Office Unit with Executive
For Sale
$1,400,000
981 Joseph E Lowery Blvd., Atlanta, GA 30318
6,979 SF office unit with executive amenities for sale.
Property Size41,000 SF
Price / SF$200.60
Days on Market174
Property Features for 981 Joseph E Lowery Blvd.
General Information
Standard status
Active
Size
41,000 SF
Property subtype
8/31/2026
Building Details
Building Size
41,000 SF
Year Built
2026
Properties For Sale
at 981 Joseph E Lowery Blvd. Contact us- Size
- 6,979 SF
Suite Unit 981-100
Listing Agency:
Cushman & Wakefield - Atlanta, Georgia
Listed By:
Boris Garbuz · License #348429
(404) 682-3418
Source:
Cushmanwakefield
Added: Mar 26
Changed: Sep 11
Last Checked: Sep 14 at 5:10AM
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
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
$93,456
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
6.68%
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%
$1,869,120
$1.9M
Cap Rate 7%
$1,335,086
$1.3M
Cap Rate 9%
$1,038,400
$1.0M
Market Conditions
NOI Build-Up for 6,979 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
$166.6K $23.87/SF
− Vacancy
−$42.0K −$6.02/SF
EGI
$124.6K $17.85/SF
− OpEx
−$31.2K −$4.46/SF
NOI
$93.5K $13.39/SF
Area
ZIP 30318
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%
$1,869,120
Cap Rate 7%
$1,335,086
Cap Rate 9%
$1,038,400
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,456 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,563 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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
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. Atlanta, GA.
What is the asking price?
The asking price for this property is $1,400,000.
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.**
