Freestanding Grocery
For Sale
Under Contract
$799,000
3296 Northcrest Road, Atlanta, GA 30340
Commercial Sale, Atlanta, GA
Property Size2,304 SF
Lot Size0.34 Acres
Price / SF$346.79
Days on Market147
Property Features for 3296 Northcrest Road
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-1
Parking
10
Parking features
Parking Lot
Security features
Security
Window features
Display Window(s), Shutters
Interior features
High Ceilings 10 or Greater, Restrooms
Fencing
Fenced, Chain Link, Barbed Wire
Lot features
Level
View
City
Directions
Going North on I-85, take Exit 94 toward Chamblee-Tucker Rd/Mercer University, merge onto I-85 Access Rd/I-85 Frontage Rd, turn right onto Chamblee-Tucker Rd, then left onto Northcrest Rd. Property is on the left.
Standard status
Active Under Contract
APN
18 293 02 011
Size
2,304 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4346
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Brick 4 Sides
Listing Agency:
Adams Realtors
(404) 688-1222
Listed By:
Silas Adams · License ##430547
(404) 317-3789
Added: Apr 22
Changed: Sep 13
Last Checked: Sep 15 at 11:06AM
MLS# 7757886
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.
This freestanding 2,304-square-foot commercial building sits on 0.34 acres and was built in 1981. The property has brick construction, concrete flooring, ceilings measuring 10 feet or more, restrooms, central heating and cooling, and a parking lot. Chain-link and barbed-wire fencing enclose the site. Public water and public sewer serve the property, with natural gas available.
The address is in DeKalb County within a residential trade area containing 10,148 residents within 1 mile and average household incomes above $122,000. Chamblee-Tucker Road, I-85, and I-285 provide access to the greater Atlanta area. C-1 zoning supports the property’s commercial positioning, with the source information identifying medical, dental, retail, and office users as potential fits.
The address is in DeKalb County within a residential trade area containing 10,148 residents within 1 mile and average household incomes above $122,000. Chamblee-Tucker Road, I-85, and I-285 provide access to the greater Atlanta area. C-1 zoning supports the property’s commercial positioning, with the source information identifying medical, dental, retail, and office users as potential fits.
Key Highlights
- 2,304 SF freestanding commercial building on 0.34 acres
- C‑1 zoning in DeKalb County
- 10,148 residents within 1 mile; average household incomes exceed $122,000
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
$31,187
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
3.90%
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%
$623,740
$623.7K
Cap Rate 7%
$445,529
$445.5K
Cap Rate 9%
$346,522
$346.5K
Market Conditions
NOI Build-Up for 2,304 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
$44.2K $19.20/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$41.6K $18.05/SF
− OpEx
−$10.4K −$4.51/SF
NOI
$31.2K $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%
$623,740
Cap Rate 7%
$445,529
Cap Rate 9%
$346,522
Alternative Uses
Best Use
Specialty Retail
$445.5K
$389.8K – $519.8K
NOI $31,187 @ 7.0% cap · market cap 3.90%
Second Best
Retail
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$644.1K
$563.6K – $751.4K
NOI $45,084 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30340, GA
30,529
Population
11,829
Households
2.6
Avg Household Size
33
Median Age
35%
College-Educated
76%
High-School Grad
8.2 sq mi
ZIP Area
3,723
Density / Sq Mi
$57,216
Median Household Income
$36,450
Median Earnings
$1,529
Median Rent
$312,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - C-1-zoned commercial property with a parking lot, public utilities, and access to major regional routes.
Where is this grocery and convenience store located?
The property is located at 3296 Northcrest Road Atlanta, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,304 SF freestanding commercial building on 0.34 acres; C‑1 zoning in DeKalb County; 10,148 residents within 1 mile; average household incomes exceed $122,000
