Office Building with Two-Car
For Sale
$620,000
3147 , Atlanta, GA 30341
Former attorney’s office with residential improvements, O/I zoning, secured outdoor areas, and a fish pond.
Property Size1,956 SF
Price / SF$192.55
Days on Market53
Property Features for 3147
General Information
Standard status
Active
Size
1,956 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
O/I
Amenities
high fences
gate to back yard
coy fish pond
0.3 acres, City Lot, Level, Near Public Transit
Public Sewer
Parcel Number: 18 281 12 003, Annual Amount: $5,094, Year: 2024
Central Air, Electric, Fans
Central, Natural Gas
Listing ID: 10828927, Standard Status: Active, MLS Status: Active, On market as of 2026-08-19, 14 days on market
Paved
Built in 1956, Construction Materials: Frame, Wood Siding
County/Parish: DeKalb
Fixer
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Underground Utilities, Water Source: Public
Negotiable
Building Details
Building Size
1,956 SF
Year Built
1956
Abandoned
No
Listing Agency:
Empire Realty Group Inc
(678) 756-7855
Listed By:
Tim Lam · License #274348
(678) 525-6776
Source:
Blackstreaminternational
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 9 at 11:25PM
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 Empire Realty Group Inc
Investment Insights
Based on property information with market context.
Located at 3147 Shallowford Road NE in Atlanta, this O/I-zoned office property was previously used as an attorney’s office and is currently being used as a residence for the property manager. The building includes four bedrooms and 3.5 bathrooms, along with a two-car garage.
Exterior features include high fencing, a gate providing access to the backyard, and a fish pond. The combination of former professional-office use, residential-style rooms, garage parking, and enclosed outdoor areas creates a property with a distinctive existing configuration.
Exterior features include high fencing, a gate providing access to the backyard, and a fish pond. The combination of former professional-office use, residential-style rooms, garage parking, and enclosed outdoor areas creates a property with a distinctive existing configuration.
Key Highlights
- O/I zoning
- Former attorney’s office
- Four bedrooms and 3.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,119
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,380
$862.4K
Cap Rate 7%
$615,986
$616.0K
Cap Rate 9%
$479,100
$479.1K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$76.9K $23.87/SF
− Vacancy
−$19.4K −$6.02/SF
EGI
$57.5K $17.85/SF
− OpEx
−$14.4K −$4.46/SF
NOI
$43.1K $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%
$862,380
Cap Rate 7%
$615,986
Cap Rate 9%
$479,100
Alternative Uses
Best Use
Office B
$616.0K
$539.0K – $718.7K
NOI $43,119 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.1K
$787.6K – $1.05M
NOI $63,008 @ 7.0% cap · market cap 10.16%
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
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 30341, GA
35,959
Population
15,347
Households
2.3
Avg Household Size
33
Median Age
54%
College-Educated
86%
High-School Grad
10.0 sq mi
ZIP Area
3,596
Density / Sq Mi
$81,774
Median Household Income
$55,563
Median Earnings
$1,746
Median Rent
$438,500
Median Home Value
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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 building - Former attorney’s office with residential improvements, O/I zoning, secured outdoor areas, and a fish pond.
Where is this office building located?
The property is located at 3147 Atlanta, GA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: O/I zoning; Former attorney’s office; Four bedrooms and 3.5 bathrooms
