Auto Shop Building with High
For Sale
$799,999
689 Whitehall, Atlanta, GA 30310
COMMERCIAL - Atlanta, GA
Property Size2,595 SF
Lot Size0.09 Acres
Price / SF$308.28
Days on Market111
Property Features for 689 Whitehall
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I2
Parking
8
Parking features
On Street, Parking Lot
Window features
Insulated Windows
Interior features
High Ceilings 10 or Greater
Lot features
Free Standing, Private
View
City
Directions
GPS
Standard status
Active
Size
2,595 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11911
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1938
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete, Carpet
Building materials
Brick
Roof type
Flat
Additional Structures
Other
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
TODD JAVERY
(594) 261-8633
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 11 at 2:06AM
MLS# 7758406
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Auto shop building at 689 Whitehall, Atlanta, GA 30310 featuring 10+ foot high ceilings, brick construction, and a flat roof. The interior is served by central heating and central air, and the space includes carpeting, ceramic tile, and concrete flooring. Parking is available via both an on-street option and a dedicated parking lot. Built in 1938, the property sits on a 0.09-acre lot and includes 2,595 square feet of building area.
The property is described as being just off of the Westside Beltline. Utilities include cable availability.
Zoned I2, the building is well suited for industrial-oriented users seeking a compact auto shop footprint with established site improvements and on-site parking support.
The property is described as being just off of the Westside Beltline. Utilities include cable availability.
Zoned I2, the building is well suited for industrial-oriented users seeking a compact auto shop footprint with established site improvements and on-site parking support.
Key Highlights
- Zoned I2 industrial
- 0.09‑acre lot with 2,595 SF building area
- 10+ foot high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,900
$604.9K
Cap Rate 7%
$432,071
$432.1K
Cap Rate 9%
$336,056
$336.1K
Market Conditions
NOI Build-Up for 2,595 SF
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.
Gross rent
$46.7K $18.00/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$43.2K $16.65/SF
− OpEx
−$13.0K −$5.00/SF
NOI
$30.2K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,900
Cap Rate 7%
$432,071
Cap Rate 9%
$336,056
Alternative Uses
Best Use
Retail
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 3.78%
Second Best
Industrial
$214.1K
$187.3K – $249.7K
NOI $14,984 @ 7.0% cap · market cap 1.87%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,778 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,584
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30310, GA
27,365
Population
14,033
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$45,542
Median Household Income
$36,726
Median Earnings
$1,099
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Industrial I2-zoned auto shop building with central HVAC and high ceilings.
Where is this auto shop located?
The property is located at 689 Whitehall Atlanta, GA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Zoned I2 industrial; 0.09‑acre lot with 2,595 SF building area; 10+ foot high ceilings
