Industrial
For Sale
Contact for pricing
126 P Rickman Industrial Dr, Canton, GA 30115
LI-zoned industrial facility completed in 1998.
Property Size15,000 SF
Price / SF$175
Days on Market178
Property Features for 126 P Rickman Industrial Dr
General Information
Standard status
Active
Size
15,000 SF
Class
B
Property subtype
Industrial
Zoning
LI
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Listing Agency:
Vision Commercial Advisors, Inc.
Listed By:
David Hacker · License #174269
(770) 329-2878
Source:
Crexi
Added: Mar 11
Changed: Aug 29
Last Checked: Sep 2 at 11:25AM
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 Vision Commercial Advisors, Inc.
Investment Insights
Based on property information with market context.
This industrial property contains 15,000 square feet and was constructed in 1998. The asset carries LI zoning, supporting its classification as an industrial facility.
Located at 126 P Rickman Industrial Dr in Canton, Georgia, the property offers a defined industrial-use setting within the city.
Located at 126 P Rickman Industrial Dr in Canton, Georgia, the property offers a defined industrial-use setting within the city.
Key Highlights
- 15,000 SqFt industrial property
- LI zoning
- Built in 1998
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
$91,378
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
3.48%
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%
$1,827,560
$1.8M
Cap Rate 7%
$1,305,400
$1.3M
Cap Rate 9%
$1,015,311
$1.0M
Market Conditions
NOI Build-Up for 15,000 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
$142.2K $9.48/SF
− Vacancy
−$11.7K −$0.78/SF
EGI
$130.5K $8.70/SF
− OpEx
−$39.2K −$2.61/SF
NOI
$91.4K $6.09/SF
Area
Cherokee County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$1,827,560
Cap Rate 7%
$1,305,400
Cap Rate 9%
$1,015,311
Alternative Uses
Best Use
Industrial
$1.31M
$1.14M – $1.52M
NOI $91,378 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.69M – $4.91M
NOI $294,840 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 30115, GA
49,804
Population
19,016
Households
2.6
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
73.2 sq mi
ZIP Area
680
Density / Sq Mi
$113,346
Median Household Income
$49,893
Median Earnings
$1,739
Median Rent
$439,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - LI-zoned industrial facility completed in 1998.
Where is this industrial property located?
The property is located at 126 P Rickman Industrial Dr Canton, GA.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: 15,000 SqFt industrial property; LI zoning; Built in 1998
