Cornerstone Village Condo with Pool
For Sale
$345,000
800 Peachtree Street NE #1219, Atlanta, GA 30308
Two-bedroom condo in gated community near Piedmont Park and Midtown.
Property Size1,181 SF
Price / SF$292.13
Days on Market364
Property Features for 800 Peachtree Street NE #1219
General Information
Standard status
Active
Size
1,181 SF
Property subtype
Condominium
Amenities
Security System
Central Air
Central
Dishwasher
Disposal
Electric Range
Electric Water Heater
Microwave
Refrigerator
Pool, Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Building Details
Building Size
1,181 SF
Year Built
2001
Listing Agency:
HOME Luxury Real Estate
(404) 509-1306
Listed By:
First MLS · License #3350902
(404) 509-1306
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 23 at 12:55PM
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 HOME Luxury Real Estate
Investment Insights
Based on property information with market context.
This 1181 square foot, light-filled second-floor end unit is located in Cornerstone Village and features views of the pool. The two-bedroom, two-bathroom condo includes an updated kitchen with white Shaker cabinets, subway tile backsplash, and granite countertops. The open-concept design integrates the kitchen, living, and dining areas. The primary suite includes an ensuite bath and closet space. The secondary bedroom can serve as a guest suite, roommate bedroom, or home office. Additional features include a separate laundry room with barn door, hardwood floors, and a washer and dryer. Cornerstone Village is a secure, gated mid-rise community with amenities such as a gym, updated pool and terrace, theater room, bike storage, and dog park. The property is within walking distance to Piedmont Park, the Fox Theatre, Georgia Tech, the BeltLine, MARTA, shops, restaurants, and entertainment. Two deeded covered parking spaces are included.
Key Highlights
- Prime Location: Walkable to Piedmont Park, Fox Theatre, Georgia Tech, BeltLine, MARTA, shops, restaurants, and entertainment in Midtown.
- Secure, Gated Community: Cornerstone Village offers security and an active HOA with desirable amenities.
- Updated Kitchen: Features white Shaker cabinets, subway tile backsplash, and granite countertops.
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
$13,027
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
3.78%
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%
$260,540
$260.5K
Cap Rate 7%
$186,100
$186.1K
Cap Rate 9%
$144,744
$144.7K
Market Conditions
NOI Build-Up for 1,181 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
$24.8K $21.00/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$23.7K $20.06/SF
− OpEx
−$10.7K −$9.02/SF
NOI
$13.0K $11.03/SF
Area
Atlanta, GA
Vacancy
4.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
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%
$260,540
Cap Rate 7%
$186,100
Cap Rate 9%
$144,744
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.8K – $217.1K
NOI $13,027 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.1K
$288.9K – $385.2K
NOI $23,109 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,020
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo in gated community near Piedmont Park and Midtown.
Where is this apartment building located?
The property is located at 800 Peachtree Street NE #1219 Atlanta, GA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Prime Location: Walkable to Piedmont Park, Fox Theatre, Georgia Tech, BeltLine, MARTA, shops, restaurants, and entertainment in Midtown.; Secure, Gated Community: Cornerstone Village offers security and an active HOA with desirable amenities.; Updated Kitchen: Features white Shaker cabinets, subway tile backsplash, and granite countertops.
