Warehouse with 16
For Sale
$5,000,000
274 Highway 138 SW, Riverdale, GA 30274
The building’s auditorium layout can accommodate movie studio, warehouse, or office use.
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market23
Property Features for 274 Highway 138 SW
General Information
Standard status
Active
Size
41,800 SF
Lot size
7.60 Acres
Additional Details
Warehouse Space
41,800 SF
Building Details
Year Built
1986
Building Size
41,800 SF
Listing Agency:
Homesmart Realty Partners
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Source:
Annakintown
Added: Oct 4
Changed: Oct 25
Last Checked: Oct 7 at 3:33PM
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 Homesmart Realty Partners
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Investment Insights
Based on property information with market context.
This 41,800-square-foot warehouse occupies 7.6 acres and was built in 1986. Its original configuration includes 16 movie theater screens and auditoriums, with potential use as movie studios or warehouse and office space.
The property is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport.
The property is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport.
Key Highlights
- 41,800‑square‑foot warehouse building
- Situated on 7.6 acres
- Originally built in 1986 as a 16‑screen movie theater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,847
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,136,940
$6.1M
Cap Rate 7%
$4,383,529
$4.4M
Cap Rate 9%
$3,409,411
$3.4M
Market Conditions
NOI Build-Up for 41,800 SF
Gross rent
$396.3K $9.48/SF
− Vacancy
−$35.3K −$0.84/SF
EGI
$361.0K $8.64/SF
− OpEx
−$54.1K −$1.30/SF
NOI
$306.8K $7.34/SF
Area
Clayton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,136,940
Cap Rate 7%
$4,383,529
Cap Rate 9%
$3,409,411
Alternative Uses
Best Use
Warehouse
$4.38M
$3.84M – $5.11M
NOI $306,847 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.68M
$10.22M – $13.63M
NOI $817,929 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30274, GA
34,537
Population
14,299
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
3,386
Density / Sq Mi
$50,455
Median Household Income
$33,141
Median Earnings
$1,241
Median Rent
$157,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- SecurCare Self Storage — 53 GA-138, Riverdale, GA 30274
- Life Storage — 303 GA-138, Riverdale, GA 30274
- Freeway Self Storage — 722 ga-138, riverdale, ga 30274
Frequently Asked Questions
What type of property is this?
Warehouse - The building’s auditorium layout can accommodate movie studio, warehouse, or office use.
Where is this warehouse located?
The property is located at 274 Highway 138 SW Riverdale, GA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 41,800‑square‑foot warehouse building; Situated on 7.6 acres; Originally built in 1986 as a 16‑screen movie theater
