Westside Atlanta Office
For Sale
Contact for pricing
751 Rice Street NW, Atlanta, GA 30318
Office property positioned within Atlanta’s historically industrial Westside corridor, an area experiencing redevelopment and changing land use.
Property Size2,824 SF
Price / SF$265.58
Days on Market116
Property Features for 751 Rice Street NW
General Information
Standard status
Active
Size
2,824 SF
Total Parking Spaces
2
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
Alan Joel Partners
(404) 869-2600
Listed By:
Alan Joel · License #GA 118443
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 8:13AM
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 Alan Joel Partners
Investment Insights
Based on property information with market context.
This office building is located at 751 Rice Street NW in Atlanta, Georgia. The property is identified as an office asset within the city’s Westside area.
Westside Atlanta is described as a historically industrial corridor extending from Bankhead toward the Atlanta University Center. The surrounding area includes redevelopment activity, neighborhood districts, restaurants, cultural venues, new housing, and portions of the Westside Beltline Trail connecting with downtown and West End.
Westside Atlanta is described as a historically industrial corridor extending from Bankhead toward the Atlanta University Center. The surrounding area includes redevelopment activity, neighborhood districts, restaurants, cultural venues, new housing, and portions of the Westside Beltline Trail connecting with downtown and West End.
Key Highlights
- Office building at 751 Rice Street NW
- Located in Atlanta, GA 30318
- Positioned in Atlanta’s historically industrial Westside corridor
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
$37,816
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
5.04%
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%
$756,320
$756.3K
Cap Rate 7%
$540,229
$540.2K
Cap Rate 9%
$420,178
$420.2K
Market Conditions
NOI Build-Up for 2,824 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
$67.4K $23.87/SF
− Vacancy
−$17.0K −$6.02/SF
EGI
$50.4K $17.85/SF
− OpEx
−$12.6K −$4.46/SF
NOI
$37.8K $13.39/SF
Area
ZIP 30318
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%
$756,320
Cap Rate 7%
$540,229
Cap Rate 9%
$420,178
Alternative Uses
Best Use
Office B
$540.2K
$472.7K – $630.3K
NOI $37,816 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.4K
$690.7K – $921.0K
NOI $55,259 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
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 Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property positioned within Atlanta’s historically industrial Westside corridor, an area experiencing redevelopment and changing land use.
Where is this office building located?
The property is located at 751 Rice Street NW Atlanta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Office building at 751 Rice Street NW; Located in Atlanta, GA 30318; Positioned in Atlanta’s historically industrial Westside corridor
