Freestanding Auto Service
For Sale
$1,150,000
934 Sw Metropolitan Pkwy SW, Atlanta, GA 30310
Operating automotive repair business with service bays, lifts, customer areas, and on-site parking.
Property Size4,164 SF
Lot Size0.42 Acres
Price / SF$276.18
Days on Market10
Property Features for 934 Sw Metropolitan Pkwy SW
General Information
Standard status
Active
Size
4,164 SF
Lot size
0.42 Acres
Property subtype
Commercial
Zoning
C-1
Site & Location
Traffic Count
16,500 vehicles/day
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Sprinkler System
Yes
Service Bays
6
Amenities
central air conditioning
natural gas heat
public water and sewer
reception and customer waiting area
private office
breakroom
restrooms
self-contained 1BR/1BA live-work unit
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties
Listed By:
Rosheata Mcclain (404-537-5200)
Source:
Searchlikeabroker
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 24 at 11:18AM
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 Berkshire Hathaway HomeServices Georgia Properties
Investment Insights
Based on property information with market context.
Freestanding automotive service property at 934 Metropolitan Parkway SW includes a 4,164 SF building on 0.42 acre (18,212 SF). The 1960-built facility has six service bays, five lifts, a reception and waiting area, private office, breakroom, restrooms, and a self-contained 1BR/1BA live-work unit. Fire sprinklers, central air conditioning, natural gas heat, and public water and sewer serve the building. The sale includes an operating auto body and repair business with commercial accounts including Carvana and DriveTime.
A 3,300 SF rear gravel lot provides vehicle storage, with additional parking at the front bay apron. The property fronts Metropolitan Parkway SW and Mary Street SW, with approximately 16,500 vehicles per day on the state-route arterial. C-1 Commercial zoning supports continued automotive service and other commercial uses subject to City review. The site is near Pittsburgh Yards, the Atlanta BeltLine’s Southside and Westside trails, and the Salvation Army Kroc Center.
A 3,300 SF rear gravel lot provides vehicle storage, with additional parking at the front bay apron. The property fronts Metropolitan Parkway SW and Mary Street SW, with approximately 16,500 vehicles per day on the state-route arterial. C-1 Commercial zoning supports continued automotive service and other commercial uses subject to City review. The site is near Pittsburgh Yards, the Atlanta BeltLine’s Southside and Westside trails, and the Salvation Army Kroc Center.
Key Highlights
- 4,164 SF freestanding automotive service building on 0.42 acre (18,212 SF)
- Six service bays with five lifts
- Operating auto body and repair business with commercial accounts including Carvana and DriveTime
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
$48,531
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
4.22%
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%
$970,620
$970.6K
Cap Rate 7%
$693,300
$693.3K
Cap Rate 9%
$539,233
$539.2K
Market Conditions
NOI Build-Up for 4,164 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
$75.0K $18.00/SF
− Vacancy
−$5.6K −$1.35/SF
EGI
$69.3K $16.65/SF
− OpEx
−$20.8K −$5.00/SF
NOI
$48.5K $11.66/SF
Area
Atlanta, GA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$970,620
Cap Rate 7%
$693,300
Cap Rate 9%
$539,233
Alternative Uses
Best Use
Retail
$693.3K
$606.6K – $808.9K
NOI $48,531 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,480 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Service bays
16,500 VPD
Traffic count
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,240
Businesses Nearby
Well-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 Retail in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive repair business with service bays, lifts, customer areas, and on-site parking.
Where is this auto shop located?
The property is located at 934 Sw Metropolitan Pkwy SW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,164 SF freestanding automotive service building on 0.42 acre (18,212 SF); Six service bays with five lifts; Operating auto body and repair business with commercial accounts including Carvana and DriveTime
