Property profile

1805 Piedmont NE Ave Atlanta, GA 30324

OFF-MARKET
Retail space
Property ID
US22-0809446
1,800 SF 0.24 ac lot Built 1969
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,000 square foot office building presents a rare investment opportunity on Atlanta's coveted Piedmont Avenue corridor. Situated on a 0.279-acre lot (APN 17-0051-0001-047-2) in Fulton County's Commercial Service District (C-2), this property boasts 16 parking spaces and 48 feet of frontage along Piedmont Avenue. A conceptual plan outlines a two-tenant building, maximizing space and functionality. The property's acceptance into Georgia EPD's Brownfield Program ensures a swift and cost-effective remediation process (estimated at +/- 3 months), eliminating environmental concerns and offering significant property tax credit benefits. This prime location benefits from high visibility, strong retail surroundings, and exceptional accessibility, with approximately 23,000 vehicles passing daily on I-85 nearby. The surrounding 1-mile radius demonstrates a robust demographic profile, featuring a median household income of $95,000 and a 35% growth rate since 2010. This build-to-suit or site acquisition opportunity is ideal for investors seeking a high-return property in a thriving Atlanta location. The asking price is $995,000. The property is zoned for multi-tenant occupancy and is classified as both Executive and Traditional Office space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction WOOD
Total area 1,800 SF
Lot 0.24 ac (10,280 SF)
Zoning code C2
APN 17 005100010472
UPID US22-0809446

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
  • (Bike/Boat/Book/etc) Store

Location

1805 Piedmont NE Ave Atlanta, GA 30324-5214
Atlanta metro Census 201 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2022
Last sale
$475,000
3 recorded transactions
2023
Price N/A
2022
$475,000
1969
Price N/A

Zoning & alternative use

C2 · Atlanta, 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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