Building Details

Year Built 1999

Buildings 1

Stories 1

Listing Agency: Acme Property Group

Listed By: Zach Rogers · License #GA 359958 Show Phone

Source: Crexi

Added: Feb 8, 2023 Changed: Oct 19 Last Checked: Oct 20 at 5:30PM

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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 Acme Property Group

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Investment Insights

Based on property information with market context.

This brick office building, situated in a high-traffic area just north of Atlanta, offers 5445 square feet of space, including a main level and a full, unfinished basement, on a 1.098-acre lot. The property features 13 regular parking spaces and 2 handicap spaces, providing flexibility for various business needs, including medical, office, or church use. The main level, spanning over 3774 square feet, includes 9 large offices, a conference room, a server/utility room, a separate kitchen area, and a large open flex space at the rear. Its location offers quick access to several major roadways, making it suitable for established businesses looking to expand or relocate, as well as startups. The property has undergone recent updates, including the installation of 3 new HVAC units in 2021 and a new roof in 2018. The property is being refreshed with summer cleaning, new light bulbs, and new ceiling tiles.

Key Highlights

• High‑traffic location just north of Atlanta with quick access to major roadways.
• Large 5445 sq ft office building on 1.098 acres, suitable for various uses.
• Main level features 9 large offices, conference room, kitchen, server room, and open flex space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,914

Cap Rate

4.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,458,280 $1.5M

Cap Rate 7%

$1,041,629 $1.0M

Cap Rate 9%

$810,156 $810.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,445 SF

Gross rent

$130.0K $23.87/SF

− Vacancy

−$32.8K −$6.02/SF

EGI

$97.2K $17.85/SF

− OpEx

−$24.3K −$4.46/SF

NOI

$72.9K $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%

$1,458,280

Cap Rate 7%

$1,041,629

Cap Rate 9%

$810,156

Alternative Uses

Best Use

Office B

$1.04M

$911.4K – $1.22M (±1% cap)

NOI $72,914 @ 7.0% cap · market cap 4.42%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.52M

$1.33M – $1.78M (±1% cap)

NOI $106,546 @ 7.0% cap · market cap 6.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Seco International LLC Physician

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Building Supply Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,495

Businesses Nearby

Explore this area Business Placement

Demographics for 30338, GA

37,650

Population

17,591

Households

2.1

Avg Household Size

38

Median Age

76%

College-Educated

98%

High-School Grad

9.9 sq mi

ZIP Area

3,803

Density / Sq Mi

$122,931

Median Household Income

$83,788

Median Earnings

$1,812

Median Rent

$592,600

Median Home Value

Market

Vacancy Rate% for Office in Atlanta, GA

17.9% 2019

20.4% 2020

22.2% 2021

22.4% 2022

23.8% 2023

25.2% 2024

25% 2025

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Frequently Asked Questions

What type of property is this?

Office building - 5445 SF brick office building in high-traffic Atlanta area.

Where is this office building located?

The property is located at 4661 N Shallowford Rd Atlanta, GA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: High‑traffic location just north of Atlanta with quick access to major roadways.; Large 5445 sq ft office building on 1.098 acres, suitable for various uses.; Main level features **9 large offices, conference room, kitchen, server room, and open flex space.**