Building Details

Year Built 2005

Listing Agency: Bolst, Inc.

Listed By: David Garrison · License #273222 Show Phone

Source: Leagrouprealestate

Added: Sep 5 Changed: Oct 12 Last Checked: Oct 7 at 2:44PM

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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 Bolst, Inc.

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Investment Insights

Based on property information with market context.

Suite 170 is a 1,320-square-foot creative space built for audio, video, editing, and post-production work. The interior contains nine soundproofed rooms with hard-capped ceilings, double-pane glass, added drywall, sound barrier strips, and enhanced insulation. A kitchen and meeting area support daily operations, while redundant power serves the building. One assigned covered parking space and secure entry for owners and clients are included.

The property is at 934 Glenwood Ave SE in Atlanta’s Ormewood Park, along the Atlanta BeltLine and within Glenwood Park. Dining, retail, grocery, and entertainment options surround the suite, including Gunshow and Madison Yards theatre. I-20 provides regional access, with East Atlanta, Grant Park, Reynoldstown, and Cabbagetown nearby. The suite was built in 2005 and is described as ready for immediate occupancy.

Key Highlights

• 1,320 SF creative suite with nine soundproofed rooms
• Sound‑control construction includes hard‑capped ceilings, double‑pane glass, added drywall, barrier strips, and enhanced insulation
• Built for audio, video, editing, and post‑production operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,676

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,520 $353.5K

Cap Rate 7%

$252,514 $252.5K

Cap Rate 9%

$196,400 $196.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,320 SF

Gross rent

$31.5K $23.87/SF

− Vacancy

−$7.9K −$6.02/SF

EGI

$23.6K $17.85/SF

− OpEx

−$5.9K −$4.46/SF

NOI

$17.7K $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%

$353,520

Cap Rate 7%

$252,514

Cap Rate 9%

$196,400

Alternative Uses

Best Use

Office B

$252.5K

$221.0K – $294.6K (±1% cap)

NOI $17,676 @ 7.0% cap · market cap 3.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$369.0K

$322.9K – $430.5K (±1% cap)

NOI $25,829 @ 7.0% cap · market cap 5.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

W3 Business & Tax ... Accounting Firm The Berney Law Firm Law Firm BOOM Post Audio Recording Studio The Royster Group, Inc. Employment Agency Downs Law, LLC Law Firm

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store Home Appliance Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,367

Businesses Nearby

Explore this area Business Placement

Demographics for 30316, GA

33,625

Population

18,095

Households

1.9

Avg Household Size

36

Median Age

55%

College-Educated

92%

High-School Grad

13.0 sq mi

ZIP Area

2,587

Density / Sq Mi

$96,491

Median Household Income

$61,116

Median Earnings

$1,570

Median Rent

$401,800

Median Home Value

Market

Vacancy Rate% for Office in Atlanta, GA

17.9% 2019

20.4% 2020

22.2% 2021

22.4% 2022

23.8% 2023

25.2% 2024

25% 2025

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Frequently Asked Questions

What type of property is this?

Creative space - Professionally built creative workspace with private rooms, kitchen facilities, and controlled access near the Atlanta BeltLine.

Where is this creative space located?

The property is located at 934 Glenwood Ave SE Atlanta, GA.

What is the asking price?

The asking price for this property is $484,000.

What are key features of this property?

This property features: 1,320 SF creative suite with nine soundproofed rooms; Sound‑control construction includes hard‑capped ceilings, double‑pane glass, added drywall, barrier strips, and enhanced insulation; Built for audio, video, editing, and post‑production operations