Single-Story
For Sale
Contact for pricing
838 SW Warner St, Atlanta, GA 30310
Class C industrial space with dock-high and grade-level loading, I2 zoning, and on-site parking.
Property Size8,493 SF
Lot Size0.42 Acres
Price / SF$211.94
Days on Market14
Property Features for 838 SW Warner St
General Information
Standard status
Active
Size
8,493 SF
Class
Class C
Lot size
0.42 Acres
Property subtype
Industrial
Zoning
I2
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Year Built
1956
Stories
1
Building Size
8,493 SF
Listing Agency:
Chasen Commercial Real Estate
Listed By:
Chasen Foster · License #GA
Source:
Crexi
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 26 at 5:09AM
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 Chasen Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 838 SW Warner St in Atlanta, this Class C warehouse contains 8,493 square feet within a single-story layout. The 1956 building includes one dock-high loading door and one drive-in or grade-level door, supporting varied shipping and receiving needs. The property sits on 0.42 acres and provides parking at a ratio of 0.94 spaces per 1,000 square feet.
The facility is zoned I2 and positioned in Atlanta’s Oakland City area. Its industrial classification, loading configuration, and established building improvements create a practical setting for warehouse operations and related commercial use.
The facility is zoned I2 and positioned in Atlanta’s Oakland City area. Its industrial classification, loading configuration, and established building improvements create a practical setting for warehouse operations and related commercial use.
Key Highlights
- 8,493 square feet of warehouse space on 0.42 acres
- Class C single‑story building constructed in 1956
- One dock‑high door and one drive‑in/grade‑level door
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
$59,550
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
3.31%
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%
$1,191,000
$1.2M
Cap Rate 7%
$850,714
$850.7K
Cap Rate 9%
$661,667
$661.7K
Market Conditions
NOI Build-Up for 8,493 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
$76.8K $9.04/SF
− Vacancy
−$6.7K −$0.79/SF
EGI
$70.1K $8.25/SF
− OpEx
−$10.5K −$1.24/SF
NOI
$59.5K $7.01/SF
Area
Atlanta, GA
Vacancy
8.75%
Lease Rate
$9.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,191,000
Cap Rate 7%
$850,714
Cap Rate 9%
$661,667
Alternative Uses
Best Use
Warehouse
$850.7K
$744.4K – $992.5K
NOI $59,550 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,188 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Units Unlimited, Inc. — 858 Avon Ave SW, Atlanta, GA 30310
Frequently Asked Questions
What type of property is this?
Warehouse - Class C industrial space with dock-high and grade-level loading, I2 zoning, and on-site parking.
Where is this warehouse located?
The property is located at 838 SW Warner St Atlanta, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 8,493 square feet of warehouse space on 0.42 acres; Class C single‑story building constructed in 1956; One dock‑high door and one drive‑in/grade‑level door
