Standalone Office
5424 Glenridge Drive, Atlanta, GA 30342
For Sale
Contact for pricing
An existing medical layout combines laboratory, R&D, conference, and private office areas.
Property Size19,484 SF
Lot Size0.93 Acres
Price / SF$251.49
Days on Market15
Property Features for 5424 Glenridge Drive
General Information
Standard status
Size
Total Parking Spaces
Elevators
Lot size
Property subtype
Additional Details
Condition
Highway Access
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Newmark - Atlanta - 3455 Peachtree Road
Listed By:
Casey Keitchen · License #335088
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
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 Newmark - Atlanta - 3455 Peachtree Road
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story standalone office property contains 19,484 square feet on a 0.93-acre site. Its existing medical configuration includes laboratory and R&D areas, conference space, and private offices. An elevator and backup generator serve the building, with the generator providing redundant power. Parking includes 10 secured covered stalls and 22 surface spaces.
At 5424 Glenridge Drive in Atlanta, the property is within 2 minutes of I-285 and GA 400.
At 5424 Glenridge Drive in Atlanta, the property is within 2 minutes of I-285 and GA 400.
Key Highlights
- 19,484‑square‑foot, two‑story standalone office building
- Existing medical buildout with laboratory, R&D, conference, and private office areas
- 0.93‑acre site at 5424 Glenridge Drive in Atlanta
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,912
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,218,240
$5.2M
Cap Rate 7%
$3,727,314
$3.7M
Cap Rate 9%
$2,899,022
$2.9M
Market Conditions
NOI Build-Up for 19,484 SF
Gross rent
$465.1K $23.87/SF
− Vacancy
−$117.2K −$6.02/SF
EGI
$347.9K $17.85/SF
− OpEx
−$87.0K −$4.46/SF
NOI
$260.9K $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%
$5,218,240
Cap Rate 7%
$3,727,314
Cap Rate 9%
$2,899,022
Alternative Uses
Best Use
Office B
$3.73M
$3.26M – $4.35M
NOI $260,912 @ 7.0% cap · market cap 5.32%
Second Best
Healthcare Medical
$3.69M
$3.23M – $4.30M
NOI $258,124 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$5.45M
$4.77M – $6.35M
NOI $381,257 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 30342, GA
32,494
Population
16,147
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
96%
High-School Grad
9.0 sq mi
ZIP Area
3,610
Density / Sq Mi
$117,865
Median Household Income
$72,125
Median Earnings
$1,810
Median Rent
$804,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Atlanta, GA
Properties on Market for Office buildings in Atlanta
Vacancy Rate% for Office in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Office building - An existing medical layout combines laboratory, R&D, conference, and private office areas.
Where is this office building located?
The property is located at 5424 Glenridge Drive Atlanta, GA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 19,484‑square‑foot, two‑story standalone office building; Existing medical buildout with laboratory, R&D, conference, and private office areas; 0.93‑acre site at 5424 Glenridge Drive in Atlanta
