Industrial Property with Secure
For Sale
$1,100,000
1000 Winterville, Athens, GA 30605
Industrial-zoned property with office space, secure outdoor storage, and existing multi-tenant income potential.
Property Size5,000 SF
Price / SF$220
Days on Market75
Property Features for 1000 Winterville
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
I
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Heavy Power
Yes
Amenities
Central air
Metal Roof
Central Air Cooling
Concrete Flooring
Heating Heating
Vinyl Flooring
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS GREATER ATHENS
(478) 447-0999
Listed By:
JUSTIN WILLIS · License #442612
Source:
Corcoran
Added: May 28
Changed: Aug 8
Last Checked: Aug 8 at 7:43AM
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 KELLER WILLIAMS GREATER ATHENS
Investment Insights
Based on property information with market context.
This industrial-zoned commercial property combines enclosed warehouse and office improvements with secure outdoor storage and practical fleet handling. The site includes a 4,259 SF office/warehouse building plus a secondary 1,100 SF office building for a total of 5,359 SF of enclosed space. Renovated administrative areas are designed for clean, professional operations, while the warehouse and outdoor areas support day-to-day industrial activity. For added flexibility, the property also features eight 20' x 8' storage containers and one 40' x 8' container configured for office/storage use with a window unit, providing approximately 1,600 SF of additional functional storage. Three-phase power is in place to support a wide range of industrial and commercial uses.
The property is located along Winterville Rd with convenient access to Athens, Loop 10, Highway 78, and nearby commercial corridors. Secure yard and parking areas are designed to accommodate trucks, trailers, vans, fleet vehicles, heavy equipment, and material storage. Utilities include city water service and septic sewer service currently in place.
Well-suited for contractors, service-based industrial users, and fleet-oriented operations seeking warehouse, office, and secure yard space with flexible on-site storage options. For investors and owner-users, the property also has an existing income stream from multiple active tenants, while offering future flexibility because there are no long-term leases in place.
The property is located along Winterville Rd with convenient access to Athens, Loop 10, Highway 78, and nearby commercial corridors. Secure yard and parking areas are designed to accommodate trucks, trailers, vans, fleet vehicles, heavy equipment, and material storage. Utilities include city water service and septic sewer service currently in place.
Well-suited for contractors, service-based industrial users, and fleet-oriented operations seeking warehouse, office, and secure yard space with flexible on-site storage options. For investors and owner-users, the property also has an existing income stream from multiple active tenants, while offering future flexibility because there are no long-term leases in place.
Key Highlights
- Industrial‑zoned commercial property in Athens‑Clarke County with warehouse space, office space, and secure yard for industrial operations
- Includes 4,259 SF office/warehouse building plus a secondary 1,100 SF office building for 5,359 SF enclosed total
- Secure outdoor storage with eight 20' x 8' storage containers plus one 40' x 8' container configured for office/storage, totaling about 1,600 SF additional storage
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
$64,719
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
5.88%
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%
$1,294,380
$1.3M
Cap Rate 7%
$924,557
$924.6K
Cap Rate 9%
$719,100
$719.1K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$21.7K −$4.34/SF
EGI
$86.3K $17.26/SF
− OpEx
−$21.6K −$4.31/SF
NOI
$64.7K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /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%
$1,294,380
Cap Rate 7%
$924,557
Cap Rate 9%
$719,100
Alternative Uses
Best Use
Office B
$924.6K
$809.0K – $1.08M
NOI $64,719 @ 7.0% cap · market cap 5.88%
Second Best
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,374 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned property with office space, secure outdoor storage, and existing multi-tenant income potential.
Where is this flex space located?
The property is located at 1000 Winterville Athens, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Industrial‑zoned commercial property in Athens‑Clarke County with warehouse space, office space, and secure yard for industrial operations; Includes 4,259 SF office/warehouse building plus a secondary 1,100 SF office building for 5,359 SF enclosed total; Secure outdoor storage with eight 20' x 8' storage containers plus one 40' x 8' container configured for office/storage, totaling about 1,600 SF additional storage
