Light Industrial Flex Office
For Sale
Contact for pricing
1798 MONTREAL CIR, Tucker, GA 30084
M-1 zoned two-story office building with substantial fleet storage and parking for trucking, logistics, and related operations.
Property Size6,000 SF
Lot Size0.53 Acres
Price / SF$300
Days on Market102
Property Features for 1798 MONTREAL CIR
General Information
Standard status
Active
Size
6,000 SF
Class
C
Total Parking Spaces
53
Lot size
0.53 Acres
Property subtype
Office, Industrial, Mixed Use
Zoning
M-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Year Renovated
1986
Stories
2
Tenancy
Multi
Listing Agency:
Atlanta Leasing & Investment
Listed By:
Dave Aynes · License #GA317811
(404) 348-4448
Source:
Crexi
Added: May 27
Changed: Sep 2
Last Checked: Sep 2 at 6:33AM
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 Atlanta Leasing & Investment
Investment Insights
Based on property information with market context.
1798 Montreal Circle is a light industrial offering improved with a two-story office building on an M-1 (light industrial) zoned parcel. The building provides two separate 3,000 SF floor plates within a 6,000 SF total configuration, supporting a variety of occupancies including multi-tenant office use, owner-occupant office with on-site fleet or warehouse needs, or a conversion to a flex or showroom layout. On-site improvements are paired with 53 parking and fleet storage spaces, designed to accommodate fleet vehicles, contractor equipment, trailers, and oversized parking demands.
The property is located within Tucker’s established Montreal Circle / Northlake industrial corridor, with connectivity highlighted by access to I-285 and quick routes to I-85, I-20, and US-78 (Stone Mountain Freeway). The offering is positioned in DeKalb County’s M-1 industrial framework, which is central to the asset’s functionality and permitted use profile as described in the remarks.
With active tenancy from trucking and logistics operators, the site is aligned with transport, logistics, contractor, service, and light distribution use cases that benefit from M-1 flexibility. For buyers or investors, the M-1 designation and the combination of office space with fleet-oriented parking provide a practical platform for owner-users seeking operational versatility or operators evaluating leasing with an industrial-leaning facility.
The property is located within Tucker’s established Montreal Circle / Northlake industrial corridor, with connectivity highlighted by access to I-285 and quick routes to I-85, I-20, and US-78 (Stone Mountain Freeway). The offering is positioned in DeKalb County’s M-1 industrial framework, which is central to the asset’s functionality and permitted use profile as described in the remarks.
With active tenancy from trucking and logistics operators, the site is aligned with transport, logistics, contractor, service, and light distribution use cases that benefit from M-1 flexibility. For buyers or investors, the M-1 designation and the combination of office space with fleet-oriented parking provide a practical platform for owner-users seeking operational versatility or operators evaluating leasing with an industrial-leaning facility.
Key Highlights
- DeKalb County M‑1 (light industrial) zoned 0.53‑acre parcel with a 6,000 SF two‑story office building
- 53 on‑site parking/fleet storage spaces (8.83 per 1,000 SF) suited for fleet vehicles, trailers, and contractor equipment
- Two 3,000 SF floor plates for multi‑tenant office use, owner‑occupant office with on‑site fleet/warehouse, or flex/showroom configuration
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
$80,346
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
4.46%
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%
$1,606,920
$1.6M
Cap Rate 7%
$1,147,800
$1.1M
Cap Rate 9%
$892,733
$892.7K
Market Conditions
NOI Build-Up for 6,000 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
$143.2K $23.87/SF
− Vacancy
−$36.1K −$6.02/SF
EGI
$107.1K $17.85/SF
− OpEx
−$26.8K −$4.46/SF
NOI
$80.3K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,606,920
Cap Rate 7%
$1,147,800
Cap Rate 9%
$892,733
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,346 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$522.2K
$456.9K – $609.2K
NOI $36,551 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,406 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30084, GA
41,654
Population
15,950
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,796
Density / Sq Mi
$82,747
Median Household Income
$42,528
Median Earnings
$1,617
Median Rent
$332,000
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoned two-story office building with substantial fleet storage and parking for trucking, logistics, and related operations.
Where is this flex space located?
The property is located at 1798 MONTREAL CIR Tucker, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: DeKalb County M‑1 (light industrial) zoned 0.53‑acre parcel with a 6,000 SF two‑story office building; 53 on‑site parking/fleet storage spaces (8.83 per 1,000 SF) suited for fleet vehicles, trailers, and contractor equipment; Two 3,000 SF floor plates for multi‑tenant office use, owner‑occupant office with on‑site fleet/warehouse, or flex/showroom configuration
