500 Bishop StAtlanta, GA 30318

  • Mixed-use properties
  • 19,750 SF
For Lease
$19.50/SF/YR View listing

Property Details for 500 Bishop St

Year built
1985
Construction
WOOD
Lot size
1.65 AC
Property size (Sq ft)
19,750 SF
Zone code
I1
Property type
Mixed-use properties
Property subtype
Other investment properties
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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,901,014
    6.5%
    $3,600,936
    7%
    $3,343,726
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,450,372
    Geo Method
    $3,852,435
  • Alternative Use

    Use
    Valuation
    Residential
    $4,465,161
    Hospitality
    $4,090,064
    Educational
    $3,402,885
    Medical
    $3,519,915
    Retail
    $5,293,376
500 Bishop St, Atlanta, Georgia

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7917
Longitude
-84.4045
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
-
$431,240
$1,493,160
$1,924,400
-
$1,078,100
$3,732,900
$4,811,000

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