Two-Story Office
For Sale
Contact for pricing
4 LENOX POINTE NE, Atlanta, GA 30324
Townhouse-style professional property with a vacant lower suite and an occupied upper suite for flexible ownership.
Property Size2,960 SF
Price / SF$302.36
Days on Market117
Property Features for 4 LENOX POINTE NE
General Information
Standard status
Active
Size
2,960 SF
Class
B
Property subtype
Office
Zoning
OI
Occupancy
50%
Lease Type
Modified Gross
Net Operating Income
$36,000
Additional Details
Gross Income
$36,000
Office Units
2
Amenities
shared lobby entrance
kitchen/break room
Building Details
Year Built
1985
Year Renovated
2020
Buildings
1
Stories
1
Units
10
Tenancy
Multi
Building Size
2,960 SF
Owner Occupied
Yes
Listing Agency:
Graham & Arthur, LLC
Listed By:
David Mauer · License #GA 395860
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Aug 30 at 1:36PM
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 Graham & Arthur, LLC
Investment Insights
Based on property information with market context.
This 2,960-square-foot office property was built in 1985 and is arranged across two levels with an additional walk-up attic. The 1,480 SF lower floor will be vacant at closing and includes four private offices, an open work area, a conference or executive office, three restrooms, and a kitchen or break room. A shared lobby serves both floors.
The 1,480 SF upper floor is occupied by Girardot & LaRose, PC, on a month-to-month basis. Its layout provides four private offices, a large conference room, an open reception and work area, and two restrooms. The configuration supports separate occupancy while allowing an owner-user to consider future expansion into the upper level. The property is located at 4 Lenox Pointe NE in Atlanta and is zoned OI.
The 1,480 SF upper floor is occupied by Girardot & LaRose, PC, on a month-to-month basis. Its layout provides four private offices, a large conference room, an open reception and work area, and two restrooms. The configuration supports separate occupancy while allowing an owner-user to consider future expansion into the upper level. The property is located at 4 Lenox Pointe NE in Atlanta and is zoned OI.
Key Highlights
- 2,960 SF office building arranged over two floors with a bonus walk‑up attic
- 1,480 SF lower level delivered vacant at closing
- Lower suite includes four private offices, open work area, conference/executive office, and three restrooms
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
$39,638
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
4.43%
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%
$792,760
$792.8K
Cap Rate 7%
$566,257
$566.3K
Cap Rate 9%
$440,422
$440.4K
Market Conditions
NOI Build-Up for 2,960 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
$70.7K $23.87/SF
− Vacancy
−$17.8K −$6.02/SF
EGI
$52.9K $17.85/SF
− OpEx
−$13.2K −$4.46/SF
NOI
$39.6K $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%
$792,760
Cap Rate 7%
$566,257
Cap Rate 9%
$440,422
Alternative Uses
Best Use
Office B
$566.3K
$495.5K – $660.6K
NOI $39,638 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.4K
$724.0K – $965.3K
NOI $57,920 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,839
Businesses Nearby
Explore this area
Business Placement
Demographics for 30324, GA
30,942
Population
18,232
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
5,838
Density / Sq Mi
$93,815
Median Household Income
$70,026
Median Earnings
$1,759
Median Rent
$505,300
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 building - Townhouse-style professional property with a vacant lower suite and an occupied upper suite for flexible ownership.
Where is this office building located?
The property is located at 4 LENOX POINTE NE Atlanta, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,960 SF office building arranged over two floors with a bonus walk‑up attic; 1,480 SF lower level delivered vacant at closing; Lower suite includes four private offices, open work area, conference/executive office, and three restrooms
