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Property profile & analytics
OFF-MARKET Estimated value $1,745,000
Retail space

2087 Piedmont NE Rd Atlanta, GA 30324-4130

4,856 SF 0.34 ac lot Built 1950
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US22-0875630
Property summary
AI-generated overview

This exceptional ±6,726 square foot freestanding retail building is situated on a ±0.34-acre lot at 2087 Piedmont Road NE in Atlanta, Georgia (zip code 30324), within the desirable Morningside-Lenox Park neighborhood, near the Cheshire Bridge intersection. The property boasts a main building with approximately 4,008 square feet on the upper level and 2,418 square feet on the terrace level, plus an additional approximately 300 square foot block building at the rear. Currently vacant and in shell condition, this property offers an open floor plan, providing a blank canvas for customization to suit a wide range of commercial uses. The building's design may allow for the addition of a rooftop patio or another level. The property includes a prominent monument sign and ample parking for 20 vehicles. Its location benefits from high visibility, with approximately 44,000 vehicles passing daily, and is directly across from a new 392-unit residential development currently under construction. The property is zoned MRC-2-C, permitting mixed residential and commercial uses. The asking price is $1,995,000, translating to $320 per square foot. The property features one unit across two buildings and two stories. The Fulton County APN is 17 004900060316. This is a unique opportunity to acquire a prime retail space in a thriving Atlanta neighborhood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 4,856 SF
Lot 0.34 ac (14,636 SF)
Zoning code C2
APN 17 004900060316
UPID US22-0875630
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Urgent Dental Care Atlanta Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.75M
Owner & transaction history
Sahara Atlanta LLC · 3 yrs held
Sahara Atlanta LLC
since 2023
Last sale
$1.8M
4 recorded transactions
2023
$1.8M
2023
Price N/A
2022
$1.2M
2022
Price N/A
Zoning & alternative use
C2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +25.3%
Neighborhood: shopping center $1.3M +21.3%
Medical building $1.3M +21.2%
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