Three-Building Mixed-Use
For Sale
$400,000
2876 , East Point, GA 30344
Three buildings convey together and are currently configured for residential use within a commercial area.
Property Size1,935 SF
Price / SF$266.67
Days on Market75
Property Features for 2876
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Commercial
Additional Details
Asking Price
$1,200,000
Amenities
0.194 acres, City Lot, Level, Near Public Transit
Composition
Public Sewer
Parcel Number: 14 015700120222, Annual Amount: $4,373.5, Year: 25
Hardwood
Central Air, Electric
Central, Electric
Listing ID: 10811747, Standard Status: Active, MLS Status: Active, On market as of 2026-07-23, 14 days on market, Special Conditions: Agent Owned
6 total parking spaces, Parking Lot
Built in 1935, Construction Materials: Frame
County/Parish: Fulton
Fixer
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Source: Public, 220 Volts
Negotiable
Building Details
Building Size
1,935 SF
Year Built
1935
Buildings
3
Listed By:
Ernest Cooper Jr. · License #146554
(864) 920-0303
Source:
Blackstreaminternational
Added: Jul 23
Changed: Oct 4
Last Checked: Oct 4 at 10:54AM
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 Ernest Cooper Jr.
Investment Insights
Based on property information with market context.
This mixed-use property comprises three buildings offered together as a single transaction. The improvements are currently being used as a residence, while the property is situated in a commercial area. Built in 1935, the asset is located at 2876 Church Street in East Point, Georgia, within ZIP code 30344. The listed property size is 1500.
Key Highlights
- Three buildings included in one sale
- Currently used as a residence
- Situated in a commercial area
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
$18,225
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
4.56%
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%
$364,500
$364.5K
Cap Rate 7%
$260,357
$260.4K
Cap Rate 9%
$202,500
$202.5K
Market Conditions
NOI Build-Up for 1,500 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
$32.4K $21.60/SF
− Vacancy
−$3.2K −$2.16/SF
EGI
$29.2K $19.44/SF
− OpEx
−$10.9K −$7.29/SF
NOI
$18.2K $12.15/SF
Area
Fulton County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$364,500
Cap Rate 7%
$260,357
Cap Rate 9%
$202,500
Alternative Uses
Best Use
Mixed Use
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.3K
$366.9K – $489.2K
NOI $29,352 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings convey together and are currently configured for residential use within a commercial area.
Where is this mixed-use property located?
The property is located at 2876 East Point, GA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three buildings included in one sale; Currently used as a residence; Situated in a commercial area
