Warehouse with 16 Auditorium
New
For Sale
$5,000,000
274 Highway 138 SW, Riverdale, GA 30274
Commercial Sale, Riverdale, GA
Property Size41,800 SF
Lot Size7.60 Acres
Price / SF$119.62
Days on Market3
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
Additional Details
Property Use
Warehouse
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: Nov 2
Last Checked: Nov 4 at 11:06AM
MLS# 10883279
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.
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Investment Insights
Based on property information with market context.
This 41,800-square-foot warehouse property occupies 7.6 acres in Riverdale. Originally built as a movie theater with 16 screens and auditoriums, the interior configuration may accommodate studio, warehouse, or office use. The building was constructed in 1986 and has a metal roof, central heating and air conditioning, and carpet flooring.
Located on Highway 138 SW, the property is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport. Public water and sewer serve the site, and parking is provided in a lot.
Located on Highway 138 SW, the property is approximately 9 miles from Hartsfield-Jackson Atlanta International Airport. Public water and sewer serve the site, and parking is provided in a lot.
Key Highlights
- 41,800‑square‑foot building on 7.6 acres
- Originally constructed with 16 movie screens and auditoriums
- Approximately 9 miles from Hartsfield‑Jackson Atlanta International Airport
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
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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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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 - Former theater configuration offers auditorium areas adaptable for 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 building on 7.6 acres; Originally constructed with 16 movie screens and auditoriums; Approximately 9 miles from Hartsfield‑Jackson Atlanta International Airport
