Mixed-Use Loft with Private
For Sale
$550,000
585 White Cir Unit 402, Athens, GA 30605
CN-zoned space combines open interiors, office areas, a kitchen, and two full bathrooms.
Property Size2,108 SF
Price / SF$260.91
Days on Market73
Property Features for 585 White Cir Unit 402
General Information
Standard status
Active
Size
2,108 SF
Zoning
CN
Amenities
multiple skylights
two full bathrooms
beautifully appointed kitchen
private office areas
generous storage
large private outdoor patio
Building Details
Year Built
1900
Year Renovated
2020
Construction
brick
Listing Agency:
Coldwell Banker Upchurch Realty
Listed By:
Maria Cardarelli · License #252021
(706) 543-4000
Source:
Wadehouse
Added: Aug 3
Changed: Oct 8
Last Checked: Oct 7 at 4:10PM
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 Coldwell Banker Upchurch Realty
Investment Insights
Based on property information with market context.
This approximately 2,108-square-foot mixed-use loft occupies Unit 402 at Whitehall Mill Lofts. Renovated in 2020, the space retains original brick walls, exposed-beam ceilings, hardwood flooring, and multiple skylights. Its layout includes open workspace, private offices, storage, a kitchen, two full bathrooms, and a large private patio. The property was built in 1900 and is zoned Commercial Neighborhood (CN).
Whitehall Mill Lofts is a historic mixed-use community along the North Oconee River in Athens. The property is minutes from Downtown Athens, the University of Georgia, the Loop, and major transportation routes. An ample parking lot serves the community. Potential professional, creative, service-oriented, or live-work applications are subject to applicable zoning requirements, approvals, parking requirements, and association restrictions.
Whitehall Mill Lofts is a historic mixed-use community along the North Oconee River in Athens. The property is minutes from Downtown Athens, the University of Georgia, the Loop, and major transportation routes. An ample parking lot serves the community. Potential professional, creative, service-oriented, or live-work applications are subject to applicable zoning requirements, approvals, parking requirements, and association restrictions.
Key Highlights
- Approximately 2,108 square feet in Unit 402 at Whitehall Mill Lofts
- Renovated in 2020 with original brick walls and exposed‑beam ceilings
- Open layout with private office areas, storage, kitchen, and two full bathrooms
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
53
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CN-zoned space combines open interiors, office areas, a kitchen, and two full bathrooms.
Where is this mixed-use property located?
The property is located at 585 White Cir Unit 402 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: Approximately 2,108 square feet in Unit 402 at Whitehall Mill Lofts; Renovated in 2020 with original brick walls and exposed‑beam ceilings; Open layout with private office areas, storage, kitchen, and two full bathrooms
