Freestanding Brewery
New
For Sale
$1,743,076
150 Crane Drive, Athens, GA 30606
Commercial Sale, Athens, GA
Property Size17,000 SF
Lot Size1.37 Acres
Price / SF$102.53
Days on Market4
Property Features for 150 Crane Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Standard status
Active
APN
073 015E
Size
17,000 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Annual Amount
21400
Building Details
Year built
1987
Flooring type
Stone
Roof type
Flat
Listing Agency:
Auction Management Corporation
(770) 980-9565
Listed By:
Julian Howell
Added: Aug 27
Changed: Aug 29
Last Checked: Aug 30 at 6:06AM
MLS# 11953759
Copyright © 2026 My State MLS. 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, single-story brewery facility contains approximately 17,000+/- square feet on 1.37+/- acres. The building was constructed in 1987 and renovated in 2017, with stone flooring, a flat roof, indoor and outdoor seating areas, and on-site parking. Brewery and restaurant/taproom equipment may be purchased with the real estate or separately.
The property is located just off Atlanta Highway in Athens-Clarke County and is adjacent to the 75+/- acre Georgia Square Mall site. It is served by Athens-Clarke County water and sewer and carries G-C, General Commercial zoning. The zoning supports brewery, restaurant, event venue, food-and-beverage production, retail, office, and flex commercial uses.
The property is located just off Atlanta Highway in Athens-Clarke County and is adjacent to the 75+/- acre Georgia Square Mall site. It is served by Athens-Clarke County water and sewer and carries G-C, General Commercial zoning. The zoning supports brewery, restaurant, event venue, food-and-beverage production, retail, office, and flex commercial uses.
Key Highlights
- 17,000+/- SF freestanding, single‑story commercial building
- 1.37+/- acres with on‑site parking and indoor and outdoor seating areas
- Built in 1987 and renovated in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,071,220
$2.1M
Cap Rate 7%
$1,479,443
$1.5M
Cap Rate 9%
$1,150,678
$1.2M
Market Conditions
NOI Build-Up for 17,000 SF
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.
Gross rent
$161.2K $9.48/SF
− Vacancy
−$13.2K −$0.78/SF
EGI
$147.9K $8.70/SF
− OpEx
−$44.4K −$2.61/SF
NOI
$103.6K $6.09/SF
Area
Athens, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,071,220
Cap Rate 7%
$1,479,443
Cap Rate 9%
$1,150,678
Alternative Uses
Best Use
Specialty Retail
$3.62M
$3.17M – $4.22M
NOI $253,368 @ 7.0% cap · market cap 14.54%
Second Best
Industrial
$1.48M
$1.29M – $1.73M
NOI $103,561 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $286,873 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Single-story facility with brewery, dining, taproom, and outdoor seating improvements.
Where is this brewery located?
The property is located at 150 Crane Drive Athens, GA.
What is the asking price?
The asking price for this property is $1,743,076.
What are key features of this property?
This property features: 17,000+/- SF freestanding, single‑story commercial building; 1.37+/- acres with on‑site parking and indoor and outdoor seating areas; Built in 1987 and renovated in 2017
