500 Bishop StAtlanta, GA 30318

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

Investment properties

Property subtype

Live-work space

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

• 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

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

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