4810 Old National HwyCollege Park, GA 30337

  • Office properties
  • 18,752 SF
For Lease
$11.50/SF/YR View listing

Property Details for 4810 Old National Hwy

Year built
1983
Lot size
3.29 AC
Property size (Sq ft)
18,752 SF
Zone code
C2
Property type
Office properties
Property subtype
Office buildings
APN
13 0061 LL1446
APU
130061LL1446

Description

The Airport Business Center, a four-building industrial park totaling 45,452 square feet, offers flexible space options ideal for various businesses. Located in Fulton County's Airport/North Clayton submarket, this Class C property boasts a prime location off Old National Highway, across from Old National Mall in College Park, Georgia. The property benefits from excellent access to Interstates 285, 75, and 85, providing convenient transportation links. Built in 1981 and extensively renovated in 2022, the center features 10 suites, with a minimum divisible space of 1,777 square feet and a maximum contiguous space of 5,862 square feet. Currently, 30,091 square feet are vacant. The 3.29-acre lot includes four drive-in bays and ample parking (40 spaces, a ratio of 2.10 per 1,000 square feet). Each building is single-story with a 14-foot ceiling height. The property is zoned for light industrial use (C2) and includes two 200-amp Square D electrical panels. Modern, efficient HVAC systems are installed throughout. The property's high-traffic location offers strong visibility and convenient access to Hartsfield-Jackson Atlanta International Airport (within 5 minutes). The APN is 13-0061-LL-144.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,385,142
    6.5%
    $2,201,670
    7%
    $2,044,407
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,657,765
    Geo Method
    $3,657,765
  • Alternative Use

    Use
    Valuation
    Residential
    $2,730,070
    Hospitality
    $2,500,730
    Educational
    $2,080,578
    Medical
    $2,152,132
    Retail
    $3,236,454
4810 Old National Hwy, College Park, Georgia

Location Insight

City
College Park
County
Fulton
State
Georgia
Latitude
33.624
Longitude
-84.4735
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,207
$444,280
$856,120
$1,300,400
-
$1,110,700
$2,140,300
$3,251,000

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