51,000 SF Office/Warehouse
For Sale
$3,500,000
5003 Wrightsboro Rd, Grovetown, GA 30813
Fully leased office/warehouse with expansion potential on 6.13 acres.
Property Size51,000 SF
Lot Size6.13 Acres
Price / SF$68.63
Days on Market113
Property Features for 5003 Wrightsboro Rd
General Information
Standard status
Active
Size
51,000 SF
Lot size
6.13 Acres
Property subtype
Industrial
Building Details
Building Size
51,000 SF
Year Built
1995
Listing Agency:
Atkins Commercial Properties
Listed By:
Scott A. Atkins, SIOR, CCIM · License #GA #205233
(706) 951-6630
Source:
Atkinsrealty
Added: May 21
Changed: Sep 8
Last Checked: Sep 9 at 3:03PM
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 Atkins Commercial Properties
Investment Insights
Based on property information with market context.
This 51,000 square foot office and warehouse facility was originally constructed in 1995, with additions and complete renovations completed in 2011. The building is 100% leased to Nutritional Resources, Inc., a food grade manufacturer of nutritional weight loss products. The office area comprises 3,000 square feet and includes private offices, conference rooms, and break rooms. The warehouse and manufacturing areas total 48,000 square feet, are fully air-conditioned, and are serviced by 6 dock-high doors and 1 drive-in door. Constructed with all masonry and steel, the building is fully sprinklered and situated on 6.13 acres, offering room for building expansion. The property is zoned M-2. The location is near Georgia Iron Works, John Deere manufacturing plants, Augusta Regional Airport, and the Augusta Exchange shopping center. Major highways such as I-20, I-520, and US-78 are nearby, ensuring connectivity for distribution and transportation.
Key Highlights
- 100% Leased to food grade manufacturer providing immediate income.
- Large 51,000 sq ft Office/Warehouse with 48,000 sq. ft. of fully air‑conditioned warehouse and manufacturing space.
- Located on 6.13 acres zoned M‑2, allowing for building expansion.
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
$321,077
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
9.17%
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%
$6,421,540
$6.4M
Cap Rate 7%
$4,586,814
$4.6M
Cap Rate 9%
$3,567,522
$3.6M
Market Conditions
NOI Build-Up for 51,000 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
$501.8K $9.84/SF
− Vacancy
−$43.2K −$0.85/SF
EGI
$458.7K $8.99/SF
− OpEx
−$137.6K −$2.70/SF
NOI
$321.1K $6.30/SF
Area
Columbia County, GA
Vacancy
8.60%
Lease Rate
$9.84 /SF/Yr
Expense Ratio
30.00%
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%
$6,421,540
Cap Rate 7%
$4,586,814
Cap Rate 9%
$3,567,522
Alternative Uses
Best Use
Warehouse
$5.57M
$4.87M – $6.50M
NOI $389,879 @ 7.0% cap · market cap 11.14%
Second Best
Industrial
$4.59M
$4.01M – $5.35M
NOI $321,077 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$16.10M
$14.09M – $18.78M
NOI $1,126,834 @ 7.0% cap · market cap 32.20%
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
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully leased office/warehouse with expansion potential on 6.13 acres.
Where is this manufacturing property located?
The property is located at 5003 Wrightsboro Rd Grovetown, GA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% Leased to food grade manufacturer providing immediate income.; Large 51,000 sq ft Office/Warehouse with 48,000 sq. ft. of fully air‑conditioned warehouse and manufacturing space.; Located on 6.13 acres zoned M‑2, allowing for building expansion.
