Pending
$7,685,000
6.5% cap · 24,720 sq ft RBA · Class B
8204 DeKalb Ave NE
Atlanta, GA 30308
Listed 3 months ago$311/sq ft
01 / 07
Price cut −7%Open Jul 26, 2026For SaleRetail
$7,685,000
5645 Memorial Dr SE
Inman Park · Atlanta, GA 30307
$270/sq ft208 days on market4.2K views257 saves
Key facts
- Interior
- 28,480 sq ft
- Lot
- 1.60 acres
- Year built
- 1990
- Property type
- Retail
- Price / sq ft
- $270/sq ft
- Annual taxes
- $70,700
- Days on market
- 208
Getting around
Walk Score76
Very Walkable
Transit Score48
Some Transit
Bike Score59
Bikeable
About this property
Built in 1990 and capitalized properly since, this retail property needs no immediate capital. 6 tenants spread the credit risk, and the Ground Lease structure limits landlord exposure. A rare basis in Inman Park at this quality tier.
Investment summary
Investment summary
Cap rate
6.80%
Net operating income ÷ price
Net operating income
$522,580
Annual, after operating expenses
Cash-on-cash
+3.3%
$76,569 annual cash flow on $2,305,500 equity
Occupancy78%
22,214 sq ft leased of 28,480 sq ft
- Tenants
- 6
- Rentable area
- 28,480 sq ft
- Price / sq ft
- $270/sq ft
- WALE
- 8.2 yrs
- Lease type
- Ground Lease
- Building class
- Class B
- Zoning
- NS-1
- Parking
- 124 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $446,011 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Parking & Access
- On-Site Parking
Highlights
- Corner Visibility
- Drive-Thru
- Anchored Center
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2014-10-22 | Sold | $6,538,000 |
| 2025-12-29 | Listed | $8,301,000 |
| 2026-03-12 | Price cut | $7,685,000 |
Location
Inman Park, Atlanta — Fulton County
Loading map
Approximate location · Inman Park
Open full mapEstimate your monthly payment
Payment calculator
Estimated monthly
$46,589/mo
- Principal & interest83%$38,456
- Property tax13%$5,892
- Home insurance5%$2,242
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.
$
$
%
%
Term
$
$
$
Loan amount $6,148,000 · 30 yr · 6.40%
More like this
Pending
$9,260,000
6.5% cap · 22,560 sq ft RBA · Class B
6519 Piedmont Ave NE
Atlanta, GA 30309
Listed 5 weeks ago$410/sq ft
Open Sun
$7,485,000
6.8% cap · 16,510 sq ft RBA · Class B
1406 DeKalb Ave NE
Atlanta, GA 30309
Listed 4 weeks ago$453/sq ft
Sold
$6,755,000
6.9% cap · 21,460 sq ft RBA · Class B
6840 Memorial Dr SE
Atlanta, GA 30312
Listed 3 months ago$315/sq ft
Coming Soon
$6,495,000
7.9% cap · 25,930 sq ft RBA · Class B
5713 Piedmont Ave NE
Atlanta, GA 30308
Listed today$250/sq ft
Pending
$7,325,000
8.0% cap · 34,060 sq ft RBA · Class B
1577 N Highland Ave NE
Atlanta, GA 30309
Listed 5 weeks ago$215/sq ft
