Industrial Property with Secure
For Sale
$1,100,000
1000 Winterville Road Athens, Athens, GA 30605
Industrial-zoned property with warehouse, offices, and secure outdoor storage for fleet-based operations and contractors.
Property Size5,359 SF
Price / SF$205.26
Days on Market52
Property Features for 1000 Winterville Road Athens
General Information
Standard status
Active
Size
5,359 SF
Zoning
I
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$3,578
Amenities
Concrete,Vinyl
true
Owner
Square Feet
Chain Link,Fenced,Security
Industrial Park,Level
Public
Delivery Door
1.81
Total Road Frontage Length: 260
Public Records
Industrial Equipment
Paved,Secured,Parking Lot
Gravel,Paved
County Road
5359
2
Building Details
Building Size
5,359 SF
Year Built
1975
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Greater Athens
(706) 480-5310
Listed By:
Shelley Phillips
(706) 480-5310
Source:
Thesoldsquad
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 20 at 4:10AM
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.
The property at 1000 Winterville Rd includes a total of 5,359 SF of enclosed space across a 4,259 SF office/warehouse building and a secondary 1,100 SF office building. Renovated office areas are designed for clean, professional administration, while the warehouse and outdoor areas support day-to-day industrial use. In addition to the enclosed buildings, the site features storage containers for added flexibility, including eight 20' x 8' containers and one 40' x 8' container equipped with a window unit and arranged for office/storage use.
Set up for practical operations, the property provides a secure yard and parking areas suitable for trucks, trailers, vans, fleet vehicles, heavy equipment, and material storage. The site is industrial-zoned with “I” zoning in Athens-Clarke County and includes three-phase power. City water service and septic sewer service are currently in place. The property is located along Winterville Rd with convenient access to Athens and nearby commercial corridors.
This configuration is well-suited for owner-users who need both administrative space and functional industrial storage, as well as contractors and fleet-based businesses seeking secure outdoor space. The offering also includes an existing income stream from multiple active tenants, with no long-term leases in place, giving a new owner flexibility to occupy portions of the property or adjust tenancy as desired. Rent roll is available upon request.
Set up for practical operations, the property provides a secure yard and parking areas suitable for trucks, trailers, vans, fleet vehicles, heavy equipment, and material storage. The site is industrial-zoned with “I” zoning in Athens-Clarke County and includes three-phase power. City water service and septic sewer service are currently in place. The property is located along Winterville Rd with convenient access to Athens and nearby commercial corridors.
This configuration is well-suited for owner-users who need both administrative space and functional industrial storage, as well as contractors and fleet-based businesses seeking secure outdoor space. The offering also includes an existing income stream from multiple active tenants, with no long-term leases in place, giving a new owner flexibility to occupy portions of the property or adjust tenancy as desired. Rent roll is available upon request.
Key Highlights
- Industrial‑zoned property ("I" zoning) in Athens‑Clarke County with two enclosed buildings totaling 5,359 SF
- Includes 4,259 SF office/warehouse building plus a secondary 1,100 SF office building
- Secure paved and secured parking lot with secure yard space for trucks, trailers, vans, fleet vehicles, heavy equipment, and material 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
$39,340
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
3.58%
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%
$786,800
$786.8K
Cap Rate 7%
$562,000
$562.0K
Cap Rate 9%
$437,111
$437.1K
Market Conditions
NOI Build-Up for 5,359 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
$50.8K $9.48/SF
− Vacancy
−$4.5K −$0.84/SF
EGI
$46.3K $8.64/SF
− OpEx
−$6.9K −$1.30/SF
NOI
$39.3K $7.34/SF
Area
Athens, GA
Vacancy
8.90%
Lease Rate
$9.48 /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%
$786,800
Cap Rate 7%
$562,000
Cap Rate 9%
$437,111
Alternative Uses
Best Use
Warehouse
$562.0K
$491.8K – $655.7K
NOI $39,340 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$466.4K
$408.1K – $544.1K
NOI $32,646 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,432 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned property with warehouse, offices, and secure outdoor storage for fleet-based operations and contractors.
Where is this flex space located?
The property is located at 1000 Winterville Road Athens 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 property ("I" zoning) in Athens‑Clarke County with two enclosed buildings totaling 5,359 SF; Includes 4,259 SF office/warehouse building plus a secondary 1,100 SF office building; Secure paved and secured parking lot with secure yard space for trucks, trailers, vans, fleet vehicles, heavy equipment, and material storage
