New Industrial Project in
161 Fritz Mar Ln Athens, GA 30607
For Sale
Contact for pricing
New industrial project with shell buildings for sale in Athens.
Property Size4,000 SF
Price / SF$178
Days on Market631
Property Features for 161 Fritz Mar Ln
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing Agency:
Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE
(706) 389-0771
Listed By:
Alexander Purcell · License #GA 394288
Source:
Crexi
Added: Nov 1, 2024
Changed: Jul 6
Last Checked: Jul 23 at 2:51PM
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 Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE
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 project includes five 4,000 sq ft buildings and one 7,200 sq ft building divided into two units. This listing is for a turn-key shell building with 4,000 sq ft (building 500 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 buildings are insulated and include a 4" sewer stub, a 3/4" water line, and electrical service with a meter base. Sidewalks and landscaping will be developed by the seller. Interior plumbing, electrical, and HVAC are not included. The property is currently under construction and is expected to be delivered by year-end.
Key Highlights
- New industrial project in Athens Clarke County with 'I' zoning and ACC TAD district benefits.
- Turn‑key 4000 sq ft shell building (Building 500) available for immediate build‑out.
- Metal construction with brick front, 2 front entry doors, and 2 dock‑high roll‑up doors.
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
NOI $29,363 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - New industrial project with shell buildings for sale in Athens.
Where is this warehouse located?
The property is located at 161 Fritz Mar Ln Athens, GA.
What is the asking price?
The asking price for this property is $712,000.
What are key features of this property?
This property features: New industrial project in Athens Clarke County with 'I' zoning and ACC TAD district benefits.; Turn‑key **4000 sq ft shell building (Building 500) available for immediate build‑out.**; Metal construction with brick front, 2 front entry doors, and 2 dock‑high roll‑up doors.
