Retail Storefront with Avenue
For Sale
$975,000
Pending
450 Flat Shoals Avenue, Atlanta, GA 30316
Retail storefront for sale with prominent Flat Shoals Avenue frontage in East Atlanta Village.
Property Size2,500 SF
Lot Size0.21 Acres
Days on Market87
Property Features for 450 Flat Shoals Avenue
General Information
Standard status
Pending
Size
2,500 SF
Lot size
0.21 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,917
Amenities
Central Air
3
Parking.
Paved Driveway, Lot.
9147.599609375
Building Details
Year Built
1955
Listing Agency:
CBC Metro Brokers
(678) 320-4800
Listed By:
Noland Dickey
(678) 320-4800
Source:
Xome
Added: May 15
Changed: Aug 8
Last Checked: Aug 8 at 3:15AM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
This for-sale retail storefront is positioned in East Atlanta Village and offers approximately 2,500 square feet on a 0.21-acre site with prominent frontage along Flat Shoals Avenue.
The property is described as benefiting from strong pedestrian activity and excellent visibility in a walkable commercial district. It is surrounded by a mix of restaurants, retailers, entertainment venues, and residential development, with convenient access to Downtown Atlanta and Interstate 20.
The surrounding intown neighborhoods mentioned in the listing include Reynoldstown, Kirkwood, Grant Park, and Decatur, supporting a retail-focused environment for both owner-users and investors seeking a storefront in an active neighborhood business area.
The property is described as benefiting from strong pedestrian activity and excellent visibility in a walkable commercial district. It is surrounded by a mix of restaurants, retailers, entertainment venues, and residential development, with convenient access to Downtown Atlanta and Interstate 20.
The surrounding intown neighborhoods mentioned in the listing include Reynoldstown, Kirkwood, Grant Park, and Decatur, supporting a retail-focused environment for both owner-users and investors seeking a storefront in an active neighborhood business area.
Key Highlights
- Approximately 2,500 SF commercial space for sale with retail storefront on Flat Shoals Avenue
- 0.21‑acre lot with prominent frontage along Flat Shoals Avenue
- Central air cooling
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
$29,137
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
2.99%
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%
$582,740
$582.7K
Cap Rate 7%
$416,243
$416.2K
Cap Rate 9%
$323,744
$323.7K
Market Conditions
NOI Build-Up for 2,500 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
$45.0K $18.00/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$41.6K $16.65/SF
− OpEx
−$12.5K −$5.00/SF
NOI
$29.1K $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%
$582,740
Cap Rate 7%
$416,243
Cap Rate 9%
$323,744
Alternative Uses
Best Use
Retail
$416.2K
$364.2K – $485.6K
NOI $29,137 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$698.8K
$611.5K – $815.3K
NOI $48,919 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30316, GA
33,625
Population
18,095
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
92%
High-School Grad
13.0 sq mi
ZIP Area
2,587
Density / Sq Mi
$96,491
Median Household Income
$61,116
Median Earnings
$1,570
Median Rent
$401,800
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?
Storefront property - Retail storefront for sale with prominent Flat Shoals Avenue frontage in East Atlanta Village.
Where is this storefront property located?
The property is located at 450 Flat Shoals Avenue Atlanta, GA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approximately 2,500 SF commercial space for sale with retail storefront on Flat Shoals Avenue; 0.21‑acre lot with prominent frontage along Flat Shoals Avenue; Central air cooling
