Former Bank Building with
For Sale
$950,000
591 Valley Hill Road Sw Riverdale, Riverdale, GA 30274
Former bank structure with substantial on-site parking, offering flexible options for office, medical, retail, or service use.
Property Size4,034 SF
Price / SF$235.50
Days on Market51
Property Features for 591 Valley Hill Road Sw Riverdale
General Information
Standard status
Active
Size
4,034 SF
Taxes and HOA fees
Annual Taxes
$9,565
Amenities
true
Public Records
Square Feet
City Lot,Level,Near Public Transit
Public
43124.4
0.99
Other
Other,Paved,Parking Lot,Drive Through
4034
Building Details
Building Size
4,034 SF
Year Built
1980
Listing Agency:
(706) 480-5310
Listed By:
Daley Porter
(706) 480-5310
Source:
Thesoldsquad
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 20 at 4:10AM
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 Daley Porter
Investment Insights
Based on property information with market context.
This property is an existing former bank structure totaling approximately 3,063 square feet, complemented by substantial on-site parking. The building’s configuration supports a range of adaptive reuse possibilities, including financial services and professional or service-oriented uses, subject to applicable municipal approvals.
The site is positioned along a growing commercial corridor in Riverdale and sits less than one-half mile from Georgia Hwy 85. The location provides convenient access to the south metro Atlanta market and is described as being near Hartsfield-Jackson Atlanta International Airport.
For an owner-user, investor, or developer, the combination of a ready-to-adapt bank building and parking can support tenants seeking a straightforward footprint for office, medical office, professional suites, or certain retail and service concepts. Any redevelopment or change of use would require confirmation of permitted uses and approvals through the appropriate local authorities.
The site is positioned along a growing commercial corridor in Riverdale and sits less than one-half mile from Georgia Hwy 85. The location provides convenient access to the south metro Atlanta market and is described as being near Hartsfield-Jackson Atlanta International Airport.
For an owner-user, investor, or developer, the combination of a ready-to-adapt bank building and parking can support tenants seeking a straightforward footprint for office, medical office, professional suites, or certain retail and service concepts. Any redevelopment or change of use would require confirmation of permitted uses and approvals through the appropriate local authorities.
Key Highlights
- 0.99‑acre city lot on a paved parking lot with drive‑through parking features
- Total building area of 4,034 SF with an existing former bank structure of approximately 3,063 SF
- Heating and air conditioning available
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
$64,828
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
6.82%
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%
$1,296,560
$1.3M
Cap Rate 7%
$926,114
$926.1K
Cap Rate 9%
$720,311
$720.3K
Market Conditions
NOI Build-Up for 4,034 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
$92.9K $23.04/SF
− Vacancy
−$6.5K −$1.61/SF
EGI
$86.4K $21.43/SF
− OpEx
−$21.6K −$5.36/SF
NOI
$64.8K $16.07/SF
Area
Clayton County, GA
Vacancy
7.00%
Lease Rate
$23.04 /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%
$1,296,560
Cap Rate 7%
$926,114
Cap Rate 9%
$720,311
Alternative Uses
Best Use
Specialty Retail
$926.1K
$810.4K – $1.08M
NOI $64,828 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$810.6K
$709.3K – $945.7K
NOI $56,740 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.13M
$986.7K – $1.32M
NOI $78,936 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank structure with substantial on-site parking, offering flexible options for office, medical, retail, or service use.
Where is this bank located?
The property is located at 591 Valley Hill Road Sw Riverdale Riverdale, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 0.99‑acre city lot on a paved parking lot with drive‑through parking features; Total building area of 4,034 SF with an existing former bank structure of approximately 3,063 SF; Heating and air conditioning available
