Built-Out Restaurant and
For Sale
Contact for pricing
675 Ponce De Leon Avenue Northeast, Atlanta, GA 30308
Fully equipped restaurant with a ventilated kitchen, bar service, private seating, and dedicated storage within a food hall.
Property Size1,400 SF
Price / SF$171.43
Days on Market173
Property Features for 675 Ponce De Leon Avenue Northeast
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail
Listing Agency:
Coldwell Banker Commercial Metro Brokers
(678) 406-8478
Listed By:
Jimmy Carey · License #430382
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 7:00PM
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 Coldwell Banker Commercial Metro Brokers
Investment Insights
Based on property information with market context.
This 1,400-square-foot restaurant is positioned within the Ponce City Market food hall and is offered through an asset sale with lease assignment. The space includes a professional ventilated kitchen, complete bar setup, private customer seating, and separate storage. Its existing build-out supports restaurant and bar operations without the format of a kiosk or stall.
The property has direct access to the Atlanta Eastside BeltLine and sits within a mixed-use destination containing retail, restaurants, residential units, hotels, and Class-A office tenants. The food hall reports more than 10,000 daily visitors. A long-term lease is in place, providing an established operating framework for the assigned tenancy.
The property has direct access to the Atlanta Eastside BeltLine and sits within a mixed-use destination containing retail, restaurants, residential units, hotels, and Class-A office tenants. The food hall reports more than 10,000 daily visitors. A long-term lease is in place, providing an established operating framework for the assigned tenancy.
Key Highlights
- 1,400‑square‑foot built‑out restaurant and bar within the Ponce City Market food hall
- Professional‑grade ventilated kitchen equipped for high‑volume restaurant operations
- Complete bar setup with dedicated private seating area
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
$18,950
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
7.90%
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%
$379,000
$379.0K
Cap Rate 7%
$270,714
$270.7K
Cap Rate 9%
$210,556
$210.6K
Market Conditions
NOI Build-Up for 1,400 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
$26.9K $19.20/SF
− Vacancy
−$1.6K −$1.15/SF
EGI
$25.3K $18.05/SF
− OpEx
−$6.3K −$4.51/SF
NOI
$19.0K $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%
$379,000
Cap Rate 7%
$270,714
Cap Rate 9%
$210,556
Alternative Uses
Best Use
Specialty Retail
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$115.5K
$101.1K – $134.7K
NOI $8,084 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,742
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30308, GA
22,121
Population
16,007
Households
1.4
Avg Household Size
32
Median Age
74%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
13,826
Density / Sq Mi
$82,420
Median Household Income
$64,696
Median Earnings
$1,824
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant with a ventilated kitchen, bar service, private seating, and dedicated storage within a food hall.
Where is this conventional restaurant located?
The property is located at 675 Ponce De Leon Avenue Northeast Atlanta, GA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,400‑square‑foot built‑out restaurant and bar within the Ponce City Market food hall; Professional‑grade ventilated kitchen equipped for high‑volume restaurant operations; Complete bar setup with dedicated private seating area
