161 Fritz Mar Lane 400 BUILDING Athens, GA 30607
Turn-key shell building available in a thriving commercial development.
Property Features for 161 Fritz Mar Lane 400 BUILDING
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2025
Listing office Keller Williams Greater Athens (706) 389-0771
Listing date Apr 11, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- New industrial project in Athens Clarke County, zoned "I" and in the ACC TAD district.
- Turn‑key 4000 sq ft shell building (Building 400) available for immediate purchase.
- Includes 2 front entry doors and 2 dock‑high roll‑up doors.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $9.48 |
| − Vacancy | −$3.4k | −$0.84 |
| EGI | $34.5k | $8.64 |
| − OpEx | −$5.2k | −$1.30 |
| NOI | $29.4k | $7.34 |