Indoor Performance
New
For Sale
$7,400,000
6616 New Peachtree Rd, Atlanta, GA 30340
A full commercial kitchen, three bars, and a stage support event operations.
Property Size39,676 SF
Days on Market5
Property Features for 6616 New Peachtree Rd
General Information
Standard status
Active
Size
39,676 SF
Total Parking Spaces
1000
Property subtype
Special Purpose
Zoning
T-5
Occupancy
100%
Building Details
Building Size
39,676 SF
Year Built
1972
Listing Agency:
CBC Metro Brokers
Listed By:
Jelani Linder · License #355668
(678) 320-4800
Source:
Cbcworldwide
Added: Sep 30
Last Checked: Oct 4 at 6:13AM
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
Investment Insights
Based on property information with market context.
The 39,676-square-foot venue sits on 2.875 acres and was built in 1972. Its event layout includes seating for 3,000 within a building permitted for 5,000 occupants. On-site features include a commercial kitchen, three bars, a stage, green room, VIP level, and covered entry patio.
The City has approved conditional use for indoor performances and private ticketed events, alongside indoor recreation, restaurant, and bar uses. The sale covers the real estate only; the operating company, trade name, and branding are excluded.
The City has approved conditional use for indoor performances and private ticketed events, alongside indoor recreation, restaurant, and bar uses. The sale covers the real estate only; the operating company, trade name, and branding are excluded.
Key Highlights
- 39,676‑square‑foot building on 2.875 acres
- Permitted for 5,000 occupants, with a layout for 3,000 seats
- Commercial kitchen, three bars, stage, and green room
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
$537,054
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
7.26%
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%
$10,741,080
$10.7M
Cap Rate 7%
$7,672,200
$7.7M
Cap Rate 9%
$5,967,267
$6.0M
Market Conditions
NOI Build-Up for 39,676 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
$761.8K $19.20/SF
− Vacancy
−$45.7K −$1.15/SF
EGI
$716.1K $18.05/SF
− OpEx
−$179.0K −$4.51/SF
NOI
$537.1K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /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%
$10,741,080
Cap Rate 7%
$7,672,200
Cap Rate 9%
$5,967,267
Alternative Uses
Best Use
Specialty Retail
$7.67M
$6.71M – $8.95M
NOI $537,054 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.09M
$9.70M – $12.94M
NOI $776,367 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Explore this area
Business Placement
Demographics for 30340, GA
30,529
Population
11,829
Households
2.6
Avg Household Size
33
Median Age
35%
College-Educated
76%
High-School Grad
8.2 sq mi
ZIP Area
3,723
Density / Sq Mi
$57,216
Median Household Income
$36,450
Median Earnings
$1,529
Median Rent
$312,600
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?
Theater & concert hall - A full commercial kitchen, three bars, and a stage support event operations.
Where is this theater & concert hall located?
The property is located at 6616 New Peachtree Rd Atlanta, GA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: 39,676‑square‑foot building on 2.875 acres; Permitted for 5,000 occupants, with a layout for 3,000 seats; Commercial kitchen, three bars, stage, and green room
