Renovated Mixed-Use
For Sale
$550,000
585 White Circle, Athens, GA 30605
Commercial Sale, Athens, GA
Property Size2,108 SF
Lot Size0.05 Acres
Price / SF$260.91
Days on Market73
Property Features for 585 White Circle
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Fireplace, High Ceilings, Programmable Thermostat
Fireplace
1
Appliances
Some Electric Appliances, Some Gas Appliances, Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
Lot features
Historic District
Directions
From GA-316 East. As you approach Athens, take the Athens Perimeter/Loop 10. Take Milledge Avenue and turn right, then left on Whitehall Mill Rd. Turn right into White Circle. Follow White Circle, building 4, unit 402.
Standard status
Active
APN
184A7 D002
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
Deed Book 5308 Pg 245
HOA Fee
$592 Monthly
Legal Description
Deed Book 5308 Pg 245
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
soaring exposed-beam ceilings
original brick walls
hardwood floors
multiple skylights
two full bathrooms
beautifully appointed kitchen
private office areas
generous storage
large private outdoor patio
ample parking lot
Building Details
Year built
1900
Floors in Building
1
Building materials
Brick
Roof type
Metal
Architectural style
Loft
Additional Structures
Gazebo
Listing Agency:
Coldwell Banker Upchurch Realty
(706) 543-4000
Listed By:
Maria Cardarelli · License #252021
(706) 255-5522
Added: Jul 30
Changed: Sep 12
Last Checked: Oct 10 at 12:06AM
MLS# CL361661
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.
Located at 585 White Circle within Whitehall Mill Lofts, this 2,108-square-foot mixed-use loft combines historic construction with a 2020 renovation. The interior includes exposed beams, original brick, hardwood flooring, skylights, a kitchen, private office areas, storage, and two full bathrooms. Central heating and cooling, a gas water heater, public water, and public sewer are also in place.
The property occupies a 0.045-acre parcel along the North Oconee River in Athens and is zoned Commercial Neighborhood (CN). A large private patio extends the usable area, while the open interior supports professional, creative, service-oriented, showroom, gallery, wellness-oriented, or live-work applications subject to applicable approvals. Whitehall Mill Lofts is situated minutes from Downtown Athens, the University of Georgia, the Loop, and major transportation routes. On-site parking is available, with final requirements and permitted uses subject to independent verification.
The property occupies a 0.045-acre parcel along the North Oconee River in Athens and is zoned Commercial Neighborhood (CN). A large private patio extends the usable area, while the open interior supports professional, creative, service-oriented, showroom, gallery, wellness-oriented, or live-work applications subject to applicable approvals. Whitehall Mill Lofts is situated minutes from Downtown Athens, the University of Georgia, the Loop, and major transportation routes. On-site parking is available, with final requirements and permitted uses subject to independent verification.
Key Highlights
- 2,108‑square‑foot mixed‑use loft at Whitehall Mill Lofts
- Renovated in 2020 with exposed beams, original brick, hardwood floors, and skylights
- Zoned Commercial Neighborhood (CN)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,286
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,720
$545.7K
Cap Rate 7%
$389,800
$389.8K
Cap Rate 9%
$303,178
$303.2K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$45.5K $21.60/SF
− Vacancy
−$9.2K −$4.34/SF
EGI
$36.4K $17.26/SF
− OpEx
−$9.1K −$4.31/SF
NOI
$27.3K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,720
Cap Rate 7%
$389,800
Cap Rate 9%
$303,178
Alternative Uses
Best Use
Office B
$389.8K
$341.1K – $454.8K
NOI $27,286 @ 7.0% cap · market cap 4.96%
Second Best
Mixed Use
$357.8K
$313.0K – $417.4K
NOI $25,043 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$508.2K
$444.7K – $592.9K
NOI $35,572 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic brick interiors, flexible open space, two full bathrooms, and a private patio support varied commercial configurations.
Where is this mixed-use property located?
The property is located at 585 White Circle Athens, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,108‑square‑foot mixed‑use loft at Whitehall Mill Lofts; Renovated in 2020 with exposed beams, original brick, hardwood floors, and skylights; Zoned Commercial Neighborhood (CN)
