Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    506 Pegasus Pkwy Lagrange, GA 30240

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial warehouse space for lease in LaGrange, Georgia.

    We can help!

    Listing Contact
    Wesley Budd
    Source: Naibg

    Listing Agent: Wesley Budd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    LaGrange Warehouse Space Available

    Located in LaGrange, Georgia, the available space ranges from 100,000 to 357,851 square feet. The property is strategically positioned 3 miles off I-85 at Exit 13. The configuration is rear load with a clear height of 36 feet. It features 63 dock-high doors (9' x 10') and 2 drive-in doors (12' x 14'). The dimensions of the space are 340' x 1050'. There are 57 trailer parking spaces, expandable to 74, and 201 auto parking spaces, expandable to 342. The property has 2,000 Amps of power, 480/277 Volt, 3-Phase.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Building Supply Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.048852
    Latitude
    32.988943

    Nearby Similar for Lease

    • $2,500 /Mo
      18,321 SF

      Historic Building in Downtown LaGrange

      Restored historic building with suites and offices for rent.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • $750 /Mo
      18,321 SF

      Historical Building in Downtown LaGrange

      Suites available in a historical building near the courthouse.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • $2,950 /Mo
      1,550 SF

      Updated Office Space in Lagrange

      Updated office space in the heart of Lagrange, Georgia.
      208 Smith St, Lagrange, GA 30240
      View Details
    • $1,250 /Mo
      10,890 SF

      Downtown Lagrange Office Suite

      Professional office suite for lease in downtown Lagrange, Georgia.
      101 New Franklin Rd Unit Office, Lagrange, GA 30240
      View Details
    • $6,500 /Mo
      10,000 SF

      Lagrange Industrial Warehouse For Lease

      Industrial warehouse or manufacturing building for lease in Lagrange.
      1504 Orchard Hill Rd, Lagrange, GA 30240
      View Details
    • $1,500 /Mo
      15,600 SF

      Commercial Space in Lagrange, GA

      Versatile commercial space suitable for office, retail, or church.
      120 Gordon Commercial Dr, Lagrange, GA 30240
      View Details
    • $6 SF/Yr

      LaGrange Industrial Building For Lease

      53,700 SF industrial building with office space in LaGrange, GA.
      210 Lukken Industrial Dr E, Lagrange, GA 30241
      View Details
    • $6 SF/Yr

      LaGrange Industrial Building For Lease

      53,700 SF industrial building with office space available for lease.
      210 Lukken Industrial Dr E, Lagrange, GA 30241
      View Details
    • Contact for pricing
      3,100 SF

      Retail Space in LaGrange Plaza

      Retail space available in Publix-anchored shopping center in LaGrange, GA.
      137-161 Commerce Ave, Lagrange, GA 30241
      View Details
    • Contact for pricing

      LaGrange Warehouse Space Available

      190,000 SF warehouse space for lease near I-85.
      1475 South Davis Rd, Lagrange, GA 30241
      View Details
    • Contact for pricing

      New Industrial Buildings Near I-85

      Two 45,000 SF industrial buildings for lease near I-85.
      1921 Greenville Rd, Lagrange, GA 30241
      View Details
    • Contact for pricing

      New Industrial Buildings For Lease

      Two new 45,000 SF industrial buildings for lease.
      1921 Greenville Rd, Lagrange, GA 30241
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space for lease in LaGrange, Georgia.
    Where is this warehouse located?
    The property is located at 506 Pegasus Pkwy Lagrange, GA.
    What are key features of this property?
    This property features: - Large leasable area: 357,851 SF; - Strategic location: 3 miles off I-85 at Exit 13; - Benefit from a high number of dock doors: 63 Dock Highs (9' x 10')
    (404) 812-4065
    Request Owner's contact information
    506 Pegasus Pkwy Lagrange, GA 30240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 Pegasus Pkwy
    Lagrange, GA 30240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    506 Pegasus Pkwy Lagrange, GA 30240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Wesley Budd
    (404) 812-4065
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!