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Property profile & analytics
FOR LEASE
Office buildings

1150 Spring St Northwest Atlanta, GA 30309

324,496 SF 1.09 ac lot Built 2021
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US22-2208795
Property summary
AI-generated overview

This exceptional restaurant opportunity is located within Novel Midtown, a dynamic 14-story, 340-unit luxury multifamily high-rise in the heart of Midtown Atlanta. The space offers approximately 3,234 square feet of shell space, perfect for a discerning restaurateur seeking a high-visibility location. A significant advantage is the inclusion of a large patio area, ideal for outdoor dining and creating a vibrant atmosphere. The restaurant will benefit from its strategic placement within the building, adjacent to a Land of a Thousand Hills integrated residential lobby cafe, ensuring a built-in customer base. Furthermore, its proximity to a Whole Foods Market and other new commercial, office, and retail developments guarantees high foot traffic and a thriving neighborhood environment. The building boasts 829 shared parking spaces in a convenient podium, addressing a key concern for both staff and patrons. Construction of the building was completed in 2022, with the first residential move-ins occurring in the third quarter of that year, providing immediate access to a substantial resident population. This is a rare chance to establish a flagship restaurant in a rapidly growing and affluent area of Atlanta. The space is currently available as a shell, allowing for complete customization to meet the specific needs and vision of the future tenant.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2021
Total area 324,496 SF
Lot 1.09 ac (47,524 SF)
Zoning code C4
APN 17 010700040671
UPID US22-2208795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 14th+Spring Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$19.24M
Owner & transaction history
Sri 1150 Spring Street Gp LLC · 1 yrs held
Sri 1150 Spring Street Gp LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
C4 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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