C-1 Zoned Commercial
For Sale
$224,900
985 Oakland Drive, Atlanta, GA 30310
For-sale C-1 zoned building that is currently habitable and adaptable for multiple commercial use types.
Property Size1,254 SF
Price / SF$179.35
Days on Market43
Property Features for 985 Oakland Drive
General Information
Standard status
Active
Size
1,254 SF
Property subtype
General Commercial
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$2,590
Amenities
Central Air
3
Concrete
Parking.
20 Parking Spaces. Lot.
Level
7492.32
None, Paved Road, Level.
Building Details
Year Built
1950
Listing Agency:
BHGRE Metro Brokers
(404) 732-3541
Listed By:
Steven Barlow · License #292393
(404) 732-3541
Source:
Xome
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 19 at 5:53AM
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 BHGRE Metro Brokers
Investment Insights
Based on property information with market context.
This for-sale commercial property is located at 985 Oakland Drive SW and is zoned C-1, providing flexibility for a range of commercial uses. The existing building is currently habitable and can be adapted to support retail, office, professional services, and other commercial needs.
The property is described as having a Beltline location. Access and frontage details are not provided, so prospective tenants and buyers should confirm logistics and site conditions during due diligence.
With its habitable improvements and C-1 zoning, the building offers a straightforward starting point for an owner-user or investor seeking a commercially adaptable property.
The property is described as having a Beltline location. Access and frontage details are not provided, so prospective tenants and buyers should confirm logistics and site conditions during due diligence.
With its habitable improvements and C-1 zoning, the building offers a straightforward starting point for an owner-user or investor seeking a commercially adaptable property.
Key Highlights
- C‑1 zoned commercial property with an existing, currently habitable building adaptable for multiple commercial use types
- Level lot on a paved road, with 20 parking spaces available
- Central air cooling; concrete flooring
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
$16,792
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
7.47%
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%
$335,840
$335.8K
Cap Rate 7%
$239,886
$239.9K
Cap Rate 9%
$186,578
$186.6K
Market Conditions
NOI Build-Up for 1,254 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
$29.9K $23.87/SF
− Vacancy
−$7.5K −$6.02/SF
EGI
$22.4K $17.85/SF
− OpEx
−$5.6K −$4.46/SF
NOI
$16.8K $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%
$335,840
Cap Rate 7%
$239,886
Cap Rate 9%
$186,578
Alternative Uses
Best Use
Office B
$239.9K
$209.9K – $279.9K
NOI $16,792 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$208.8K
$182.7K – $243.6K
NOI $14,615 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
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?
Retail space - For-sale C-1 zoned building that is currently habitable and adaptable for multiple commercial use types.
Where is this retail space located?
The property is located at 985 Oakland Drive Atlanta, GA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: C‑1 zoned commercial property with an existing, currently habitable building adaptable for multiple commercial use types; Level lot on a paved road, with 20 parking spaces available; Central air cooling; concrete flooring
