Freestanding Grocery Store
New
For Sale
$799,000
Pending
3296 Northcrest Road Atlanta, Atlanta, GA 30340
C-1-zoned commercial property with regional access and multiple documented commercial use possibilities.
Property Size2,304 SF
Lot Size0.34 Acres
Days on Market6
Property Features for 3296 Northcrest Road Atlanta
General Information
Standard status
Pending
Size
2,304 SF
Total Parking Spaces
10
Lot size
0.34 Acres
Zoning
C-1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,346
Amenities
Concrete
true
Display Window(s)
Public Records
Square Feet
Chain Link,Fenced
Level
Public
Delivery Door
14810.4
10
0.34
Total Road Frontage Length: 100
Paved,Parking Lot
Other
2304
1
Building Details
Building Size
2,304 SF
Year Built
1981
Buildings
1
Listing Agency:
Adams Realtors
(706) 480-5310
Listed By:
Melissa NeSmith · License ##430547
(706) 480-5310
Source:
Thesoldsquad
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 23 at 6:37AM
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 Adams Realtors
Investment Insights
Based on property information with market context.
This freestanding commercial building contains 2,304 SF on a 0.34-acre site in DeKalb County. The property is zoned C-1 and is identified as suitable for medical, dental, retail, or office users, offering a compact format for several commercial applications.
Access to Chamblee-Tucker Road, I-85, and I-285 connects the site with surrounding Atlanta-area markets. The property is situated within a dense residential trade area, with 10,148 residents located within 1 mile. Its infill setting provides a small-format commercial building in an established area with limited competing inventory.
Access to Chamblee-Tucker Road, I-85, and I-285 connects the site with surrounding Atlanta-area markets. The property is situated within a dense residential trade area, with 10,148 residents located within 1 mile. Its infill setting provides a small-format commercial building in an established area with limited competing inventory.
Key Highlights
- 2,304 SF freestanding commercial building
- 0.34‑acre site in DeKalb County
- C‑1 zoning
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
Property Profile
Current Use
Lease Details
Yes
Highway 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
Market
Vacancy Rate% for Retail 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?
Grocery and convenience store - C-1-zoned commercial property with regional access and multiple documented commercial use possibilities.
Where is this grocery and convenience store located?
The property is located at 3296 Northcrest Road Atlanta 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; 0.34‑acre site in DeKalb County; C‑1 zoning
