Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    500 Bishop St Atlanta, GA 30318

    • Investment properties
    • 19,750 SF
    • 1.65 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    $375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1455463
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kelsey Edwards Photography / Photographer
    • STK Property Group / Real Estate Agency
    • 360 Collaborative Space / Event Venue
    • BAA Mechanical Engineers Inc / Engineering Consultant
    • Gotham Sound Atlanta / Audio Visual Equipment Supplier / Audiovisual Equipment Rental Service

    Property Details for 500 Bishop St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.65 lot acres
    Property size
    19,750 SF
    Zone code
    I1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17 0148 LL0305
    APU
    170148LL0305

    Description

    This newly renovated 2,067 sq ft loft-style office suite at 500 Bishop St NW, Atlanta, GA 30318, is located in the Atlanta Westside submarket of Fulton County. The space features a large open area ideal for studios, complemented by three private offices perfect for focused work or confidential meetings. High ceilings and a blend of hardwood and concrete flooring create a sleek, open feel. The suite includes two bathrooms (one with a shower), a large kitchen and break area, and a built-in cyc wall. The base rent is $21 per annual square foot, with CAM charges of $4.97 per annual square foot. Four assigned parking spaces are included directly in front of the suite entrance. Additional parking is available in a nearby lot for $50 per month. The property is suitable for office tenants only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.4045
    Latitude
    33.7917
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $431,240
    $1,493,160
    $1,924,400
    -
    $1,078,100
    $3,732,900
    $4,811,000

    Comparable in this City

    • Value Estimation
      $6,285,000
      44,339 SF

      2333 Defoor Hls NW Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 44,339 SF
      2333 Defoor Hls NW Rd, Atlanta, GA 30318-2207
      View Details
    • Value Estimation
      $400,000
      0.26 Acres

      2030 Main NW St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.26 Acres
      2030 Main NW St, Atlanta, GA 30318-1876
      View Details
    • Value Estimation
      $2,660,000
      12,408 SF

      1325 Logan NW Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 12,408 SF
      1325 Logan NW Cir, Atlanta, GA 30318-2858
      View Details
    • Value Estimation
      $240,000
      9,790 SF

      1611 Perry NW Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,790 SF
      1611 Perry NW Blvd, Atlanta, GA 30318-4047
      View Details
    • Value Estimation
      $230,000
      1,080 SF

      1720 Defoor NW Pl

      OFFICE/RESIDENTIAL (MIXED USE) • 1,080 SF
      1720 Defoor NW Pl, Atlanta, GA 30318-3709
      View Details
    • Value Estimation
      $1,070,000
      48,967 SF

      1850 Macarthur NW Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 48,967 SF
      1850 Macarthur NW Blvd, Atlanta, GA 30318-2024
      View Details

    Similar Nearby for Sale

    • $475,000
      2,200 SF

      Live/Work Townhouse with Storefront Office

      Luxury townhome with storefront office in historic Riverside.
      2030 Main St NW, Atlanta, GA 30318
      View Details
    • $4,450,000
      11,500 SF

      Woodmont Lane Office Building

      Atlanta Office Building, 11,500 SF
      1431 Woodmont Ln, Atlanta, GA 30318
      View Details
    • New
      $2,520,000
      3,987 SF

      Luxury Atlanta Townhomes with City Views

      New luxury townhomes near Georgia Tech and Atlantic Station.
      1205 Holly St NW, Atlanta, GA 30318
      View Details
    • $1,750,000
      1.36 Acres

      Atlanta Mixed-Use Development Opportunity

      Bolton Road assemblage: 1.36 acres, 120,000 SF potential
      2360 Bolton Rd, Atlanta, GA 30318
      View Details
    • $2,495,000
      6,020 SF

      Atlanta Multifamily Investment

      Prime Atlanta property, 6,020 sq ft, R-5 zoning.
      1076 Longley Ave, Atlanta, GA 30318
      View Details
    • Contact for pricing
      0.89 Acres

      Prime Atlanta Bishop Street Property

      0.89-acre development site, I-1 zoning.
      489 Bishop St, Atlanta, GA 30318
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      6,979 SF

      King Plow Arts Center Office Space

      West Midtown Atlanta Creative Office for Lease
      981 Joseph E Lowery Blvd, Atlanta, GA 30318
      View Details
    • Contact for pricing

      Atlanta Commercial Land - 3.35 Acres

      Prime Atlanta land, C-1 zoning, ideal for development.
      2790 Donald Lee Hollowell Pkwy, Atlanta, GA 30318
      View Details
    • $19 SF/Yr
      2,654 SF

      Westside Atlanta Loft Office Suite

      Modern Loft Office, Prime Westside Location
      500 Bishop St, Atlanta, GA 30318
      View Details
    • $30 SF/Yr
      2,330 SF

      Defoor Place Executive Office Space

      Prime Upper Westside Office/Retail Opportunity
      1720 De Foor Pl, Atlanta, GA 30318
      View Details
    • $18 SF/Yr

      West Midtown Restaurant Space

      Turnkey Commercial Kitchen, High-Demand Area
      800 Forrest St, Atlanta, GA 30318
      View Details
    • $26 SF/Yr
      256,000 SF

      King Plow Arts Center Office Space

      Atlanta Creative Office Suites Available
      887 Marietta St, Atlanta, GA 30318
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Bishop St
    Atlanta, GA 30318
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.