1151 Chattahoochee Ave NW Atlanta, GA 30318
20,000 SF building on 1.3 AC for sale.
Property Features for 1151 Chattahoochee Ave NW
General Information
- Standard status
- Active
- Size
- 19,996 SF
- Lot size
- 1.30 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1954
Listing office Widespread Commercial Group (404) 635-6626
Listing date Apr 12, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Largest package store available in Atlanta’s Westside, with potential to be the largest and highest volume in Georgia.
- Business and real estate for sale.
- 20,000 SF building on 1.3 AC with large parking lot and patio potential.
Local Financial Insights For Specialty Retail
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 | $479.9k | $24.00 |
| − Vacancy | −$31.2k | −$1.56 |
| EGI | $448.7k | $22.44 |
| − OpEx | −$112.2k | −$5.61 |
| NOI | $336.5k | $16.83 |
