New Industrial Project in
For Sale
$710,000
161 Fritz Mar Lane #400 BUILDING, Athens, GA 30607
New industrial project featuring shell buildings for sale.
Property Size4,000 SF
Lot Size3.19 Acres
Price / SF$177.50
Days on Market552
Property Features for 161 Fritz Mar Lane #400 BUILDING
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$878
Amenities
Metal Roof
Concrete Flooring
Industrial Park
Parking Lot
Paved
Building Details
Year Built
2025
Listing Agency:
Keller Williams Greater Athens
(706) 255-4161
Listed By:
Brittany Purcell · License #324606
(706) 389-0771
Source:
Corcoran
Added: Apr 10, 2025
Changed: Aug 9
Last Checked: Aug 25 at 4:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Athens
Investment Insights
Based on property information with market context.
The industrial project at 161 Fritz Mar Lane features multiple buildings, including a 4,000-square-foot building. Zoned "I" and located in the ACC TAD district, this property offers shell buildings for sale, with build-to-suit and lease options available. The described listing is for a turn-key shell building, specifically building 400 in the site plan. The shell building features metal construction with a brick front, two front entry doors, and two dock-high roll-up doors. The building will be insulated and include a 4" sewer stub, a 3/4" water line, and electrical service with a meter base. Sidewalks and roads have been developed, and landscaping will be installed. Interior plumbing, electrical, and HVAC are not included. Buildings 200, 300, and 600 are currently under construction, with the building potentially ready by year-end.
Key Highlights
- New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.
- Turn‑key shell building available (4000 sq ft), metal construction with brick front.
- Includes 2 front entry doors and 2 dock‑high roll‑up doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,363
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
$587.3K
Cap Rate 7%
$419,471
$419.5K
Cap Rate 9%
$326,256
$326.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$37.9K $9.48/SF
− Vacancy
−$3.4K −$0.84/SF
EGI
$34.5K $8.64/SF
− OpEx
−$5.2K −$1.30/SF
NOI
$29.4K $7.34/SF
Area
Athens, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
Cap Rate 7%
$419,471
Cap Rate 9%
$326,256
Alternative Uses
Best Use
Warehouse
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30607, GA
11,383
Population
4,504
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
37.2 sq mi
ZIP Area
306
Density / Sq Mi
$63,727
Median Household Income
$35,972
Median Earnings
$1,012
Median Rent
$235,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - New industrial project featuring shell buildings for sale.
Where is this warehouse located?
The property is located at 161 Fritz Mar Lane #400 BUILDING Athens, GA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.; Turn‑key shell building available (4000 sq ft), metal construction with **brick front**.; Includes 2 front entry doors and **2 dock‑high roll‑up doors**.
