Flex
New
For Sale
$5,250,000
1299 Collier Road NW, Atlanta, GA 30318
Located in Atlanta’s Upper Westside, the property is surrounded by industrial uses and adaptive-reuse projects.
Property Size13,841 SF
Days on Market2
Property Features for 1299 Collier Road NW
General Information
Standard status
Active
Size
13,841 SF
Property subtype
Industrial
Building Details
Building Size
13,841 SF
Year Built
1963
Listing Agency:
Lee & Associates
Listed By:
Bobby Littman
(720) 999-5734
Source:
Lee-associates
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:44AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This flex-space property in Atlanta’s Upper Westside was built in 1963. The available information identifies the asset type and construction year, without detailing its layout or building features.
The surrounding area includes industrial and manufacturing users along Collier Road, Seaboard Industrial Boulevard, and Marietta Boulevard, as well as adaptive-reuse projects and newer multifamily and mixed-use development. The Works is a prominent district project with retail, restaurants, office, and residential components. Howell Mill Road, I-75, Midtown, and Buckhead are described as minutes away.
The surrounding area includes industrial and manufacturing users along Collier Road, Seaboard Industrial Boulevard, and Marietta Boulevard, as well as adaptive-reuse projects and newer multifamily and mixed-use development. The Works is a prominent district project with retail, restaurants, office, and residential components. Howell Mill Road, I-75, Midtown, and Buckhead are described as minutes away.
Key Highlights
- Built in 1963
- Located in Atlanta’s Upper Westside
- Nearby industrial and manufacturing users along Collier Road, Seaboard Industrial Boulevard, and Marietta Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,838
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,536,760
$3.5M
Cap Rate 7%
$2,526,257
$2.5M
Cap Rate 9%
$1,964,867
$2.0M
Market Conditions
NOI Build-Up for 13,841 SF
Gross rent
$299.0K $21.60/SF
− Vacancy
−$26.9K −$1.94/SF
EGI
$272.1K $19.66/SF
− OpEx
−$95.2K −$6.88/SF
NOI
$176.8K $12.78/SF
Area
ZIP 30318
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,536,760
Cap Rate 7%
$2,526,257
Cap Rate 9%
$1,964,867
Alternative Uses
Best Use
Flex RnD
$2.53M
$2.21M – $2.95M
NOI $176,838 @ 7.0% cap · market cap 3.37%
Second Best
Industrial
$1.11M
$967.6K – $1.29M
NOI $77,404 @ 7.0% cap · market cap 1.47%
Theoretical Best
Office A
$3.87M
$3.39M – $4.51M
NOI $270,836 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
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 Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Flex space - Located in Atlanta’s Upper Westside, the property is surrounded by industrial uses and adaptive-reuse projects.
Where is this flex space located?
The property is located at 1299 Collier Road NW Atlanta, GA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Built in 1963; Located in Atlanta’s Upper Westside; Nearby industrial and manufacturing users along Collier Road, Seaboard Industrial Boulevard, and Marietta Boulevard
