Warehouse with Two Drive-In
229 Walker St SW, Atlanta, GA 30313
For Sale
Contact for pricing
Prefab metal warehouse on a corner site with two drive-in doors, 20’ ceilings, and zoning flexibility for commercial and industrial uses.
Property Size8,895 SF
Lot Size0.32 Acres
Price / SF$168.52
Days on Market444
Property Features for 229 Walker St SW
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Construction
Listing Agency:
Bull Realty, Inc. - Atlanta
(404) 876-1640
Listed By:
Jared Daley · License GA #331035
(678) 596-8844
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Nov 13
Last Checked: Nov 12 at 10:38AM
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 Bull Realty, Inc. - Atlanta
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Investment Insights
Based on property information with market context.
A prefabricated metal warehouse structure built originally as a machine shop, offering 8,895 SF on a 10.32-acre corner site. The building features two drive-in doors and approximately 20’ ceiling height, and it could be divided into flex spaces to lease.
The property is located within the historic Castleberry Hill Landmark District Subarea 2 of Atlanta. It has easy access to both I-20 and the I-75/I-85 Connector, placing it within roughly 10.7 miles of Mercedes-Benz Stadium and State Farm Arena, and about 10.9 miles from Centennial Olympic Park.
The zoning designation allows for a variety of commercial and industrial uses. In addition to the warehouse configuration, the layout supports potential adaptation into multiple flex spaces depending on tenant needs.
The property is located within the historic Castleberry Hill Landmark District Subarea 2 of Atlanta. It has easy access to both I-20 and the I-75/I-85 Connector, placing it within roughly 10.7 miles of Mercedes-Benz Stadium and State Farm Arena, and about 10.9 miles from Centennial Olympic Park.
The zoning designation allows for a variety of commercial and industrial uses. In addition to the warehouse configuration, the layout supports potential adaptation into multiple flex spaces depending on tenant needs.
Key Highlights
- 8,895 SF prefab metal warehouse on a 0.32‑acre corner site in Atlanta’s Castleberry Hill Landmark District Subarea 2
- Originally built as a machine shop with two drive‑in doors
- 20’ ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,391
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,820
$1.8M
Cap Rate 7%
$1,262,729
$1.3M
Cap Rate 9%
$982,122
$982.1K
Market Conditions
NOI Build-Up for 8,895 SF
Gross rent
$149.4K $16.80/SF
− Vacancy
−$13.4K −$1.51/SF
EGI
$136.0K $15.29/SF
− OpEx
−$47.6K −$5.35/SF
NOI
$88.4K $9.94/SF
Area
Atlanta, GA
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,820
Cap Rate 7%
$1,262,729
Cap Rate 9%
$982,122
Alternative Uses
Best Use
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,391 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$891.0K
$779.6K – $1.04M
NOI $62,369 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,055 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,254
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30313, GA
9,788
Population
3,604
Households
2.7
Avg Household Size
26
Median Age
55%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
8,157
Density / Sq Mi
$79,068
Median Household Income
$33,832
Median Earnings
$1,696
Median Rent
$365,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Atlanta, GA
Properties on Market for Flex space in Atlanta
Vacancy Rate% for Industrial in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Flex space - Prefab metal warehouse on a corner site with two drive-in doors, 20’ ceilings, and zoning flexibility for commercial and industrial uses.
Where is this flex space located?
The property is located at 229 Walker St SW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 8,895 SF prefab metal warehouse on a 0.32‑acre corner site in Atlanta’s Castleberry Hill Landmark District Subarea 2; Originally built as a machine shop with two drive‑in doors; 20’ ceiling height
