Sweet Auburn Historic District
For Sale
$825,000
314 Auburn Ave NE, Atlanta, GA 30303
Two-story, multi-use property in revitalized, high-traffic location.
Property Size2,800 SF
Price / SF$294.64
Days on Market201
Property Features for 314 Auburn Ave NE
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Building Details
Building Size
2,800 SF
Stories
2
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Michael Wess, CCIM
Source:
Bullrealty
Added: Jan 27
Changed: Aug 14
Last Checked: Aug 16 at 4:59AM
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 Bull Realty
Investment Insights
Based on property information with market context.
Located in Atlanta’s historic Sweet Auburn district, the property at 314 Auburn Ave NE offers approximately 2,800 square feet of space across two floors. The building, recently operated as an event space and bar, could be easily adapted for such use or converted into a restaurant, retail space, or boutique office. The property is situated two blocks from Edgewood Avenue’s I-85 access, which sees 339,000 vehicles per day, and has Atlanta Streetcar access directly in front. This high-visibility property is located in a walkable, revitalized corridor near major landmarks, making it suitable for investors or operators seeking strong exposure and steady foot traffic. The property features excellent street-level visibility with frontage on Auburn Avenue, a flexible interior layout, and good curb appeal among a strip of revitalized buildings. It also includes two separate utility meters, creating the potential for two tenants.
Key Highlights
- High‑visibility location in Atlanta's historic Sweet Auburn district with Atlanta Streetcar access directly in front of the property.
- ±2,800 SF of flexible space** suitable for event space, bar, restaurant, retail, or boutique office use.
- Excellent street‑level visibility and frontage on Auburn Ave in a revitalized corridor.
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
$37,901
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
4.59%
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%
$758,020
$758.0K
Cap Rate 7%
$541,443
$541.4K
Cap Rate 9%
$421,122
$421.1K
Market Conditions
NOI Build-Up for 2,800 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
$53.8K $19.20/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$50.5K $18.05/SF
− OpEx
−$12.6K −$4.51/SF
NOI
$37.9K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$758,020
Cap Rate 7%
$541,443
Cap Rate 9%
$421,122
Alternative Uses
Best Use
Specialty Retail
$541.4K
$473.8K – $631.7K
NOI $37,901 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,793
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30303, GA
9,352
Population
1,625
Households
5.8
Avg Household Size
25
Median Age
25%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
9,352
Density / Sq Mi
$9,322
Median Earnings
$1,705
Median Rent
$250,200
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?
Bar & Pub - Two-story, multi-use property in revitalized, high-traffic location.
Where is this bar & pub located?
The property is located at 314 Auburn Ave NE Atlanta, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: High‑visibility location in Atlanta's historic Sweet Auburn district with Atlanta Streetcar access directly in front of the property.; ±2,800 SF of flexible space** suitable for event space, bar, restaurant, retail, or boutique office use.; Excellent street‑level visibility and frontage on Auburn Ave in a revitalized corridor.
