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Property profile & analytics
FOR LEASE
Office buildings
590 Means St Atlanta, GA 30318
Entity Owned
10-yr Hold
Free & Clear
Property ID
US22-1164585
For Lease
1 / 27
$37.50 SF/Yr
590 Means St, Atlanta, GA 30318
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Property summary
AI-generated overview
This exceptional West Midtown Atlanta office property, Carriage Works (Building 590), offers 40,552 square feet of creative office space in a historic building. Originally constructed in 1940 and extensively renovated in 2014, this two-story Class B building boasts a unique loft-office environment. Located just two blocks from Georgia Tech in the vibrant West Midtown/GA Tech submarket of Fulton County, the property features a minimum divisible space of 1,030 square feet and a maximum contiguous space of 7,180 square feet. Currently, 14,546 square feet is available. The property sits on 2.25 acres and includes elevators and ample parking (3 spaces per 1,000 square feet). This adaptive reuse project offers a distinctive blend of historical charm and modern functionality, making it an ideal location for businesses seeking a unique and inspiring workspace. The property's central location provides easy access to Georgia Tech, major transportation routes, and the amenities of Midtown Atlanta. This is a rare opportunity to lease space in a highly sought-after location with a rich history.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Construction
WOOD
Total area
17,000 SF
Lot
5.52 ac (240,451 SF)
Zoning code
I2
APN
14 008100070634
UPID
US22-1164585
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
-
Radius Online Advertising Agency Marketing & Advertising
-
Radical Design Co Consultant Design Agency
-
Colossal Construction Company LLC Construction Company
-
RocketLevel Marketing & Advertising
-
FlightBridge, LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.74M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.20M
Owner & transaction history
Scg Carriage Works LLC · 10 yrs held
Scg Carriage Works LLC
since 2016
3 recorded transactions
Zoning & alternative use
I2 · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlanta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlanta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,045,000
6.5%
$3,735,000
7%
$3,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,345,000
Current use
WAREHOUSE, STORAGE
$5,685,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,340,000
Change: -16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,305,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$405,523
Tax year 2023
Assessed value
$9,795,240
Assessed 2023
Previous assessed
$9,795,240
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$1,192,320
Assessed improvement
$8,602,920
Land market value
$2,980,800
Improvement market value
$21,507,300
Total market value
$24,488,100
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1920
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Total area
17,000 SF
Lot
5.52 ac (240,451 SF)
Zoning code
I2
APN
14 008100070634
UPID
US22-1164585
Jurisdiction
FULTON
Zoning & alternative use
I2 · Atlanta, GA
Zoning I2 · permitted uses
I2 · Atlanta, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlanta. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
5.52 ac
Current owner
From public records · entity-resolved
Scg Carriage Works LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3550 LENOX RD NE STE #2000, ATLANTA, GA 30326-1811
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2016
$27,000,000
Scg Carriage Works LLC
Carriage House Associates LP
Grant Deed
related
—
Jul 21, 2006
—
Hands On Atlanta INC
Carriage House Associates
Quit Claim Deed
related
$3,025,775 · Wachovia Bk/ga
—
—
Hands On Atlanta INC
—
Deed Of Trust
related
$750,000 · Wachovia Bk/ga
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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