Renovated Restaurant & Entertainment
For Sale
$9,200,000
595 North Ave NW, Atlanta, GA 30318
A newly renovated restaurant venue on the Beltline with a built-out interior concept and ample parking for guests.
Property Size18,000 SF
Days on Market71
Property Features for 595 North Ave NW
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Hospitality
Building Details
Building Size
18,000 SF
Year Built
1946
Year Renovated
2024
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Darrell Chapman · License #291870
Source:
Tcnworldwide
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 2:24AM
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.
This newly renovated Beltline Flex / Hospitality / Entertainment Campus delivers a refreshed, turnkey-ready environment for operators. The restaurant space features a beautiful build out, and the property was completely renovated in 2023–2024, positioning it for modern hospitality use with updated finishes and improvements. The overall concept supports hospitality and entertainment activity, including restaurant operations and complementary nightlife-style uses.
The campus is located on the Beltline and offers ample parking to support high-demand guest visits. It is also near Mercedes-Benz Stadium, State Farm Arena, and the Georgia World Congress Center, which can help drive event-driven foot traffic and consistent demand patterns for the right hospitality operator.
For buyers seeking a sale opportunity with an entertainment-oriented foundation, this property offers an appealing mix of location visibility and renovated presentation. The built-out restaurant configuration supports a range of food and beverage concepts, while the flex hospitality and entertainment positioning can help accommodate evolving programming over time. If you’re evaluating a hospitality investment or owner-operator play focused on a high-activity corridor, this renovated campus is designed to support that goal.
The campus is located on the Beltline and offers ample parking to support high-demand guest visits. It is also near Mercedes-Benz Stadium, State Farm Arena, and the Georgia World Congress Center, which can help drive event-driven foot traffic and consistent demand patterns for the right hospitality operator.
For buyers seeking a sale opportunity with an entertainment-oriented foundation, this property offers an appealing mix of location visibility and renovated presentation. The built-out restaurant configuration supports a range of food and beverage concepts, while the flex hospitality and entertainment positioning can help accommodate evolving programming over time. If you’re evaluating a hospitality investment or owner-operator play focused on a high-activity corridor, this renovated campus is designed to support that goal.
Key Highlights
- Completely renovated in 2023–2024 restaurant venue
- Built‑out restaurant space interior concept
- Located on the Beltline
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
$302,940
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
3.29%
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%
$6,058,800
$6.1M
Cap Rate 7%
$4,327,714
$4.3M
Cap Rate 9%
$3,366,000
$3.4M
Market Conditions
NOI Build-Up for 18,000 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
$432.0K $24.00/SF
− Vacancy
−$28.1K −$1.56/SF
EGI
$403.9K $22.44/SF
− OpEx
−$101.0K −$5.61/SF
NOI
$302.9K $16.83/SF
Area
ZIP 30318
Vacancy
6.50%
Lease Rate
$24.00 /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%
$6,058,800
Cap Rate 7%
$4,327,714
Cap Rate 9%
$3,366,000
Alternative Uses
Best Use
Specialty Retail
$4.33M
$3.79M – $5.05M
NOI $302,940 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.03M
$4.40M – $5.87M
NOI $352,218 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A newly renovated restaurant venue on the Beltline with a built-out interior concept and ample parking for guests.
Where is this conventional restaurant located?
The property is located at 595 North Ave NW Atlanta, GA.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: Completely renovated in 2023–2024 restaurant venue; Built‑out restaurant space interior concept; Located on the Beltline
