8285 Wilkerson Mill Rd, Palmetto, GA 30268

Building Details

Year Built 2013 More

Listing Agency: REMAX Concierge

Listed By: Dawn Scarbrough · License GA #163916 Show Phone

Source: Broadandmainrealestate

Added: Mar 27 Changed: Nov 10 Last Checked: Nov 10 at 1:40PM

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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 REMAX Concierge

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Investment Insights

Based on property information with market context.

This unique 6,000 sq ft property is located in Palmetto, Georgia, just off Highway 29/Roosevelt Highway. Situated on a 3+ acre wooded lot, the building offers privacy. The building is approximately 60' x 100' and features one large bay with 25' high ceilings and an overhead door. Most of the building has suspended/drop ceilings and polished concrete floors. The property includes ample outside storage space. Zoned C-1 Neighborhood Commercial in the City of Palmetto, the property presents multiple opportunities for uses. Currently occupied by a fine art printing and framing business, the building will be vacated upon the sale of the property.

Key Highlights

• Large 6,000 sq ft building on a 3+ acre private, wooded lot.
• Zoned C‑1 Neighborhood Commercial in the City of Palmetto, offering multiple use opportunities.
• Located just off Hwy 29/Roosevelt Hwy, providing convenient access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,976

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,520 $699.5K

Cap Rate 7%

$499,657 $499.7K

Cap Rate 9%

$388,622 $388.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$56.9K $9.48/SF

− Vacancy

−$3.1K −$0.51/SF

EGI

$53.8K $8.97/SF

− OpEx

−$18.8K −$3.14/SF

NOI

$35.0K $5.83/SF

Area

Fulton County, GA

Vacancy

5.40%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,520

Cap Rate 7%

$499,657

Cap Rate 9%

$388,622

Alternative Uses

Best Use

Flex RnD

$499.7K

$437.2K – $582.9K (±1% cap)

NOI $34,976 @ 7.0% cap · market cap 5.88%

Second Best

Industrial

$473.7K

$414.5K – $552.6K (±1% cap)

NOI $33,158 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,406 @ 7.0% cap · market cap 19.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Real Estate Agency (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30268, GA

10,560

Population

4,641

Households

2.3

Avg Household Size

40

Median Age

29%

College-Educated

87%

High-School Grad

69.2 sq mi

ZIP Area

153

Density / Sq Mi

$71,792

Median Household Income

$39,430

Median Earnings

$1,224

Median Rent

$252,300

Median Home Value

Market

Average Price Trend$/SF for Flex space in Fulton County, GA

$152 Jul

$159 Aug

$145 Sep

$138 Oct

Properties on Market for Flex space in Fulton County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 6,000 sq ft flex space on 3+ acres.

Where is this flex space located?

The property is located at 8285 Wilkerson Mill Rd Palmetto, GA.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Large 6,000 sq ft building on a 3+ acre private, wooded lot.; Zoned C‑1 Neighborhood Commercial in the City of Palmetto, offering multiple use opportunities.; Located just off Hwy 29/Roosevelt Hwy, providing convenient access.