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 Market161
Property Features for 751 Rice Street NW
General Information
Standard status
Active
Size
2,824 SF
Total Parking Spaces
2
Property subtype
Office, Mixed Use, Special Purpose
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
Alan Joel Partners
Listed By:
Alan Joel · License #GA 118443
(404) 869-2600
Source:
Crexi
Added: May 8
Changed: Oct 2
Last Checked: Oct 14 at 11:10PM
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
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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 / Yr
$37,816
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Atlanta, GA
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
