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Acre
01 / 08
PendingRetail

$4,240,000

523 N Highland Ave NE

Virginia-Highland · Atlanta, GA 30308

$420/sq ft29 days on market1.2K views73 saves

Key facts

Interior
10,100 sq ft
Lot
0.44 acres
Year built
2019
Property type
Retail
Price / sq ft
$420/sq ft
Annual taxes
$39,010
Days on market
29

Getting around

Walk Score67

Somewhat Walkable

Transit Score53

Good Transit

Bike Score61

Bikeable

About this property

Investors have been asking for Virginia-Highland product at this basis for two years. Drive-Thru and anchored center make the space genuinely functional rather than merely leasable. Offers reviewed as received.

Investment summary

Investment summary

Cap rate

5.70%

Net operating income ÷ price

Net operating income

$241,680

Annual, after operating expenses

Cash-on-cash

−0.3%

$4,395 annual shortfall on $1,272,000 equity

Occupancy90%

9,090 sq ft leased of 10,100 sq ft

Tenants
2
Rentable area
10,100 sq ft
Price / sq ft
$420/sq ft
WALE
8.0 yrs
Lease type
NNN
Building class
Class A
Zoning
CG-1
Parking
44 spaces

Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $246,075 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.

Features & amenities

Features & finishes

  • Drive-Thru
  • Anchored Center
  • Highway Frontage
  • Corner Visibility
  • Below-Market Rents
  • Build-to-Suit Ready
  • NNN Leases in Place
  • 24/7 Card Access

Price history

Every listing event recorded for this property.

  • Listed
  • Pending
  • Sold
Price history across 3 events: $2,249,000 to $4,240,000, up 88.5 percent.
DateEventPrice
2018-01-03Sold$2,249,000
2026-06-26Listed$4,240,000
2026-07-22Pending$4,240,000

Location

Virginia-Highland, Atlanta — Fulton County

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Approximate location · Virginia-Highland

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Estimated monthly

$25,705/mo

  • Principal & interest83%$21,217
  • Property tax13%$3,251
  • Home insurance5%$1,237

An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.

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Loan amount $3,392,000 · 30 yr · 6.40%