Multi-Tenant Warehouse and
For Sale
$1,100,000
60 Bellamy Ct, Stockbridge, GA 30281
Multi-address warehouse complex with roll-up doors, loading docks, fenced yard entrances, and attached office suite.
Property Size9,312 SF
Price / SF$118.13
Days on Market21
Property Features for 60 Bellamy Ct
General Information
Standard status
Active
Size
9,312 SF
Building Details
Year Built
2000
Listing Agency:
Cox & Company Real Estate, LLC
(404) 274-4478
Listed By:
Kim Owens · License #242953
Source:
Harmonandharmon
Added: Jul 20
Changed: Jul 22
Last Checked: Aug 9 at 9:51AM
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 Cox & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
Versatile multi-tenant warehouse and office complex totaling nearly 10,000 square feet across three addresses. The property includes warehouse bays with roll-up doors and loading docks, with six separate entrances supporting flexible layouts across multiple suites. An attached office component provides a professional workspace with multiple private offices, kitchen/break room areas, and multiple full bathrooms, connected directly to warehouse operations.
The site is set on approximately 1.51 acres with a large, well-maintained paved parking area. The property offers dual public road frontage and includes four fenced yard entrances, supporting secured operations. Utilities include public water and a 3-year-old septic system; heat is available throughout.
Several configurations are described across the units, including drive-up docking and dock bays, separate covered entrances, and designated parking and fenced yard areas for at least certain spaces. Units include shared utilities between 60 Bellamy units, on-site dumpster approval, and features designed for truck access and delivery operations.
The site is set on approximately 1.51 acres with a large, well-maintained paved parking area. The property offers dual public road frontage and includes four fenced yard entrances, supporting secured operations. Utilities include public water and a 3-year-old septic system; heat is available throughout.
Several configurations are described across the units, including drive-up docking and dock bays, separate covered entrances, and designated parking and fenced yard areas for at least certain spaces. Units include shared utilities between 60 Bellamy units, on-site dumpster approval, and features designed for truck access and delivery operations.
Key Highlights
- Nearly 10,000 SF commercial warehouse complex across three addresses on ~1.51 acres
- Five rentable spaces with multiple configurations, including warehouse bays with three roll‑up doors and three loading docks
- Eight distinct commercial spaces with six separate entrances and four fenced yard entrances for secured operations
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
$68,358
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
6.21%
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%
$1,367,160
$1.4M
Cap Rate 7%
$976,543
$976.5K
Cap Rate 9%
$759,533
$759.5K
Market Conditions
NOI Build-Up for 9,312 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
$88.3K $9.48/SF
− Vacancy
−$7.9K −$0.84/SF
EGI
$80.4K $8.64/SF
− OpEx
−$12.1K −$1.30/SF
NOI
$68.4K $7.34/SF
Area
Henry 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%
$1,367,160
Cap Rate 7%
$976,543
Cap Rate 9%
$759,533
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,698 @ 7.0% cap · market cap 11.34%
Second Best
Warehouse
$976.5K
$854.5K – $1.14M
NOI $68,358 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,214 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30281, GA
69,540
Population
29,546
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
69.3 sq mi
ZIP Area
1,003
Density / Sq Mi
$70,587
Median Household Income
$43,672
Median Earnings
$1,427
Median Rent
$235,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-address warehouse complex with roll-up doors, loading docks, fenced yard entrances, and attached office suite.
Where is this flex space located?
The property is located at 60 Bellamy Ct Stockbridge, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Nearly 10,000 SF commercial warehouse complex across three addresses on ~1.51 acres; Five rentable spaces with multiple configurations, including warehouse bays with three roll‑up doors and three loading docks; Eight distinct commercial spaces with six separate entrances and four fenced yard entrances for secured operations
