Two-Story Office
New
For Sale
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830 SW Warner St, Atlanta, GA 30310
Brick office property with artist studios, industrial zoning, concrete floors, and three-phase power.
Property Size11,536 SF
Lot Size0.26 Acres
Price / SF$230.77
Days on Market5
Property Features for 830 SW Warner St
General Information
Standard status
Active
Size
11,536 SF
Net Rentable
6,500 SF
Class
Class C
Lot size
0.26 Acres
Property subtype
Office
Zoning
I1
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1949
Buildings
1
Stories
2
Building Size
11,536 SF
Construction
brick
Tenancy
Multi
Parking Ratio
1.39 per 1,000 SF
Abandoned
No
Listing Agency:
Chasen Commercial Real Estate
Listed By:
Chasen Foster · License #GA
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 1:39PM
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 Chasen Commercial Real Estate
Investment Insights
Based on property information with market context.
This two-story office building dates to 1949 and occupies a 0.26-acre site in Atlanta. The primarily brick structure includes concrete block and wood stud framing, concrete floors, and a recently installed TPO roof. Current occupancy consists of artist work studios on month-to-month arrangements, with the property capable of being delivered vacant at purchase. Three-phase power is installed, and the site has established utilities and a level building area.
The property carries I-1 industrial zoning and has frontage on two streets. Its location is 600 feet from the Beltline Trail, with a Walk Score of 50. The building is part of a multi-tenant setting and provides a parking ratio of 1.39 spaces per 1,000 square feet. The existing configuration and documented physical improvements support continued studio use or consideration of adaptive reuse within the stated zoning framework.
The property carries I-1 industrial zoning and has frontage on two streets. Its location is 600 feet from the Beltline Trail, with a Walk Score of 50. The building is part of a multi-tenant setting and provides a parking ratio of 1.39 spaces per 1,000 square feet. The existing configuration and documented physical improvements support continued studio use or consideration of adaptive reuse within the stated zoning framework.
Key Highlights
- 6,500 SF office building on a 0.26‑acre site
- Two‑story, primarily brick building constructed in 1949
- New TPO roof and concrete floors
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
$87,042
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
5.80%
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%
$1,740,840
$1.7M
Cap Rate 7%
$1,243,457
$1.2M
Cap Rate 9%
$967,133
$967.1K
Market Conditions
NOI Build-Up for 6,500 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
$155.2K $23.87/SF
− Vacancy
−$39.1K −$6.02/SF
EGI
$116.1K $17.85/SF
− OpEx
−$29.0K −$4.46/SF
NOI
$87.0K $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%
$1,740,840
Cap Rate 7%
$1,243,457
Cap Rate 9%
$967,133
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,042 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$651.1K
$569.7K – $759.6K
NOI $45,576 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,190 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Office building - Brick office property with artist studios, industrial zoning, concrete floors, and three-phase power.
Where is this office building located?
The property is located at 830 SW Warner St Atlanta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,500 SF office building on a 0.26‑acre site; Two‑story, primarily brick building constructed in 1949; New TPO roof and concrete floors
