Industrial Warehouse Space For
For Sale
$5,130,000
425 Wilbanks Dr, Ball Ground, GA 30107
38,000 square foot industrial warehouse in Ball Ground, GA.
Property Size38,000 SF
Days on Market280
Property Features for 425 Wilbanks Dr
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Industrial
Building Details
Building Size
38,000 SF
Year Built
1997
Listing Agency:
Lee & Associates - Atlanta
(770) 354-5981
Listed By:
Billy Snowden, SIOR · License #250679
(770) 354-5981
Source:
Lee-associates
Added: Nov 24, 2025
Changed: Aug 26
Last Checked: Aug 30 at 2:09PM
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 Lee & Associates - Atlanta
Investment Insights
Based on property information with market context.
This industrial property, located in Ball Ground, GA, features a 38,000 square foot warehouse. It is classified under industrial properties and other warehouses.
Key Highlights
- 38,000 square foot industrial warehouse
- Located in Ball Ground, GA
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
$278,952
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
5.44%
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%
$5,579,040
$5.6M
Cap Rate 7%
$3,985,029
$4.0M
Cap Rate 9%
$3,099,467
$3.1M
Market Conditions
NOI Build-Up for 38,000 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
$360.2K $9.48/SF
− Vacancy
−$32.1K −$0.84/SF
EGI
$328.2K $8.64/SF
− OpEx
−$49.2K −$1.30/SF
NOI
$279.0K $7.34/SF
Area
Cherokee 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%
$5,579,040
Cap Rate 7%
$3,985,029
Cap Rate 9%
$3,099,467
Alternative Uses
Best Use
Warehouse
$3.99M
$3.49M – $4.65M
NOI $278,952 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$3.31M
$2.89M – $3.86M
NOI $231,490 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$10.67M
$9.34M – $12.45M
NOI $746,928 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 30107, GA
16,528
Population
6,536
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
108.1 sq mi
ZIP Area
153
Density / Sq Mi
$105,561
Median Household Income
$49,962
Median Earnings
$1,120
Median Rent
$364,300
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?
Industrial property - 38,000 square foot industrial warehouse in Ball Ground, GA.
Where is this industrial property located?
The property is located at 425 Wilbanks Dr Ball Ground, GA.
What is the asking price?
The asking price for this property is $5,130,000.
What are key features of this property?
This property features: 38,000 square foot industrial warehouse; Located in Ball Ground, GA
