Renovated Office Condo with
For Sale
Contact for pricing
675 SEMINOLE AVE NE, Atlanta, GA 30306
Corner suite offers flexible offices, conference space, and a reserved parking space.
Property Size1,803 SF
Price / SF$399.33
Days on Market108
Property Features for 675 SEMINOLE AVE NE
General Information
Standard status
Active
Size
1,803 SF
Class
C
Total Parking Spaces
1
Property subtype
Office
Zoning
OI
Additional Details
Public Transit
Yes
Building Details
Year Built
1924
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
Graham & Arthur, LLC
Listed By:
David Mauer · License #GA 395860
Source:
Crexi
Added: May 18
Changed: Sep 2
Last Checked: Sep 1 at 3:31AM
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 Graham & Arthur, LLC
Investment Insights
Based on property information with market context.
Unit T06 is a renovated office condominium at 675 Seminole Avenue NE, with a corner layout and natural light from expansive windows and multiple skylights. The 1,803-square-foot suite includes a reception area, two glass-front executive offices, a conference room, two open work areas, and dedicated storage. Interior features include 11-foot ceilings, hardwood and carpeted flooring, and upgraded HVAC systems. A private rear entrance provides direct access to the reserved parking space adjacent to the suite.
The property is positioned near Poncey-Highland, Old Fourth Ward, Virginia-Highland, and Midtown Atlanta. Restaurants, retail, parks, and entertainment venues surround the area, including Ponce City Market and Freedom Park. The Atlanta BeltLine Eastside Trail is approximately one mile away, and MARTA access is available at Edgewood-Candler Park Station. The condominium is zoned OI and was built in 1924.
The property is positioned near Poncey-Highland, Old Fourth Ward, Virginia-Highland, and Midtown Atlanta. Restaurants, retail, parks, and entertainment venues surround the area, including Ponce City Market and Freedom Park. The Atlanta BeltLine Eastside Trail is approximately one mile away, and MARTA access is available at Edgewood-Candler Park Station. The condominium is zoned OI and was built in 1924.
Key Highlights
- 1,803 SF renovated office condominium in Unit T06
- Corner suite with expansive windows and multiple skylights
- 11‑foot ceilings with hardwood and carpeted flooring
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
$24,144
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
3.35%
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%
$482,880
$482.9K
Cap Rate 7%
$344,914
$344.9K
Cap Rate 9%
$268,267
$268.3K
Market Conditions
NOI Build-Up for 1,803 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
$43.0K $23.87/SF
− Vacancy
−$10.8K −$6.02/SF
EGI
$32.2K $17.85/SF
− OpEx
−$8.0K −$4.46/SF
NOI
$24.1K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$482,880
Cap Rate 7%
$344,914
Cap Rate 9%
$268,267
Alternative Uses
Best Use
Office B
$344.9K
$301.8K – $402.4K
NOI $24,144 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,281 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 30306, GA
25,053
Population
12,182
Households
2.1
Avg Household Size
36
Median Age
83%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
5,446
Density / Sq Mi
$133,085
Median Household Income
$82,692
Median Earnings
$1,796
Median Rent
$797,400
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner suite offers flexible offices, conference space, and a reserved parking space.
Where is this office units located?
The property is located at 675 SEMINOLE AVE NE Atlanta, GA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 1,803 SF renovated office condominium in Unit T06; Corner suite with expansive windows and multiple skylights; 11‑foot ceilings with hardwood and carpeted flooring
