Signalized Corner Auto Shop
For Sale
$870,000
2410 Metropolitan Parkway SW, Atlanta, GA 30315
Commercial Sale, Atlanta, GA
Property Size3,464 SF
Lot Size1.21 Acres
Price / SF$251.15
Days on Market333
Property Features for 2410 Metropolitan Parkway SW
General Information
Property type
Residential
Property subtype
Retail
Zoning
MRC-2
Parking
50
Parking features
Parking Lot
Window features
Aluminum Frames
Interior features
Restrooms
Fencing
Chain Link
Lot features
Corner Lot, Level
View
City
Directions
85 South to Metropolitan Pkwy exit, turn right, Property on Right at the corner of Pegg Rd.
Standard status
Active
APN
14 009200010017
Size
3,464 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4988
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Built-Up
Listing Agency:
Realty Associates of Atlanta, LLC.
(404) 235-8900
Listed By:
Chris Prevost
(770) 545-9434
Added: Oct 1, 2025
Changed: Aug 19
Last Checked: Aug 29 at 9:06AM
MLS# 7659631
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto shop redevelopment property is situated on a corner lot at a signalized intersection of Metropolitan Parkway SW and Pegg Road. The site includes a former taxi business and auto repair facility, with interior restrooms and a concrete floor system. The existing structure is built with block construction and features a built-up roof. Parking is provided via a parking lot, and chain link fencing is present.
The property totals 1.205 acres with an approximately 3,500 SF building footprint. It is zoned MRC-2 for mixed-use redevelopment with high density and multi-family use, along with retail and residential. The site is located within a designated Tax Allocation District (TAD), which the City of Atlanta uses to provide potential development incentives.
Surrounding development includes a new 176-unit mixed-use apartment community under construction one block away, a newly built strip center with a gas station directly across the street, and nearby facilities including a Goodwill Donation Center and an Atlanta Police precinct. Utilities include public water and public sewer, with cable available.
The property totals 1.205 acres with an approximately 3,500 SF building footprint. It is zoned MRC-2 for mixed-use redevelopment with high density and multi-family use, along with retail and residential. The site is located within a designated Tax Allocation District (TAD), which the City of Atlanta uses to provide potential development incentives.
Surrounding development includes a new 176-unit mixed-use apartment community under construction one block away, a newly built strip center with a gas station directly across the street, and nearby facilities including a Goodwill Donation Center and an Atlanta Police precinct. Utilities include public water and public sewer, with cable available.
Key Highlights
- Signalized corner location at Metropolitan Parkway SW and Pegg Road
- 1.205‑acre lot with approximately 3,500 SF existing auto shop building
- Zoned MRC‑2 for mixed‑use with high density, multi‑family, retail, and residential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,373
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,460
$807.5K
Cap Rate 7%
$576,757
$576.8K
Cap Rate 9%
$448,589
$448.6K
Market Conditions
NOI Build-Up for 3,464 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.4K $18.00/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$57.7K $16.65/SF
− OpEx
−$17.3K −$5.00/SF
NOI
$40.4K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$807,460
Cap Rate 7%
$576,757
Cap Rate 9%
$448,589
Alternative Uses
Best Use
Retail
$576.8K
$504.7K – $672.9K
NOI $40,373 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$285.7K
$250.0K – $333.4K
NOI $20,002 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$968.3K
$847.3K – $1.13M
NOI $67,782 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pitstop Auto Repair — 2767 Metropolitan Pkwy SW, Atlanta, GA 30315
- Auto Concepts Collision & Cycl — 2765 Metropolitan Pkwy SW, Atlanta, GA 30315
- Alan auto repair — 2784 Metropolitan Pkwy SW, Atlanta, GA 30315
- T&D Auto Repair & Body Shop — 2659 Sylvan Rd, East Point, GA 30344
- ATM (Chevron) — 757 Cleveland Ave SW B, Atlanta, GA 30315
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair redevelopment site on a signalized corner, zoned MRC-2 for mixed-use, retail, and residential development.
Where is this auto shop located?
The property is located at 2410 Metropolitan Parkway SW Atlanta, GA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Signalized corner location at Metropolitan Parkway SW and Pegg Road; 1.205‑acre lot with approximately 3,500 SF existing auto shop building; Zoned MRC‑2 for mixed‑use with high density, multi‑family, retail, and residential
