New Industrial Project in
For Sale
$710,000
161 Fritz Mar Lane 400 BUILDING, Athens, GA 30607
Turn-key shell building available in a thriving commercial development.
Property Size4,000 SF
Price / SF$177.50
Days on Market476
Property Features for 161 Fritz Mar Lane 400 BUILDING
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2025
Listing Agency:
Keller Williams Greater Athens
(706) 389-0771
Listed By:
Brittany D Purcell · License #324606
(706) 389-0771
Source:
Exitrealty
Added: Apr 11, 2025
Changed: Jul 10
Last Checked: Jul 16 at 8:06AM
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 Keller Williams Greater Athens
Investment Insights
Based on property information with market context.
Located in Athens Clarke County, 161 Fritz Mar is a new industrial project zoned "I" in the ACC TAD district. The development includes five 4000 sq ft buildings and one 7200 sq ft building divided into two units. This listing is for a turn-key shell building, specifically building 400, offering 4000 sq ft of space. The shell building features metal construction with a brick front, two front entry doors, and two dock-high roll-up doors. The building will be insulated and includes a 4" sewer stub, a 3/4" water line, and electrical service with a meter base. Sidewalks and roads have been developed, and landscaping will be installed by the seller. Interior plumbing, electrical, and HVAC are not included. Buildings 200, 300, and 600 are currently under construction, with building 400 expected to be delivered by year-end.
Key Highlights
- New industrial project in Athens Clarke County, zoned "I" and in the ACC TAD district.
- Turn‑key 4000 sq ft shell building (Building 400) available for immediate purchase.**
- Includes 2 front entry doors and 2 dock‑high roll‑up doors.
Financial Insights For Warehouse
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 | $37.9k | $9.48 |
| − Vacancy | −$3.4k | −$0.84 |
| EGI | $34.5k | $8.64 |
| − OpEx | −$5.2k | −$1.30 |
| NOI | $29.4k | $7.34 |
4,000 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30607, GA
11,383
Population
4,504
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
37.2 sq mi
ZIP Area
306
Density / Sq Mi
$63,727
Median Household Income
$35,972
Median Earnings
$1,012
Median Rent
$235,000
Median Home Value
Market
Properties on Market for Warehouses in Athens
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Turn-key shell building available in a thriving commercial development.
Where is this warehouse located?
The property is located at 161 Fritz Mar Lane 400 BUILDING Athens, GA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: New industrial project in Athens Clarke County, zoned "I" and in the ACC TAD district.; Turn‑key 4000 sq ft shell building (Building 400) available for immediate purchase.**; Includes 2 front entry doors and 2 dock‑high roll‑up doors.
