Warehouse with Outdoor Storage
For Sale
Contact for pricing
109 Corporate Park East Dr, Lagrange, GA 30241
Light Industrial property combines office space with drive-in access.
Property Size7,242 SF
Price / SF$192.63
Days on Market44
Property Features for 109 Corporate Park East Dr
General Information
Standard status
Active
Size
7,242 SF
Property subtype
Industrial
Zoning
Light Industrial
Listing Agency:
WHN
(404) 350-2576
Listed By:
Matt Sirockman · License #GA 357293
Source:
Crexi
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 5:45PM
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 WHN
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.
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 = 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
$84,686
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
6.07%
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%
$1,693,720
$1.7M
Cap Rate 7%
$1,209,800
$1.2M
Cap Rate 9%
$940,956
$941.0K
Market Conditions
NOI Build-Up for 7,242 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
$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 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%
$1,693,720
Cap Rate 7%
$1,209,800
Cap Rate 9%
$940,956
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,686 @ 7.0% cap · market cap 6.07%
Second Best
Warehouse
$560.4K
$490.4K – $653.8K
NOI $39,230 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,428 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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'
