Office Building with Two
For Sale
$350,000
5480 Old National Hwy, Atlanta, GA 30349
Built in 2005, this commercial property offers adaptable space for an owner-occupant or investor.
Property Size1,969 SF
Price / SF$177.76
Days on Market175
Property Features for 5480 Old National Hwy
General Information
Standard status
Active
Size
1,969 SF
Taxes and HOA fees
Annual Taxes
$5,739
Building Details
Year Built
2005
Buildings
1
Building Size
1,969 SF
Listing Agency:
HomeSmart
(678) 249-4189
Listed By:
Johnishia L Jones
(678) 249-4189
Source:
Exprealty
Added: Mar 1
Changed: Aug 20
Last Checked: Aug 23 at 4:59AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This office building contains 1,969 square feet of commercial space and was constructed in 2005. The layout is adaptable for different business operations, with two bathrooms and finished interior areas suited to client and staff use.
Located at 5480 Old National Hwy in Atlanta, Georgia, the property offers a commercial address along Old National Highway. Its configuration supports consideration by an owner-occupant or investor seeking an office asset with an established building and flexible space.
Located at 5480 Old National Hwy in Atlanta, Georgia, the property offers a commercial address along Old National Highway. Its configuration supports consideration by an owner-occupant or investor seeking an office asset with an established building and flexible space.
Key Highlights
- 1,969 square feet of commercial space
- Built in 2005
- Two bathrooms
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
$26,378
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
7.54%
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%
$527,560
$527.6K
Cap Rate 7%
$376,829
$376.8K
Cap Rate 9%
$293,089
$293.1K
Market Conditions
NOI Build-Up for 1,969 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
$47.0K $23.88/SF
− Vacancy
−$11.8K −$6.02/SF
EGI
$35.2K $17.86/SF
− OpEx
−$8.8K −$4.47/SF
NOI
$26.4K $13.40/SF
Area
ZIP 30349
Vacancy
25.20%
Lease Rate
$23.88 /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%
$527,560
Cap Rate 7%
$376,829
Cap Rate 9%
$293,089
Alternative Uses
Best Use
Office B
$376.8K
$329.7K – $439.6K
NOI $26,378 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,703 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
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 - Built in 2005, this commercial property offers adaptable space for an owner-occupant or investor.
Where is this office building located?
The property is located at 5480 Old National Hwy Atlanta, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,969 square feet of commercial space; Built in 2005; Two bathrooms
