Auto Service Garage with Live-Work
New
For Sale
$1,150,000
934 SW Metropolitan Parkway SW, Atlanta, GA 30310
Atlanta, GA
Property Size4,164 SF
Lot Size0.42 Acres
Price / SF$276.18
Days on Market1
Property Features for 934 SW Metropolitan Parkway SW
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
Size
4,164 SF
Lot size
0.42 Acres
Amenities
reception and customer waiting area
private office
breakroom
restrooms
self-contained 1BR/1BA live-work unit
central air conditioning
natural gas heat
Building Details
Year built
1960
Listing Agency:
Buckhead Office · Berkshire Hathaway HomeServices
(404) 537-5200
Listed By:
Rosheata McClain · License #391186
(770) 294-7385
Added: Sep 16
Last Checked: Sep 16 at 6:06PM
MLS# 7838628
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 freestanding auto service property includes a 4,164-square-foot building on 0.42 acre, with six service bays, five lifts, a reception and waiting area, private office, breakroom, and restrooms. A self-contained 1BR/1BA live-work unit provides on-site quarters. The property is fire-sprinklered and equipped with central air conditioning, natural gas heat, and public water and sewer. The sale can include the operating auto body and repair business, which serves commercial accounts including Carvana and DriveTime.
The site has 40+ parking spaces, a 3,300-square-foot rear gravel area for vehicle storage, and additional room at the front bay apron. It fronts Metropolitan Parkway SW and Mary Street SW, with Metropolitan Parkway carrying approximately 16,500 vehicles per day. C-1 Commercial zoning applies within the City of Atlanta and Fulton County. Pittsburgh is a southwest intown Atlanta district with nearby access to the Atlanta BeltLine’s Southside and Westside trails, Pittsburgh Yards, and the Salvation Army Kroc Center.
The site has 40+ parking spaces, a 3,300-square-foot rear gravel area for vehicle storage, and additional room at the front bay apron. It fronts Metropolitan Parkway SW and Mary Street SW, with Metropolitan Parkway carrying approximately 16,500 vehicles per day. C-1 Commercial zoning applies within the City of Atlanta and Fulton County. Pittsburgh is a southwest intown Atlanta district with nearby access to the Atlanta BeltLine’s Southside and Westside trails, Pittsburgh Yards, and the Salvation Army Kroc Center.
Key Highlights
- 4,164 SF freestanding building on 0.42 acre
- Six service bays with five lifts
- Self‑contained 1BR/1BA live‑work unit
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
$55,760
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
4.85%
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%
$1,115,200
$1.1M
Cap Rate 7%
$796,571
$796.6K
Cap Rate 9%
$619,556
$619.6K
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
$99.4K $23.87/SF
− Vacancy
−$25.0K −$6.02/SF
EGI
$74.3K $17.85/SF
− OpEx
−$18.6K −$4.46/SF
NOI
$55.8K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,115,200
Cap Rate 7%
$796,571
Cap Rate 9%
$619,556
Alternative Uses
Best Use
Office B
$796.6K
$697.0K – $929.3K
NOI $55,760 @ 7.0% cap · market cap 4.85%
Second Best
Mixed Use
$722.8K
$632.4K – $843.2K
NOI $50,593 @ 7.0% cap · market cap 4.40%
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 Office in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Auto shop - C-1 commercial property combines repair facilities, customer areas, and on-site quarters for an owner-operator.
Where is this auto shop located?
The property is located at 934 SW Metropolitan Parkway 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 building on 0.42 acre; Six service bays with five lifts; Self‑contained 1BR/1BA live‑work unit
