Office Unit with Executive
For Sale
Contact for pricing
981 Joseph E Lowery Blvd NW, Atlanta, GA 30318
6,979 SF office unit with executive amenities for sale.
Property Size6,979 SF
Price / SF$214.93
Days on Market670
Property Features for 981 Joseph E Lowery Blvd NW
General Information
Standard status
Active
Size
6,979 SF
Property subtype
Office
Listing Agency:
Cushman & Wakefield - Atlanta, Georgia
(404) 875-1000
Listed By:
Boris Garbuz · License #GA 348429
Source:
Crexi
Added: Oct 1, 2024
Changed: Jul 6
Last Checked: Aug 1 at 4:26AM
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 Cushman & Wakefield - Atlanta, Georgia
Investment Insights
Based on property information with market context.
This 6,979 square-foot office unit is available for sale. The space includes 12 offices, an open area suitable for workstations, an executive board room, four restrooms, a kitchen, a fitness area, and a built-in bar and lounge. The property features a secured surface parking lot with two reserved spaces.
Key Highlights
- Large 6,979 SF unit suitable for various business needs.
- Priced at $1,649,000 with lease option at $20.50/SF Modified Gross.
- Includes 12 offices, open workstation space, and executive board room.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.6k | $23.87 |
| − Vacancy | −$42.0k | −$6.02 |
| EGI | $124.6k | $17.85 |
| − OpEx | −$31.2k | −$4.46 |
| NOI | $93.5k | $13.39 |
6,979 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,456 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,563 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
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 - 6,979 SF office unit with executive amenities for sale.
Where is this office units located?
The property is located at 981 Joseph E Lowery Blvd NW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large 6,979 SF unit suitable for various business needs.; Priced at $1,649,000 with lease option at $20.50/SF Modified Gross.; Includes **12 offices, open workstation space, and executive board room.**
