10-Unit Office
550 Fairburn Rd SW, Atlanta, GA 30331
For Sale
New
$1,200,000
The low-rise office property carries O-I-C zoning and is arranged as a condominium association.
Property Size6,215 SF
Days on Market2
Property Features for 550 Fairburn Rd SW
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Additional Details
Office Units
Property Use
Building Details
Building Size
Year Built
Listing Agency:
CBC Metro Brokers
Listed By:
Kimberly Aaron · License #175837
(678) 598-2467
Source:
Cbcworldwide
Added: Nov 8
Last Checked: Nov 8 at 5:17PM
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
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Investment Insights
Based on property information with market context.
Located at 550 Fairburn Rd SW in Atlanta, this 1987-built office property is a low-rise complex with 10 condominium units. The asset is classified as Class C office space and is zoned O-I-C.
Key Highlights
- 10 condominium office units
- Low‑rise office property built in 1987
- Class C office classification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,226
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,520
$1.7M
Cap Rate 7%
$1,188,943
$1.2M
Cap Rate 9%
$924,733
$924.7K
Market Conditions
NOI Build-Up for 6,215 SF
Gross rent
$148.4K $23.87/SF
− Vacancy
−$37.4K −$6.02/SF
EGI
$111.0K $17.85/SF
− OpEx
−$27.7K −$4.46/SF
NOI
$83.2K $13.39/SF
Area
ZIP 30331
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%
$1,664,520
Cap Rate 7%
$1,188,943
Cap Rate 9%
$924,733
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,226 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,613 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
10
Office units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 30331, GA
60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Atlanta, GA
Properties on Market for Office Units in Atlanta
Vacancy Rate% for Office in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Office unit - The low-rise office property carries O-I-C zoning and is arranged as a condominium association.
Where is this office unit located?
The property is located at 550 Fairburn Rd SW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10 condominium office units; Low‑rise office property built in 1987; Class C office classification
