amenities are nearby. The unit is zoned RLCC, and water, electricity, phone, and cable are available.
The property is located at 3017 Piedmont Rd NE Unit 200 in Atlanta, GA 30305, within the Buckhead commercial district and an office park just off Piedmont Road. Access to GA-400 and I-85 supports connectivity across the area, while Lenox Square, dining, shopping, and other amenities are nearby. The unit is zoned RLCC, and water, electricity, phone, and cable are available.
Key Highlights
- 1,416‑square‑foot second‑floor office unit at 3017 Piedmont Rd NE Unit 200
- Reception area, multiple private offices, conference space, and restrooms
- Natural light throughout the office 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
5.66%
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%
$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 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.8K
$346.4K – $461.8K
NOI $27,708 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
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Frequently Asked Questions
What type of property is this?
Office units - Private offices, reception, conference space, and restrooms support a range of professional workplace configurations.
Where is this office units located?
The property is located at 3017 Piedmont Rd NE Unit 200 Atlanta, GA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,416‑square‑foot second‑floor office unit at 3017 Piedmont Rd NE Unit 200; Reception area, multiple private offices, conference space, and restrooms; Natural light throughout the office suite
