Industrial Office/Warehouse
For Sale
$4,997,500
1202 Royal Dr SW, Conyers, GA 30094
Industrial office/warehouse building totaling 50,907 SF available for sale in Conyers, Georgia.
Property Size51,093 SF
Price / SF$98.17
Days on Market56
Property Features for 1202 Royal Dr SW
General Information
Standard status
Active
Size
51,093 SF
Property subtype
Industrial
Building Details
Building Size
51,093 SF
Year Built
1986
Listed By:
Connor Winkler, SIOR
(318) 393-8248
Source:
Lee-associates
Added: Jul 12
Changed: Aug 14
Last Checked: Sep 5 at 7:14AM
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 Connor Winkler, SIOR
Investment Insights
Based on property information with market context.
The property is an industrial office/warehouse building offered for sale. It includes a combined industrial and office component, totaling 50,907 square feet.
The asset is located at 1202 Royal Dr SW in Conyers, Georgia and is being marketed specifically as industrial office/warehouse space.
For buyers and brokers, the key takeaway is the facility’s built-in office and warehouse combination within a single industrial property totaling 50,907 SF.
The asset is located at 1202 Royal Dr SW in Conyers, Georgia and is being marketed specifically as industrial office/warehouse space.
For buyers and brokers, the key takeaway is the facility’s built-in office and warehouse combination within a single industrial property totaling 50,907 SF.
Key Highlights
- Industrial office/warehouse building for sale in Conyers, GA
- 50,907 SF total industrial office/warehouse area
- Built in 1986
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
$373,700
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
7.48%
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%
$7,474,000
$7.5M
Cap Rate 7%
$5,338,571
$5.3M
Cap Rate 9%
$4,152,222
$4.2M
Market Conditions
NOI Build-Up for 50,907 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
$482.6K $9.48/SF
− Vacancy
−$43.0K −$0.84/SF
EGI
$439.6K $8.64/SF
− OpEx
−$65.9K −$1.30/SF
NOI
$373.7K $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%
$7,474,000
Cap Rate 7%
$5,338,571
Cap Rate 9%
$4,152,222
Alternative Uses
Best Use
Warehouse
$5.34M
$4.67M – $6.23M
NOI $373,700 @ 7.0% cap · market cap 7.48%
Second Best
Industrial
$4.43M
$3.88M – $5.17M
NOI $310,118 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$14.29M
$12.51M – $16.68M
NOI $1,000,628 @ 7.0% cap · market cap 20.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30094, GA
33,745
Population
12,606
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
94%
High-School Grad
39.3 sq mi
ZIP Area
859
Density / Sq Mi
$87,619
Median Household Income
$42,633
Median Earnings
$1,610
Median Rent
$266,600
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?
Flex space - Industrial office/warehouse building totaling 50,907 SF available for sale in Conyers, Georgia.
Where is this flex space located?
The property is located at 1202 Royal Dr SW Conyers, GA.
What is the asking price?
The asking price for this property is $4,997,500.
What are key features of this property?
This property features: Industrial office/warehouse building for sale in Conyers, GA; 50,907 SF total industrial office/warehouse area; Built in 1986
