Cheshire Bridge Mixed-Use
For Sale
Contact for pricing
1747 Cheshire Bridge Rd NE, Atlanta, GA 30324
Mixed-use property with high traffic and connectivity in Atlanta.
Property Size23,000 SF
Price / SF$315.22
Days on Market1650
Property Features for 1747 Cheshire Bridge Rd NE
General Information
Standard status
Active
Size
23,000 SF
Property subtype
Retail, Office, Mixed Use, Land
Zoning
NC-5
Building Details
Year Built
1960
Year Renovated
1989
Buildings
1
Stories
1
Listing Agency:
Lavista Associates
Listed By:
Thomas Martin · License #GA 380309
(404) 218-5722
Source:
Crexi
Added: Apr 11, 2022
Changed: Oct 9
Last Checked: Oct 16 at 7:34AM
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 Lavista Associates
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Investment Insights
Based on property information with market context.
Located at the intersection of Cheshire Bridge and Piedmont, this mixed-use property at 1747 Cheshire Bridge offers high traffic counts and connectivity to popular areas in Atlanta. The property is situated in an area with high population growth and median household incomes exceeding $100,000, which is expected to drive continued growth and demand. The property size is 23000 square feet.
Key Highlights
- High traffic location at the intersection of Cheshire Bridge and Piedmont.
- Unparalleled connectivity to popular Atlanta areas.
- High population growth area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,995
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,159,900
$6.2M
Cap Rate 7%
$4,399,929
$4.4M
Cap Rate 9%
$3,422,167
$3.4M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$549.0K $23.87/SF
− Vacancy
−$138.4K −$6.02/SF
EGI
$410.7K $17.85/SF
− OpEx
−$102.7K −$4.46/SF
NOI
$308.0K $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 Rate 5%
$6,159,900
Cap Rate 7%
$4,399,929
Cap Rate 9%
$3,422,167
Alternative Uses
Best Use
Office B
$4.40M
$3.85M – $5.13M
NOI $307,995 @ 7.0% cap · market cap 4.25%
Second Best
Mixed Use
$3.99M
$3.49M – $4.66M
NOI $279,450 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,057 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 30324, GA
30,942
Population
18,232
Households
1.7
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
5,838
Density / Sq Mi
$93,815
Median Household Income
$70,026
Median Earnings
$1,759
Median Rent
$505,300
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?
Mixed-use property - Mixed-use property with high traffic and connectivity in Atlanta.
Where is this mixed-use property located?
The property is located at 1747 Cheshire Bridge Rd NE Atlanta, GA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: High traffic location at the intersection of Cheshire Bridge and Piedmont.; Unparalleled connectivity to popular Atlanta areas.; High population growth area.
