Freestanding Industrial Building Near
For Sale
Contact for pricing
317 Un Ct, Grovetown, GA
5,000 SF industrial building on 1.01 acre lot.
Property Size5,000 SF
Lot Size1.01 Acres
Price / SF$130
Days on Market573
Property Features for 317 Un Ct
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.01 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Southeastern
(706) 722-5565
Listed By:
Luke Coffey · License #GA 383918
(651) 271-8098
Source:
Moodyscre
Added: Feb 17, 2025
Changed: Sep 5
Last Checked: Sep 13 at 5:02AM
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 Southeastern
Investment Insights
Based on property information with market context.
This 5,000 square foot freestanding building offers high visibility and is located off William Few Parkway, less than one mile from I-20. The property is situated on a 1.01 acre lot and is currently zoned LI - Light Industrial. The building features a reception area, two individual offices, a break room, warehouse space, and two half-bathrooms. It also includes a covered loading dock. A spacious front parking lot provides ample parking for clients, customers, and employees. The property is best suited for a light manufacturing company, distribution, service industry providers, or other similar businesses. The location is close to an abundance of other area businesses, service providers, and offices, on a road with an average daily traffic count of 10,100.
Key Highlights
- High visibility location off William Few Parkway, less than 1 mile from I‑20.
- 5,000 sqft building suitable for light manufacturing, distribution, or service industry.
- Zoned LI - Light Industrial.
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
$38,223
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
5.88%
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%
$764,460
$764.5K
Cap Rate 7%
$546,043
$546.0K
Cap Rate 9%
$424,700
$424.7K
Market Conditions
NOI Build-Up for 5,000 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
$49.2K $9.84/SF
− Vacancy
−$4.2K −$0.85/SF
EGI
$45.0K $8.99/SF
− OpEx
−$6.7K −$1.35/SF
NOI
$38.2K $7.64/SF
Area
Columbia County, GA
Vacancy
8.60%
Lease Rate
$9.84 /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%
$764,460
Cap Rate 7%
$546,043
Cap Rate 9%
$424,700
Alternative Uses
Best Use
Warehouse
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 5.88%
Second Best
Industrial
$449.7K
$393.5K – $524.6K
NOI $31,478 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,474 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
151
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 5,000 SF industrial building on 1.01 acre lot.
Where is this manufacturing property located?
The property is located at 317 Un Ct Grovetown, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High visibility location off William Few Parkway, less than 1 mile from I‑20.; 5,000 sqft building suitable for light manufacturing, distribution, or service industry.; Zoned LI - Light Industrial.
