Warehouse Flex
New
For Sale
$5,000,000
274 Highway 138 SW, Riverdale, GA 30274
COMMERCIAL - Riverdale, GA
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market2
Property Features for 274 Highway 138 SW
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
528
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
Use google maps
Standard status
Active
APN
13213A A006
Size
41,800 SF
Lot size
7.60 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
68613
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Flooring type
Carpet
Building materials
Frame
Roof type
Metal
Listing Agency:
Homesmart Realty Partners
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Aug 4
Last Checked: Aug 5 at 8:06PM
MLS# 10818865
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 41,800-square-foot flex property occupies 7.6 acres at 274 Highway 138 SW in Riverdale, Georgia. Built in 1986 with frame construction and a metal roof, the building includes central heating and cooling, carpeted areas, a parking lot, cable availability, public water, and public sewer. An accessible approach with ramp is also present.
Originally developed as a movie theater, the structure contains 16 screens or auditoriums that may be used for movie studios, warehouse operations, or office space. The property is approximately 9 miles from Atlanta Hartsfield-Jackson International Airport. Site plans and a tax plat are included among the property documents. No access or viewings are permitted, and the occupant should not be disturbed.
Originally developed as a movie theater, the structure contains 16 screens or auditoriums that may be used for movie studios, warehouse operations, or office space. The property is approximately 9 miles from Atlanta Hartsfield-Jackson International Airport. Site plans and a tax plat are included among the property documents. No access or viewings are permitted, and the occupant should not be disturbed.
Key Highlights
- 41,800‑square‑foot building situated on 7.6 acres
- 16‑screen former movie theater configuration
- Potential uses include movie studios, warehouse space, and offices
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 | $396.3k | $9.48 |
| − Vacancy | −$35.3k | −$0.84 |
| EGI | $361.0k | $8.64 |
| − OpEx | −$54.1k | −$1.30 |
| NOI | $306.8k | $7.34 |
41,800 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$8.00M
$7.00M – $9.33M
NOI $559,747 @ 7.0% cap · market cap 11.19%
Second Best
Warehouse
$4.38M
$3.84M – $5.11M
NOI $306,847 @ 7.0% cap · market cap 6.14%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Doz'ia Catering — 517 GA-138 Suite 6, Riverdale, GA 30274
- Eventful Memories, LLC — 517 GA-138, Riverdale, GA 30274
- Tasteful Innovations — 517 GA-138 Suite 6, Riverdale, GA 30274
- Smack ya mama catering — 1411 Wynthrope Cove, Riverdale, GA 30274
- Mack and Taste Co — 7857 Taylor Downs Way, Riverdale, GA 30274
Frequently Asked Questions
What type of property is this?
Flex space - The building combines warehouse capacity with former theater improvements that may support studio or office conversion.
Where is this flex space 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 building situated on 7.6 acres; 16‑screen former movie theater configuration; Potential uses include movie studios, warehouse space, and offices
