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 Market1604
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
(404) 218-5722
Listed By:
Thomas Martin · License #GA 380309
Source:
Crexi
Added: Apr 11, 2022
Changed: Aug 22
Last Checked: Aug 31 at 5:19AM
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
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 = 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
$307,995
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
4.25%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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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.
