Vinings Corner Office
For Sale
$313,465
3621 Vinings Slope Southeast Suite 4410, Atlanta, GA 30339
Office suite in desirable Vinings neighborhood, walking distance to amenities.
Property Size883 SF
Price / SF$355
Days on Market171
Property Features for 3621 Vinings Slope Southeast Suite 4410
General Information
Standard status
Active
Size
883 SF
Property subtype
Office Suite
Building Details
Year Built
2008
Listing Agency:
(404) 812-4014
Listed By:
David Dixon
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 24 at 3:57AM
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 David Dixon
Investment Insights
Based on property information with market context.
Located in the heart of Vinings, this corner office suite offers a functional layout suitable for various professional uses. The 883 square foot space features a flexible floor plan that can accommodate a reception area or additional desks. The suite includes two offices, or one office and a conference room, along with a private kitchenette. The property is situated on the 4th floor of the building. Some furniture is included with the purchase. The location provides convenient access to nearby dining and shopping options. The building also includes a coffee shop and dry cleaner.
Key Highlights
- Prime Vinings Location: In the heart of a highly desirable Vinings neighborhood.
- Walking Distance to Amenities: Conveniently located near dining and shopping.
- Functional Office Space: Includes 2 offices (or 1 office and conference room), private kitchenette, and open reception area.
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
$11,824
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
3.77%
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%
$236,480
$236.5K
Cap Rate 7%
$168,914
$168.9K
Cap Rate 9%
$131,378
$131.4K
Market Conditions
NOI Build-Up for 883 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
$21.1K $23.87/SF
− Vacancy
−$5.3K −$6.02/SF
EGI
$15.8K $17.85/SF
− OpEx
−$3.9K −$4.46/SF
NOI
$11.8K $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%
$236,480
Cap Rate 7%
$168,914
Cap Rate 9%
$131,378
Alternative Uses
Best Use
Office B
$168.9K
$147.8K – $197.1K
NOI $11,824 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.8K
$216.0K – $288.0K
NOI $17,278 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 30339, GA
31,490
Population
21,303
Households
1.5
Avg Household Size
35
Median Age
71%
College-Educated
99%
High-School Grad
9.9 sq mi
ZIP Area
3,181
Density / Sq Mi
$101,049
Median Household Income
$66,949
Median Earnings
$1,820
Median Rent
$437,300
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 - Office suite in desirable Vinings neighborhood, walking distance to amenities.
Where is this office units located?
The property is located at 3621 Vinings Slope Southeast Suite 4410 Atlanta, GA.
What is the asking price?
The asking price for this property is $313,465.
What are key features of this property?
This property features: Prime Vinings Location: In the heart of a highly desirable Vinings neighborhood.; Walking Distance to Amenities: Conveniently located near dining and shopping.; Functional Office Space: Includes 2 offices (or 1 office and conference room), private kitchenette, and open reception area.
