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Property profile & analytics
FOR LEASE
Commercial real estate

741 Piedmont Ave NE Atlanta, GA 30308

7,479 SF 0.22 ac lot Built 1920
Property ID
US22-1458307
Property summary
AI-generated overview

This exceptional three-story, 7,479 square foot traditional office building at 741 Piedmont Ave NE, Atlanta, GA 30308, presents a unique owner-user investment opportunity. Built in 1920 and extensively renovated in 2021, including a new roof and HVAC system, this Class B property boasts 95% occupancy with a lease expiration date of August 23, 2024. The building sits on a 0.22-acre lot and features multiple tenant spaces, generating over $20,000 in monthly income from gross leases. The flexible layout allows an owner-user to occupy a portion of the space while continuing to lease the remaining area to existing tenants. Each floor offers independent access, providing privacy for an owner-occupier. The main floor includes six offices, reception, a conference room, two bathrooms, a kitchenette, and storage. The upper floor contains seven offices, one bathroom, and a kitchenette. The lower level offers nine offices, two bathrooms, a waiting room, a kitchenette, and storage. Month-to-month parking leases provide additional revenue streams. The building benefits from prominent Piedmont Avenue signage and high daily traffic counts (13,300 average). A rent roll is available upon request with a signed confidentiality agreement. The asking price is $2,585,000 ($345.63/sq ft).

Property profile
Verified
Property type Commercial real estate
Year built 1920
Total area 7,479 SF
Lot 0.22 ac (9,583 SF)
UPID US22-1458307
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
  • Beneficial Therapeutics Massage Alternative Medicine Practice Spa & Massage Center
  • MylanMassages LLC. Alternative Medicine Practice Spa & Massage Center
  • Barbara A. Thomason, PHD Physician Medical Clinic
  • Dr. Ketan Patel Physician
  • Atlanta Body Centered Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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