Full-Brick Warehouse with
For Sale
$565,000
307 S US 29, Hogansville, GA 30230
Commercial Sale, Hogansville, GA
Property Size7,440 SF
Lot Size0.62 Acres
Price / SF$75.94
Days on Market123
Property Features for 307 S US 29
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
30
Parking features
Parking Lot
Security features
Security
Window features
Display Window(s)
Fencing
Chain Link, Privacy
Lot features
Interior Lot, Level, Semi Turning Available
Directions
From I-85 take exit 25 and go East off the exit through Downtown Hogansville. Turn left after the RR tracks and the property is a few blocks down on the right.
Standard status
Active
APN
0244D005015
Size
7,440 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1960
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Electric
Water source
Public
Building Details
Year built
1947
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Metal
Listing Agency:
Josey Young & Brady Realty
(770) 683-1800
Listed By:
Russell Berry · License #318950
(678) 416-9241
Added: May 1
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# 10756293
Copyright © 2026 Georgia Multiple Listing Service. 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 7,440-square-foot warehouse was built in 1947 with full-brick construction, concrete flooring, high ceilings, office space, and interior display windows. Two rear roll-up doors support loading activity, while the paved parking lot and space behind the building accommodate delivery and pickup circulation. Chain-link and privacy fencing enclose the 0.62-acre property.
The property is located within Hogansville city limits at 307 S US 29, just outside Downtown/Main Street. Public water and public sewer serve the site, with radiant heating, electric cooling, a metal roof, and cable availability. The existing commercial building is suited to warehouse and related industrial operations, subject to the applicable approvals.
The property is located within Hogansville city limits at 307 S US 29, just outside Downtown/Main Street. Public water and public sewer serve the site, with radiant heating, electric cooling, a metal roof, and cable availability. The existing commercial building is suited to warehouse and related industrial operations, subject to the applicable approvals.
Key Highlights
- 7,440‑square‑foot warehouse on 0.62 acres
- Full‑brick construction with concrete flooring; built in 1947
- Two rear roll‑up doors and space for delivery circulation
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
$40,302
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
7.13%
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%
$806,040
$806.0K
Cap Rate 7%
$575,743
$575.7K
Cap Rate 9%
$447,800
$447.8K
Market Conditions
NOI Build-Up for 7,440 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
$51.0K $6.86/SF
− Vacancy
−$3.6K −$0.49/SF
EGI
$47.4K $6.37/SF
− OpEx
−$7.1K −$0.96/SF
NOI
$40.3K $5.42/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /SF/Yr
Expense Ratio
15.00%
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%
$806,040
Cap Rate 7%
$575,743
Cap Rate 9%
$447,800
Alternative Uses
Best Use
Warehouse
$575.7K
$503.8K – $671.7K
NOI $40,302 @ 7.0% cap · market cap 7.13%
Second Best
Industrial
$474.1K
$414.9K – $553.2K
NOI $33,190 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,530 @ 7.0% cap · market cap 20.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30230, GA
9,145
Population
3,971
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
139.7 sq mi
ZIP Area
65
Density / Sq Mi
$57,835
Median Household Income
$31,525
Median Earnings
$1,127
Median Rent
$170,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Warehouse — 101-B W Main St, Hogansville, GA 30230
- Main Street Mini Storage — 114 E Main St, Hogansville, GA 30230
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with display windows, rear loading access, parking, and delivery circulation on a fenced commercial site.
Where is this warehouse located?
The property is located at 307 S US 29 Hogansville, GA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 7,440‑square‑foot warehouse on 0.62 acres; Full‑brick construction with concrete flooring; built in 1947; Two rear roll‑up doors and space for delivery circulation
