Atlanta Industrial Buildings on Large
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1820 Murphy Avenue, Atlanta, GA 30310
26,156 SF industrial buildings on 3.6 acres in Atlanta.
Property Size26,156 SF
Lot Size3.60 Acres
Price / SF$137.64
Days on Market107
Property Features for 1820 Murphy Avenue
General Information
Standard status
Active
Size
26,156 SF
Lot size
3.60 Acres
Property subtype
Industrial
Zoning
I-2 (Heavy Industrial)
Lease Type
Gross
Investment Type
Stabilized
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
McWhirter Realty Partners LLC
(770) 955-2000
Listed By:
Peyton McWhirter, SIOR · License #GA 207691
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Aug 25 at 9:20PM
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 McWhirter Realty Partners LLC
Investment Insights
Based on property information with market context.
This industrial property features 26,156 square feet of space across multiple buildings, situated on approximately 3.6 acres. An additional 13,000 square feet of pole barn structures are also present on the site. The property is zoned I-2 (Heavy Industrial) by the City of Atlanta and is located in a Federal Opportunity Zone. It offers flexible outside storage opportunities. The location provides convenient access to MARTA transit, being just 0.4 miles from the Lakewood/Fort McPherson MARTA Station, with connectivity to Langford Parkway, I-75/85, I-20, the Atlanta BeltLine, and Hartsfield-Jackson International Airport. The surrounding area is undergoing significant redevelopment, with new commercial and residential projects. The property includes two residential-zoned lots (1132 & 1142 Birch Street) and is suitable for either investors or owner-users.
Key Highlights
- 26,156± SF of industrial buildings on 3.6± acres with additional pole barn structures.
- Zoned I‑2 (Heavy Industrial) – City of Atlanta, offering flexible usage.
- Located in a Federal Opportunity Zone, providing potential tax benefits.
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
$151,033
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
4.20%
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%
$3,020,660
$3.0M
Cap Rate 7%
$2,157,614
$2.2M
Cap Rate 9%
$1,678,144
$1.7M
Market Conditions
NOI Build-Up for 26,156 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
$236.5K $9.04/SF
− Vacancy
−$20.7K −$0.79/SF
EGI
$215.8K $8.25/SF
− OpEx
−$64.7K −$2.47/SF
NOI
$151.0K $5.77/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /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%
$3,020,660
Cap Rate 7%
$2,157,614
Cap Rate 9%
$1,678,144
Alternative Uses
Best Use
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,033 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.31M
$6.40M – $8.53M
NOI $511,812 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Industrial in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 26,156 SF industrial buildings on 3.6 acres in Atlanta.
Where is this industrial property located?
The property is located at 1820 Murphy Avenue Atlanta, GA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 26,156± SF of industrial buildings on 3.6± acres with additional pole barn structures.; Zoned I‑2 (Heavy Industrial) – City of Atlanta, offering flexible usage.; Located in a Federal Opportunity Zone, providing potential tax benefits.
