Buford Warehouse with Outdoor
5355-5356 Palmero Ct Buford, GA 30518
5355-5356 Palmero Ct, Buford, GA, 30518
$4,900,000
For Sale
$4,900,000
24,129 SF warehouse with large, secured yard near I-985.
Property Size24,129 SF
Lot Size2.71 Acres
Price / SF$203.08
Days on Market139
Property Features for 5355-5356 Palmero Ct
General Information
- Standard status
- Active
- Size
- 24,129 SF
- Lot size
- 2.71 Acres
Building Details
- Year Built
- 2007
Listing agency
Bull Realty
(404) 876-1640
Listed by
Darrell Chapman · License #291870
Source
Bullrealty
Added: Mar 5 Updated: Jul 10 at 3:47PM Checked: May 11 at 5:58AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This 24,129 square foot industrial warehouse facility is located in Buford, Georgia, approximately one mile from I-985. The property is situated on 2.71 acres and includes a large parking lot with over 40 spaces. The warehouse features 4,250 square feet of office space, 18 dock-high doors, and 2 grade-level doors. Ceiling heights range from 20 to 24 feet. Constructed with solid masonry and metal, the warehouse is in strong condition, while the office area is ready for cosmetic updates. The property includes a large stabilized yard area permitted for outdoor storage under M-1 zoning. This configuration is suitable for outdoor storage, fleet parking, equipment staging, a laydown yard, or one or two truck courts. It is ideal for contractors, fleet-based businesses, contractors requiring yard storage, equipment rental or building supply companies, and traditional owner-users and investors seeking flexible industrial assets.
Key Highlights
- Large stabilized yard area permitted for outdoor storage (M‑1 zoning).
- Located one mile from I‑985, providing excellent access for distribution.
- 24,129 SF warehouse with 4,250 SF of office space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $228.7k | $9.48 |
| − Vacancy | −$20.4k | −$0.84 |
| EGI | $208.4k | $8.64 |
| − OpEx | −$31.3k | −$1.30 |
| NOI | $177.1k | $7.34 |
24,129 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.53M
$2.21M – $2.95M
NOI $177,127 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,990 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$6.74M
$5.90M – $7.87M
NOI $472,149 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- Lanier RV Storage — 3156 Buford Hwy NE, Rest Haven, GA 30518
- Phillips Storage Facility — 5306 Palmero Ct, Buford, GA 30518
FAQs
What type of property is this?
Warehouse - 24,129 SF warehouse with large, secured yard near I-985.
Where is this warehouse located?
The property is located at 5355-5356 Palmero Ct Buford, GA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Large stabilized yard area permitted for outdoor storage (M‑1 zoning).; Located one mile from I‑985, providing excellent access for distribution.; **24,129 SF warehouse with 4,250 SF of office space.**
