Warehouse and Office
85 Johnston Circle Palmetto, GA 30268
85 Johnston Circle, Palmetto, GA, 30268
$2,200,000
For Sale
$2,200,000
COMMERCIAL - Palmetto, GA
Property Size12,500 SF
Lot Size0.90 Acres
Price / SF$176
Days on Market15
Property Features for 85 Johnston Circle
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Indus
- Parking
- 20
- Security features
- Security Lighting
- Window features
- Skylight(s)
- Interior features
- High Ceilings 10 or Greater, Restrooms
- Standard status
- Active
- APN
- 117 7064 012
- Size
- 12,500 SF
- Lot size
- 0.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2900
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Flooring type
- Concrete
- Building materials
- Aluminum Siding
- Roof type
- Metal
Listing agency
Chapman Hall Realtors
(404) 252-9500
Listed by
Paul Amina · License #123097
(404) 236-0043
Added: Jul 7 Updated: Jul 20 at 6:34PM Checked: Jul 21 at 8:06AM
MLS# 7762790
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.
This industrial property offers 10,000 SF of warehouse space built on an 8" metal slab, along with 2,500 SF of office space and an additional 2,500 SF of attic storage. The warehouse includes skylights and is served by four 14' roll-up doors. Electrical service is listed at 480 volts, and the building includes 33 kW solar panels. Interior improvements include newly painted interiors and newly installed LED lighting.
The property is zoned Indus. It is located at 85 Johnston Circle in Palmetto, Georgia (Coweta County). The listing also notes the possibility of a $12.00/SF/year flexible lease if a lease is desired.
The property is zoned Indus. It is located at 85 Johnston Circle in Palmetto, Georgia (Coweta County). The listing also notes the possibility of a $12.00/SF/year flexible lease if a lease is desired.
Key Highlights
- 10,000 SF warehouse on 8" metal slab, plus 2,500 SF office and 2,500 SF attic storage
- 4x 14' roll‑up doors and 480V power
- Central air and forced‑air heating; high ceilings (10 or greater)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.4k | $23.87 |
| − Vacancy | −$75.2k | −$6.02 |
| EGI | $223.2k | $17.85 |
| − OpEx | −$55.8k | −$4.46 |
| NOI | $167.4k | $13.39 |
12,500 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,388 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,760 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,596 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial building includes 10,000 SF warehouse space, 2,500 SF office, and 2,500 SF attic storage.
Where is this warehouse located?
The property is located at 85 Johnston Circle Palmetto, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,000 SF warehouse on 8" metal slab, plus 2,500 SF office and 2,500 SF attic storage; 4x 14' roll‑up doors and 480V power; Central air and forced‑air heating; high ceilings (10 or greater)
