Brick Office Building For
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4661 N Shallowford Rd, Atlanta, GA 30338
5445 SF brick office building in high-traffic Atlanta area.
Property Size5,445 SF
Lot Size1.10 Acres
Price / SF$303.03
Days on Market1304
Property Features for 4661 N Shallowford Rd
General Information
Standard status
Active
Size
5,445 SF
Class
C
Lot size
1.10 Acres
Property subtype
Office
Lease Type
Gross
Building Details
Year Built
1999
Buildings
1
Stories
1
Listing Agency:
Acme Property Group
Listed By:
Zach Rogers · License #359958
(770) 450-9892
Source:
Crexi
Added: Feb 8, 2023
Changed: Sep 3
Last Checked: Sep 2 at 9:42PM
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 Acme Property Group
Investment Insights
Based on property information with market context.
This brick office building, situated in a high-traffic area just north of Atlanta, offers 5445 square feet of space, including a main level and a full, unfinished basement, on a 1.098-acre lot. The property features 13 regular parking spaces and 2 handicap spaces, providing flexibility for various business needs, including medical, office, or church use. The main level, spanning over 3774 square feet, includes 9 large offices, a conference room, a server/utility room, a separate kitchen area, and a large open flex space at the rear. Its location offers quick access to several major roadways, making it suitable for established businesses looking to expand or relocate, as well as startups. The property has undergone recent updates, including the installation of 3 new HVAC units in 2021 and a new roof in 2018. The property is being refreshed with summer cleaning, new light bulbs, and new ceiling tiles.
Key Highlights
- High‑traffic location just north of Atlanta with quick access to major roadways.
- Large 5445 sq ft office building on 1.098 acres, suitable for various uses.
- Main level features 9 large offices, conference room, kitchen, server room, and open flex space.
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
$72,914
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
4.42%
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%
$1,458,280
$1.5M
Cap Rate 7%
$1,041,629
$1.0M
Cap Rate 9%
$810,156
$810.2K
Market Conditions
NOI Build-Up for 5,445 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
$130.0K $23.87/SF
− Vacancy
−$32.8K −$6.02/SF
EGI
$97.2K $17.85/SF
− OpEx
−$24.3K −$4.46/SF
NOI
$72.9K $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%
$1,458,280
Cap Rate 7%
$1,041,629
Cap Rate 9%
$810,156
Alternative Uses
Best Use
Office B
$1.04M
$911.4K – $1.22M
NOI $72,914 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,546 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 30338, GA
37,650
Population
17,591
Households
2.1
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
9.9 sq mi
ZIP Area
3,803
Density / Sq Mi
$122,931
Median Household Income
$83,788
Median Earnings
$1,812
Median Rent
$592,600
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 building - 5445 SF brick office building in high-traffic Atlanta area.
Where is this office building located?
The property is located at 4661 N Shallowford Rd Atlanta, GA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High‑traffic location just north of Atlanta with quick access to major roadways.; Large 5445 sq ft office building on 1.098 acres, suitable for various uses.; Main level features **9 large offices, conference room, kitchen, server room, and open flex space.**
