Office Space For
For Sale
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381 Venable St NW, Atlanta, GA 30313
4,500 SqFt office space available for purchase.
Property Size4,500 SF
Price / SF$244.44
Days on Market211
Property Features for 381 Venable St NW
General Information
Standard status
Active
Size
4,500 SF
Class
C
Property subtype
Office
Zoning
C3
Building Details
Year Built
1964
Listing Agency:
CRESA Houston
Listed By:
Hugh Rader · License #GA
Source:
Crexi
Added: Mar 14
Changed: Oct 8
Last Checked: Oct 9 at 6:45PM
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 CRESA Houston
Investment Insights
Based on property information with market context.
This is a 4,500 square foot office space available for sale.
Key Highlights
- Office Space available
- 4,500 SqFt of space
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,260
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,200
$1.2M
Cap Rate 7%
$860,857
$860.9K
Cap Rate 9%
$669,556
$669.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$107.4K $23.87/SF
− Vacancy
−$27.1K −$6.02/SF
EGI
$80.3K $17.85/SF
− OpEx
−$20.1K −$4.46/SF
NOI
$60.3K $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 Rate 5%
$1,205,200
Cap Rate 7%
$860,857
Cap Rate 9%
$669,556
Alternative Uses
Best Use
Office B
$860.9K
$753.3K – $1.00M
NOI $60,260 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,055 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 30313, GA
9,788
Population
3,604
Households
2.7
Avg Household Size
26
Median Age
55%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
8,157
Density / Sq Mi
$79,068
Median Household Income
$33,832
Median Earnings
$1,696
Median Rent
$365,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - 4,500 SqFt office space available for purchase.
Where is this office units located?
The property is located at 381 Venable St NW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office Space available; 4,500 SqFt of space; Built in 1964
