Well-Maintained Office Building with Two
For Sale
$350,000
5480 Old National Highway, Atlanta, GA 30349
Commercial Sale, Atlanta, GA
Property Size1,969 SF
Lot Size0.37 Acres
Price / SF$177.76
Days on Market175
Property Features for 5480 Old National Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot, Level, Near Public Transit
Directions
Use GPS
Standard status
Active
APN
13 009300010208
Size
1,969 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
5739
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Building materials
Brick, Stucco
Roof type
Composition
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Johnishia L Jones
(678) 249-4189
Added: Mar 1
Changed: Aug 19
Last Checked: Aug 23 at 12:06PM
MLS# 10704273
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
5480 Old National Highway is a well-maintained office building offering 1,969 square feet of versatile space on a 0.374-acre lot. Built in 2005, the building features two baths and a flexible layout designed to support a variety of business uses for an owner-occupant or investor.
The exterior construction is brick and stucco, under a composition roof. The property includes a parking lot and is served by public water and public sewer. Heating is provided by electric heating with central heat pump, and cooling includes electric central air. Cable is available, supporting modern office connectivity.
With its 2005 construction and practical on-site parking, the property is positioned for businesses seeking an established, serviced office environment on a manageable parcel size.
The exterior construction is brick and stucco, under a composition roof. The property includes a parking lot and is served by public water and public sewer. Heating is provided by electric heating with central heat pump, and cooling includes electric central air. Cable is available, supporting modern office connectivity.
With its 2005 construction and practical on-site parking, the property is positioned for businesses seeking an established, serviced office environment on a manageable parcel size.
Key Highlights
- 1,969 SF office building on a 0.374‑acre lot
- Built in 2005 with brick and stucco construction
- Two baths
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 - Well-maintained office building with two baths, brick and stucco construction, and on-site parking lot.
Where is this office building located?
The property is located at 5480 Old National Highway 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 SF office building on a 0.374‑acre lot; Built in 2005 with brick and stucco construction; Two baths
