Professional Office Condo for
For Sale
$324,900
920 Dannon Vw SW, Atlanta, GA 30331
Office condo in Cascade Road business district, Atlanta, GA.
Property Size1,198 SF
Price / SF$271.20
Days on Market164
Property Features for 920 Dannon Vw SW
General Information
Standard status
Active
Size
1,198 SF
Building Details
Year Built
2006
Listing Agency:
Apollo Associates Realty
Listed By:
Jeffrey Hicks · License #152065
(404) 753-7373
Source:
Leagrouprealestate
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 4 at 8:35AM
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 Apollo Associates Realty
Investment Insights
Based on property information with market context.
This office condo features a client waiting area, two large separate offices, a breakroom, and an ADA-compliant restroom. The unit includes both front and rear entrances. The office design is suitable for various professional uses, such as a therapy practice, accounting or tax office, law firm, medical practice, or other service providers. It offers a comfortable professional office environment, situated in a quiet business complex within the Cascade Road Business district. The location provides ample parking and is on the MARTA bus route, offering convenient access to I-285, restaurants, Hartsfield-Jackson Airport, the shops at Camp Creek, and downtown Atlanta.
Key Highlights
- Ideal for professional service providers seeking a comfortable office environment
- Convenient location in Cascade Road Business District with ample parking and MARTA bus route access
- Quick access to I‑285, Hartsfield‑Jackson Airport, Camp Creek shops, and downtown Atlanta
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
$16,043
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
4.94%
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%
$320,860
$320.9K
Cap Rate 7%
$229,186
$229.2K
Cap Rate 9%
$178,256
$178.3K
Market Conditions
NOI Build-Up for 1,198 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
$28.6K $23.87/SF
− Vacancy
−$7.2K −$6.02/SF
EGI
$21.4K $17.85/SF
− OpEx
−$5.3K −$4.46/SF
NOI
$16.0K $13.39/SF
Area
ZIP 30331
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%
$320,860
Cap Rate 7%
$229,186
Cap Rate 9%
$178,256
Alternative Uses
Best Use
Office B
$229.2K
$200.5K – $267.4K
NOI $16,043 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.9K
$293.0K – $390.7K
NOI $23,442 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Explore this area
Business Placement
Demographics for 30331, GA
60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
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 units - Office condo in Cascade Road business district, Atlanta, GA.
Where is this office units located?
The property is located at 920 Dannon Vw SW Atlanta, GA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Ideal for professional service providers seeking a comfortable office environment; Convenient location in Cascade Road Business District with ample parking and MARTA bus route access; Quick access to I‑285, Hartsfield‑Jackson Airport, Camp Creek shops, and downtown Atlanta
