Historic Mixed-Use
For Sale
Contact for pricing
585 Wells Street, Atlanta, GA 30312
Historic industrial improvements support consideration of mixed-use redevelopment within an established Atlanta urban corridor.
Property Size88,998 SF
Price / SF$78.65
Days on Market52
Property Features for 585 Wells Street
General Information
Standard status
Active
Size
88,998 SF
Property subtype
Special Purpose
Investment Type
Redevelopment
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
McWhirter Realty
Listed By:
Kathy Mikeal · License #GA
(770) 955-2000
Source:
Crexi
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 16 at 6:22AM
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 McWhirter Realty
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Investment Insights
Based on property information with market context.
This 88,998-square-foot mixed-use property is a historic industrial asset at 585 Wells Street in Atlanta, Georgia. The property is located within the Stewart Avenue Industrial Historic District, providing a defined historic context for evaluating future plans.
The asset sits along an urban revitalization corridor identified in the property information as active. Its industrial character and mixed-use classification make it suitable for review by parties considering redevelopment or adaptive reuse, subject to applicable approvals and requirements.
The asset sits along an urban revitalization corridor identified in the property information as active. Its industrial character and mixed-use classification make it suitable for review by parties considering redevelopment or adaptive reuse, subject to applicable approvals and requirements.
Key Highlights
- 88,998‑square‑foot mixed‑use property
- Historic industrial asset
- Located within Atlanta's Stewart Avenue Industrial Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$513,901
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,278,020
$10.3M
Cap Rate 7%
$7,341,443
$7.3M
Cap Rate 9%
$5,710,011
$5.7M
Market Conditions
NOI Build-Up for 88,998 SF
Gross rent
$804.5K $9.04/SF
− Vacancy
−$70.4K −$0.79/SF
EGI
$734.1K $8.25/SF
− OpEx
−$220.2K −$2.47/SF
NOI
$513.9K $5.77/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,278,020
Cap Rate 7%
$7,341,443
Cap Rate 9%
$5,710,011
Alternative Uses
Best Use
Mixed Use
$15.45M
$13.52M – $18.02M
NOI $1,081,326 @ 7.0% cap · market cap 15.45%
Second Best
Industrial
$7.34M
$6.42M – $8.57M
NOI $513,901 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$24.88M
$21.77M – $29.02M
NOI $1,741,484 @ 7.0% cap · market cap 24.88%
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
2,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 30312, GA
25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic industrial improvements support consideration of mixed-use redevelopment within an established Atlanta urban corridor.
Where is this mixed-use property located?
The property is located at 585 Wells Street Atlanta, GA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 88,998‑square‑foot mixed‑use property; Historic industrial asset; Located within Atlanta's Stewart Avenue Industrial Historic District
