Flex Space with Dock-High
New
For Sale
$1,950,000
4860 Atlanta Highway, Athens, GA 30606
SINGLE_FAMILY - Athens, GA
Property Size12,000 SF
Lot Size1.58 Acres
Price / SF$162.50
Days on Market2
Property Features for 4860 Atlanta Highway
General Information
Property type
Residential
Property subtype
Retail
Parking
41
Interior features
High Ceilings
Appliances
Gas Water Heater
Directions
From GA Loop 10: Take Exit 18 for US 78 Bus/Atlanta Hwy (this exit is near Georgia Square Mall). Head west on Atlanta Highway (US 78 Bus). Continue west for approximately 2 miles. The property, 4860 Atlanta Highway, will be on your right.
Standard status
Active
APN
044A1 C026
Size
12,000 SF
Lot size
1.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4828 514
Tax Annual Amount
17239
Legal Description
4828 514
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered front entry porch with wood-beam ceiling and stone accents
fitting room
multiple private offices
break room with full kitchen cabinetry and appliances
two restrooms
walk-in freezer
mezzanine level
LED-lit
Building Details
Year built
2005
Floors in Building
1
Building materials
Metal Siding, Steel
Listing Agency:
NAI Elrod Group
(706) 553-1000
Listed By:
Brian Elrod · License #251606
(678) 859-6110
Added: Jul 31
Last Checked: Aug 1 at 2:06AM
MLS# CL361680
Copyright © 2026 Hive MLS. 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.
4860 Atlanta Highway is a flex space offering 12,000 SF in one connected building on a 1.58-acre site in western Athens-Clarke County. The retail section totals 9,120 SF and was originally constructed in 2005, then renovated in 2024. Features include a vaulted sales floor, exposed truss ceiling, and 14' wall heights. Both the retail and warehouse areas are LED-lit.
A 2,880 SF warehouse section (built in 2006 and renovated in 2024) connects directly to the retail floor via an interior passage and includes dedicated storage and receiving space. Clear height ranges from 12' to 24'10" at peak, and the warehouse has a mezzanine level for additional storage. Additional improvements include a 10' x 8' walk-in freezer, gas heat, an exhaust fan, and insulated construction.
Loading is served by two covered loading zones totaling 4 dock-high loading doors plus 1 grade-level door measuring 13' tall x 9' wide, accessible from a raised loading pad. The site includes a 41-space paved parking lot, and the building will be delivered vacant at closing. The property is roughly one mile west of Sam's Club along Atlanta Highway, a corridor carrying 31,000+ vehicles per day (VPD) at this segment.
A 2,880 SF warehouse section (built in 2006 and renovated in 2024) connects directly to the retail floor via an interior passage and includes dedicated storage and receiving space. Clear height ranges from 12' to 24'10" at peak, and the warehouse has a mezzanine level for additional storage. Additional improvements include a 10' x 8' walk-in freezer, gas heat, an exhaust fan, and insulated construction.
Loading is served by two covered loading zones totaling 4 dock-high loading doors plus 1 grade-level door measuring 13' tall x 9' wide, accessible from a raised loading pad. The site includes a 41-space paved parking lot, and the building will be delivered vacant at closing. The property is roughly one mile west of Sam's Club along Atlanta Highway, a corridor carrying 31,000+ vehicles per day (VPD) at this segment.
Key Highlights
- 12,000 SF flex space on a 1.58‑acre site
- Retail totals 9,120 SF, built in 2005 and renovated in 2024
- Vaulted sales floor with exposed truss ceiling and 14' wall heights
Financial Insights For Retail
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 | $216.0k | $18.00 |
| − Vacancy | −$22.2k | −$1.85 |
| EGI | $193.8k | $16.15 |
| − OpEx | −$58.1k | −$4.84 |
| NOI | $135.6k | $11.30 |
12,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,499 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
4
Dock-high doors
1
Drive-in doors
31,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with an internally connected retail and warehouse setup, delivered vacant at closing.
Where is this flex space located?
The property is located at 4860 Atlanta Highway Athens, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 12,000 SF flex space on a 1.58‑acre site; Retail totals 9,120 SF, built in 2005 and renovated in 2024; Vaulted sales floor with exposed truss ceiling and 14' wall heights
