Conyers Office Warehouse For
For Sale
Contact for pricing
1040 Irwin Bridge Rd NW, Conyers, GA 30012
5,850 SF office warehouse with dock doors in Conyers.
Property Size5,850 SF
Lot Size0.39 Acres
Price / SF$140
Days on Market196
Property Features for 1040 Irwin Bridge Rd NW
General Information
Standard status
Active
Size
5,850 SF
Lot size
0.39 Acres
Property subtype
Industrial
Zoning
Industrial (ID) Conyers
Building Details
Year Built
1974
Listing Agency:
Crye-Leike Commercial
(770) 209-1700
Listed By:
Matthew Levin · License #19351
Source:
Crexi
Added: Feb 7
Changed: Aug 13
Last Checked: Aug 20 at 8:51PM
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 Crye-Leike Commercial
Investment Insights
Based on property information with market context.
Located in Conyers, this freestanding 5,850 SF office warehouse is available for sale. The property features 4,850 SF of office space with a dropped ceiling work area and 1,000 SF of column-free warehouse space with a 12 to 14-foot clear height. The warehouse includes two dock-high doors, each measuring 8 feet wide by 10 feet high. Situated on 0.39 acres zoned for industrial use, the property's air conditioning units have been installed within the last two years. The existing heavy office partitioning can be removed to increase warehouse functionality. The front-loading dock door is designed to accommodate tractor trailers. The property is located 1.3 miles from I-20, exit 80, at West Avenue.
Key Highlights
- Convenient location: 1.3 miles from I‑20 exit 80.
- 5,850 SF+ freestanding office warehouse.**
- Includes 4,850 SF+- office space and 1,000 SF+- warehouse space.
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
$42,944
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
5.24%
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%
$858,880
$858.9K
Cap Rate 7%
$613,486
$613.5K
Cap Rate 9%
$477,156
$477.2K
Market Conditions
NOI Build-Up for 5,850 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
$55.5K $9.48/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$50.5K $8.64/SF
− OpEx
−$7.6K −$1.30/SF
NOI
$42.9K $7.34/SF
Area
Rockdale County, 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%
$858,880
Cap Rate 7%
$613,486
Cap Rate 9%
$477,156
Alternative Uses
Best Use
Office B
$1.12M
$979.2K – $1.31M
NOI $78,338 @ 7.0% cap · market cap 9.57%
Second Best
Warehouse
$613.5K
$536.8K – $715.7K
NOI $42,944 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,988 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 5,850 SF office warehouse with dock doors in Conyers.
Where is this warehouse located?
The property is located at 1040 Irwin Bridge Rd NW Conyers, GA.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Convenient location: 1.3 miles from I‑20 exit 80.; 5,850 SF+ freestanding office warehouse.**; Includes 4,850 SF+- office space and 1,000 SF+- warehouse space.
