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New Industrial Project in Athens

161 Fritz Mar Lane 400 BUILDING Athens, GA 30607

161 Fritz Mar Lane 400 BUILDING, Athens, GA, 30607
$710,000
For Sale
Claim this Listing
$710,000

Turn-key shell building available in a thriving commercial development.

Property Size4,000 SF
Price / SF$177.50
AddedApr 11, 2025
Days on Market462
Last RefreshJul 16 at 8:06 am

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

Listing date Apr 11, 2025

Source Exitrealty

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.

Located in Athens Clarke County, 161 Fritz Mar is a new industrial project zoned "I" in the ACC TAD district. The development includes five 4000 sq ft buildings and one 7200 sq ft building divided into two units. This listing is for a turn-key shell building, specifically building 400, offering 4000 sq ft of space. 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 includes 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 by the seller. Interior plumbing, electrical, and HVAC are not included. Buildings 200, 300, and 600 are currently under construction, with building 400 expected to be delivered by year-end.

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
4,000 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$419.5K
$367.0K – $489.4K (±1% cap)
NOI $29,363 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$348.1K
$304.6K – $406.1K (±1% cap)
NOI $24,367 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M (±1% cap)
NOI $67,500 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Real Estate Agency Auto Repair Shop Garden Center Dental Office Carpet & Flooring Store Restaurant Cafe & Coffee Shop Gym & Fitness Center Grocery & Convenience Store Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Warehouse - Turn-key shell building available in a thriving commercial development.
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" 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.
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