Atlanta Retail Opportunity For
For Sale
Contact for pricing
Pending
4255 Shirley Dr, Atlanta, GA 30336
1,700 SF retail building in prime Atlanta location.
Property Size1,700 SF
Days on Market181
Property Features for 4255 Shirley Dr
General Information
Standard status
Pending
Size
1,700 SF
Class
D
Property subtype
Industrial, Retail
Zoning
M1
Investment Type
Value Add
Building Details
Year Built
1986
Buildings
1
Stories
1
Units
1
Listing Agency:
BellStreet
Listed By:
Joseph Benes · License #397503
Source:
Crexi
Added: Feb 23
Changed: Aug 11
Last Checked: Aug 22 at 6:01AM
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 BellStreet
Investment Insights
Based on property information with market context.
Located in Atlanta, GA, this property presents an opportunity for retail and free-standing building investors. The 1,700 SF building is suitable for establishing a retail or restaurant presence. Constructed in 1986, the property is zoned M2, offering flexibility for various retail and commercial uses. The property is located directly across from the Fulton County Improvement Project at the previous OYO Hotel. This location in Atlanta may appeal to investors looking to capitalize on the city's commercial environment.
Key Highlights
- Prime location directly across from the Fulton County Improvement Project.
- 1,700 SF building ideal for retail/restaurant use.
- Zoned M2, offering flexibility for various retail and commercial applications.
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
$19,814
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
4.26%
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%
$396,280
$396.3K
Cap Rate 7%
$283,057
$283.1K
Cap Rate 9%
$220,156
$220.2K
Market Conditions
NOI Build-Up for 1,700 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
$30.6K $18.00/SF
− Vacancy
−$2.3K −$1.35/SF
EGI
$28.3K $16.65/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$19.8K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$396,280
Cap Rate 7%
$283,057
Cap Rate 9%
$220,156
Alternative Uses
Best Use
Retail
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,265 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Starship
Shops & Services
2,431 visits/mo
0.2 miles
U-Haul
Shops & Services
2,293 visits/mo
0.3 miles
Valero Energy
Shops & Services
1,735 visits/mo
0.2 miles
Demographics for 30336, GA
1,338
Population
299
Households
4.5
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
10.2 sq mi
ZIP Area
131
Density / Sq Mi
$53,367
Median Household Income
$53,707
Median Earnings
$1,443
Median Rent
$344,200
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 1,700 SF retail building in prime Atlanta location.
Where is this retail space located?
The property is located at 4255 Shirley Dr Atlanta, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime location directly across from the Fulton County Improvement Project.; 1,700 SF building ideal for retail/restaurant use.; Zoned M2, offering flexibility for various retail and commercial applications.
