Industrial Warehouse/Gymnastics Facility For
For Sale
Contact for pricing
145 Old Peachtree Rd NW, Suwanee, GA 30024
Industrial warehouse currently used as a gymnastics facility for sale.
Property Size19,079 SF
Price / SF$235.86
Days on Market160
Property Features for 145 Old Peachtree Rd NW
General Information
Standard status
Active
Size
19,079 SF
Class
B
Property subtype
Industrial, Special Purpose
Zoning
C2
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
McBride & Ceballos
Listed By:
Robert McBride · License #GA 238239
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 10 at 2:29PM
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 McBride & Ceballos
Investment Insights
Based on property information with market context.
This 19,079-square-foot industrial warehouse is currently being used as a gymnastics facility. It is suitable for an industrial user and features a wide ceiling span and a height of 25 feet, making it well-suited for sport clubs. The property is offered for sale and could potentially be secured for an investment buyer with a gymnastics tenant. The property can be vacant in 60 days if necessary.
Key Highlights
- Wide ceiling span and 25‑foot height ideal for sport clubs
- Suitable for industrial use
- Can be vacant in 60 days
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
$140,056
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
3.11%
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%
$2,801,120
$2.8M
Cap Rate 7%
$2,000,800
$2.0M
Cap Rate 9%
$1,556,178
$1.6M
Market Conditions
NOI Build-Up for 19,079 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
$180.9K $9.48/SF
− Vacancy
−$16.1K −$0.84/SF
EGI
$164.8K $8.64/SF
− OpEx
−$24.7K −$1.30/SF
NOI
$140.1K $7.34/SF
Area
Gwinnett 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%
$2,801,120
Cap Rate 7%
$2,000,800
Cap Rate 9%
$1,556,178
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.33M
NOI $140,056 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$1.66M
$1.45M – $1.94M
NOI $116,226 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$5.33M
$4.67M – $6.22M
NOI $373,332 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30024, GA
87,115
Population
29,306
Households
3
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
41.7 sq mi
ZIP Area
2,089
Density / Sq Mi
$139,918
Median Household Income
$60,932
Median Earnings
$1,872
Median Rent
$491,400
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.
Similar Off Market Nearby
- Georgia Gymnastics Academy Inc — 145 Old Peachtree Rd NW, Suwanee, GA 30024
- Juan On One Baseball — 50 Old Peachtree Rd NE, Suwanee, GA 30024
- Undiscovered Batting Cages — 50 Old Peachtree Rd NE, Suwanee, GA 30024
- YouFit Gyms — 2855 Lawrenceville-Suwanee Rd #500, Suwanee, GA 30024
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Industrial warehouse currently used as a gymnastics facility for sale.
Where is this fitness center & gym located?
The property is located at 145 Old Peachtree Rd NW Suwanee, GA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Wide ceiling span and 25‑foot height ideal for sport clubs; Suitable for industrial use; Can be vacant in 60 days
