Office Building with Outdoor
550 Pharr Rd NE Atlanta, GA 30305
550 Pharr Rd NE, Atlanta, GA, 30305
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For Sale
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Architecturally distinctive office building offering multiple outdoor amenity spaces, including two 7th-floor terraces and expansive patios.
Property Size103,859 SF
Price / SF$154.06
Days on Market92
Property Features for 550 Pharr Rd NE
General Information
- Standard status
- Active
- Size
- 103,859 SF
- Property subtype
- Office
Building Details
- Year Built
- 1974
Listing agency
Bull Realty
(404) 876-1640
Listed by
Michael Bull · License #GA 432977
Source
Crexi
Added: Apr 21 Updated: Jul 20 at 7:56PM Checked: Jul 20 at 7:56PM
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 Bull Realty
Investment Insights
Based on property information with market context.
550 Pharr is an architecturally distinctive office building featuring multiple outdoor amenity areas and tenant-facing outdoor space. The property includes an on-site restaurant and a fitness center tenant, along with several outdoor settings designed for events, entertaining, and tenant use. Exterior offerings include two large 7th-floor outdoor spaces, two expansive first-floor patios, and a penthouse concept with wraparound outdoor space and private balconies for most suites. The 9th-floor penthouse suite includes a full 360-degree wraparound outdoor terrace.
The building is well located in Buckhead between Piedmont Road and Peachtree Street, with walkability to dining, retail, entertainment, parks, and residential options. It also provides immediate access to GA 400 and I-85 for regional connectivity.
The lobby, restrooms, and most suites are in great condition, supporting a straightforward repositioning approach focused on activating the outdoor amenities.
The building is well located in Buckhead between Piedmont Road and Peachtree Street, with walkability to dining, retail, entertainment, parks, and residential options. It also provides immediate access to GA 400 and I-85 for regional connectivity.
The lobby, restrooms, and most suites are in great condition, supporting a straightforward repositioning approach focused on activating the outdoor amenities.
Key Highlights
- 1974‑built architecturally distinctive office building in Buckhead between Piedmont Rd and Peachtree St
- Multiple outdoor amenity spaces, including two large 7th‑floor outdoor spaces and two expansive first‑floor patios
- Penthouse level features wraparound outdoor space and private balconies for most suites
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.99M | $19.20 |
| − Vacancy | −$119.6k | −$1.15 |
| EGI | $1.87M | $18.05 |
| − OpEx | −$468.6k | −$4.51 |
| NOI | $1.41M | $13.54 |
103,859 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$20.08M
$17.57M – $23.43M
NOI $1,405,835 @ 7.0% cap · market cap 8.79%
Second Best
Office B
$19.87M
$17.38M – $23.18M
NOI $1,390,783 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$29.03M
$25.40M – $33.87M
NOI $2,032,280 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lohmann Dental
Dental Office
Dr. Stefan R. ...
Physician
Anytime Fitness
Gym & Fitness Center
Best Fitness by ...
Gym & Fitness Center
brrr°
Textile Engineer
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FAQs
What type of property is this?
Office building - Architecturally distinctive office building offering multiple outdoor amenity spaces, including two 7th-floor terraces and expansive patios.
Where is this office building located?
The property is located at 550 Pharr Rd NE Atlanta, GA.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 1974‑built architecturally distinctive office building in Buckhead between Piedmont Rd and Peachtree St; Multiple outdoor amenity spaces, including two large 7th‑floor outdoor spaces and two expansive first‑floor patios; Penthouse level features wraparound outdoor space and private balconies for most suites
