Listing Agency: WHN

Listed By: Matt Sirockman · License #GA 357293 Show Phone

Source: Crexi

Added: Jul 20 Changed: Oct 1 Last Checked: Oct 14 at 10:18PM

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Investment Insights

Based on property information with market context.

This warehouse property at 109 Corporate Park East Dr in LaGrange, Georgia, contains 7,242 square feet, including approximately 1,500 square feet configured as office space. The building provides three drive-in doors measuring 10 feet by 12 feet and offers 18.5 feet of clear height.

The approximately 2.12-acre site is zoned Light Industrial and includes about 1.00 acre of yard area for outdoor storage. The combination of enclosed warehouse space, dedicated office area, drive-in loading, and usable yard space supports industrial operations requiring both building and exterior storage capacity.

Key Highlights

• 7,242 square feet of total building space
• Approximately 1,500 square feet of office space
• Three drive‑in doors measuring 10' x 12'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,686

Cap Rate

6.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,693,720 $1.7M

Cap Rate 7%

$1,209,800 $1.2M

Cap Rate 9%

$940,956 $941.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,242 SF

Gross rent

$123.4K $17.04/SF

− Vacancy

−$10.5K −$1.45/SF

EGI

$112.9K $15.59/SF

− OpEx

−$28.2K −$3.90/SF

NOI

$84.7K $11.69/SF

Area

Troup County, GA

Vacancy

8.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,693,720

Cap Rate 7%

$1,209,800

Cap Rate 9%

$940,956

Alternative Uses

Best Use

Office B

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,686 @ 7.0% cap · market cap 6.07%

Second Best

Warehouse

$560.4K

$490.4K – $653.8K (±1% cap)

NOI $39,230 @ 7.0% cap · market cap 2.81%

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,428 @ 7.0% cap · market cap 8.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery HVAC Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30241, GA

25,509

Population

10,433

Households

2.4

Avg Household Size

37

Median Age

18%

College-Educated

88%

High-School Grad

112.4 sq mi

ZIP Area

227

Density / Sq Mi

$47,988

Median Household Income

$34,411

Median Earnings

$1,077

Median Rent

$167,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Light Industrial property combines office space with drive-in access.

Where is this warehouse located?

The property is located at 109 Corporate Park East Dr Lagrange, GA.

What is the asking price?

The asking price for this property is $1,395,000.

What are key features of this property?

This property features: 7,242 square feet of total building space; Approximately 1,500 square feet of office space; Three drive‑in doors measuring 10' x 12'