Property Location

638 Dill Avenue SW, Atlanta GA 30310

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List Price $549,997
Units 1
Est. Cap Rate 1.1%
Est. Cash-on-Cash -19.6%
Price / Unit $549,997
Est. Year 1 Cash Flow $-26,947 after debt service
638 Dill Avenue SW Atlanta, GA 30310
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Prime commercial investment opportunity! Position in the heart of Atlanta's rapidly transforming Southwest corridor, 638 Dill Ave, presents an exceptional opportunity to acquire a freestanding brick commercial building, and one of the city's most active redevelopment zones. Located within the highly desirable Capitol View community and just moments from the Atlanta Beltline, this property offers investors, developers, entrepreneurs, and owner-users the chance to capitalize on continued growth and revitalization. The property consists of approximately 4849 ft.² situated on a 0.314 acre level lot with approximately 16 to 22 parking spaces. Its flexible commercial zoning and prominent street frontage provides outstanding visibility and accessibility for a variety of business uses. Other highlights include the location being near Metropolitan Parkway and major redevelopment corridors, convenient access to I-75/I-85 and I-20. There is also an opportunity to expand vertically (subject to zoning and approvals). Potential for retail, restaurant, office, creative space, mixed-use concepts, and other commercial uses. The Capitol View neighborhood continues to attract significant investment due to its proximity to the Atlanta Beltline Southside Trail, LEE + White Development, downtown Atlanta, Hartsfield Jackson International Airport, and major transportation corridors. Residence and businesses are increasingly drawn to the areas, walkability, connectivity, historic character, and redevelopment momentum. Other nearby destinations include the West End, downtown Atlanta, Mercedes-Benz, Metropolitan Parkway Commercial corridor and much more!
Investment Notes — Atlanta
  • Located in the Atlanta, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $549,997 Verified
Est. Cap Rate 1.09% Modeled
Est. Cash-on-Cash -19.60% Modeled
Est. Gross Income $13,603 Modeled
Est. NOI $5,985 Modeled
Est. Year 1 Cash Flow $-26,947 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $114 Verified
Confidence scores included Latest FMLS data Transparent modeling
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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap1.1%
Est. CoC-19.6%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7780582 · Listing courtesy of Engel & Volkers Atlanta, Tamie Pettaway · 404-845-7724

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily