Freestanding Auto
For Sale
$480,000
1200 Central Avenue, Atlanta, GA 30344
Atlanta, GA
Property Size5,332 SF
Lot Size0.23 Acres
Price / SF$90.02
Days on Market59
Property Features for 1200 Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.23 Acres
Building Details
Year built
1954
Listing Agency:
Engel & Volkers Atlanta · Engel & Völkers
(404) 845-7724
Listed By:
Tamie Pettaway · License #252740
(678) 873-4030
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 14 at 9:06PM
MLS# 7785777
Copyright © 2026 Engel & Völkers. 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 freestanding commercial building occupies approximately 0.23 acres and dates to 1954. Its prior use included audio and auto repair, and the property is being sold as-is.
The site is near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access.
The site is near Hartsfield-Jackson Atlanta International Airport, Downtown Atlanta, major interstates, and MARTA access.
Key Highlights
- Approximately 0.23‑acre site
- Built in 1954
- Previously used for audio and auto repair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,386
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,720
$747.7K
Cap Rate 7%
$534,086
$534.1K
Cap Rate 9%
$415,400
$415.4K
Market Conditions
NOI Build-Up for 5,332 SF
Gross rent
$48.2K $9.04/SF
− Vacancy
−$4.2K −$0.79/SF
EGI
$44.0K $8.25/SF
− OpEx
−$6.6K −$1.24/SF
NOI
$37.4K $7.01/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,720
Cap Rate 7%
$534,086
Cap Rate 9%
$415,400
Alternative Uses
Best Use
Retail
$887.8K
$776.8K – $1.04M
NOI $62,144 @ 7.0% cap · market cap 12.95%
Second Best
Warehouse
$534.1K
$467.3K – $623.1K
NOI $37,386 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,335 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30344, GA
35,365
Population
17,586
Households
2
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
12.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$59,647
Median Household Income
$42,108
Median Earnings
$1,315
Median Rent
$240,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Auto shop - The building previously served audio and vehicle repair operations and is being sold in as-is condition.
Where is this auto shop located?
The property is located at 1200 Central Avenue Atlanta, GA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Approximately 0.23‑acre site; Built in 1954; Previously used for audio and auto repair
