Warehouse Building for Light Industrial
For Sale
$450,000
5262 Bouldercrest Rd, Ellenwood, GA 30294
Warehouse building zoned GB and suited for garage or light industrial use with a 1960 build date.
Property Size3,900 SF
Price / SF$115.38
Days on Market46
Property Features for 5262 Bouldercrest Rd
General Information
Standard status
Active
Size
3,900 SF
Building Details
Year Built
1960
Listing Agency:
Michael Bailey Commercial Realty
Listed By:
Michael Bailey · License #H79944
(478) 262-5859
Source:
Eternorealtygroup
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 9 at 9:02PM
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 Michael Bailey Commercial Realty
Investment Insights
Based on property information with market context.
This warehouse building is 3,900 SF and zoned GB, providing flexibility for garage or light industrial use. The property was built in 1960 and offers a straightforward indoor footprint for industrial-oriented tenants seeking a warehouse-style space.
The building is located at 5262 Bouldercrest Road in Ellenwood, GA 30294. Zoning supports garage and light industrial use, which can help streamline space fit for qualifying operations.
With its warehouse configuration and GB zoning, the property may be a practical option for users looking for an industrial-leaning building rather than a strictly retail or office layout.
The building is located at 5262 Bouldercrest Road in Ellenwood, GA 30294. Zoning supports garage and light industrial use, which can help streamline space fit for qualifying operations.
With its warehouse configuration and GB zoning, the property may be a practical option for users looking for an industrial-leaning building rather than a strictly retail or office layout.
Key Highlights
- 3,900 SF warehouse building
- Zoned GB for garage or light industrial use
- Built in 1960
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
$28,629
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
6.36%
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%
$572,580
$572.6K
Cap Rate 7%
$408,986
$409.0K
Cap Rate 9%
$318,100
$318.1K
Market Conditions
NOI Build-Up for 3,900 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
$37.0K $9.48/SF
− Vacancy
−$3.3K −$0.84/SF
EGI
$33.7K $8.64/SF
− OpEx
−$5.1K −$1.30/SF
NOI
$28.6K $7.34/SF
Area
DeKalb 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%
$572,580
Cap Rate 7%
$408,986
Cap Rate 9%
$318,100
Alternative Uses
Best Use
Warehouse
$409.0K
$357.9K – $477.2K
NOI $28,629 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.9K – $1.27M
NOI $76,314 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30294, GA
43,552
Population
16,191
Households
2.7
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
32.7 sq mi
ZIP Area
1,332
Density / Sq Mi
$76,731
Median Household Income
$44,075
Median Earnings
$1,622
Median Rent
$233,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Q and K Cleaning Enterprise — 5563 Hosea Ct, Ellenwood, GA 30294
- A&M Cold Storage LLC — 3024 Ellenwood Industrial Dr, Ellenwood, GA 30294
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building zoned GB and suited for garage or light industrial use with a 1960 build date.
Where is this warehouse located?
The property is located at 5262 Bouldercrest Rd Ellenwood, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,900 SF warehouse building; Zoned GB for garage or light industrial use; Built in 1960
