Property profile

1240 Highway 138 Southwest Riverdale, GA 30296

FOR LEASE
Strip malls
Property ID
US22-0120799
10,020 SF 1.38 ac lot Built 2002
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Offered for sublease is a ±15,641 square foot office space, encompassing the entire ninth floor of a Class A high-rise building. This exceptional space boasts a coveted downtown location, providing unparalleled convenience and accessibility. The building itself offers a range of amenities for tenants, including a high-quality on-site restaurant and a deli, ensuring convenient dining options. Security personnel are also present within the building, providing peace of mind. The office space features a high-end build-out, completed in 2020, and remains in pristine, like-new condition. The current configuration is ideal for a single tenant, but the space offers the potential for subdivision to accommodate varying business needs. Furniture is available, allowing for a seamless "plug and play" transition for new occupants. This sublease opportunity presents a unique chance to secure a prestigious address in a prime location with a long-term lease, extending until January 31st, 2031. The space is perfect for a company seeking a move-in ready, fully equipped office environment in the heart of the city. The building's amenities and the high-quality finish of the space combine to create an exceptional work environment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2002
Total area 10,020 SF
Lot 1.38 ac (60,113 SF)
Zoning code PUD
APN 13-200B- B-055
UPID US22-0120799

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • (Bike/Boat/Book/etc) Store

Location

1240 Highway 138 Southwest Riverdale, GA 30296
Riverdale metro Census 40527 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$310k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Riverdale, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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