End-Unit Retail
For Sale
$375,000
R113-2030 Main St Nw, Atlanta, GA 30349
Ground-floor commercial condo with walkway access to parking and street parking directly in front.
Property Size1,136 SF
Price / SF$330.11
Days on Market654
Property Features for R113-2030 Main St Nw
General Information
Standard status
Active
Size
1,136 SF
Additional Details
Floor
Ground
End Cap
Yes
Listing Agency:
Keller Williams Realty Buckhead
Listed By:
Keith Sharp
(678) 778-8774
Source:
Exprealty
Added: Nov 15, 2024
Changed: Aug 30
Last Checked: Aug 30 at 8:07PM
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 Keller Williams Realty Buckhead
Investment Insights
Based on property information with market context.
This 1,136-square-foot commercial condominium occupies a separate ground-floor space in a brand-new mixed-use building. The end unit is positioned beside a parking-lot walkway, with street parking directly along the frontage. Its open retail or office configuration supports a range of storefront-oriented commercial uses.
Residential condominiums are located above the commercial units and have rear access, keeping the street-level space distinct. The One Riverside complex sits at the corner of Main Street and Hollywood Road, with Unit 113 located in Building 100 facing Hollywood Road. The property offers an ownership opportunity for an operator or commercial condo landlord.
Residential condominiums are located above the commercial units and have rear access, keeping the street-level space distinct. The One Riverside complex sits at the corner of Main Street and Hollywood Road, with Unit 113 located in Building 100 facing Hollywood Road. The property offers an ownership opportunity for an operator or commercial condo landlord.
Key Highlights
- 1,136 SF commercial condo
- Ground‑floor end unit beside a parking‑lot walkway
- Street parking directly in front of the space
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
$13,240
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
3.53%
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%
$264,800
$264.8K
Cap Rate 7%
$189,143
$189.1K
Cap Rate 9%
$147,111
$147.1K
Market Conditions
NOI Build-Up for 1,136 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
$20.4K $18.00/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$18.9K $16.65/SF
− OpEx
−$5.7K −$5.00/SF
NOI
$13.2K $11.66/SF
Area
ZIP 30349
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$264,800
Cap Rate 7%
$189,143
Cap Rate 9%
$147,111
Alternative Uses
Best Use
Retail
$189.1K
$165.5K – $220.7K
NOI $13,240 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.0K
$279.1K – $372.2K
NOI $22,329 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor commercial condo with walkway access to parking and street parking directly in front.
Where is this retail space located?
The property is located at R113-2030 Main St Nw Atlanta, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,136 SF commercial condo; Ground‑floor end unit beside a parking‑lot walkway; Street parking directly in front of the space
