Warehouse Distribution
For Sale
Contact for pricing
1536 Dougherty Ave, Albany, GA 31705
Warehouse/distribution facility with 20-foot clear height and dedicated office space on approximately 6.3 acres.
Property Size33,246 SF
Lot Size6.30 Acres
Price / SF$79.71
Days on Market139
Property Features for 1536 Dougherty Ave
General Information
Standard status
Active
Size
33,246 SF
Lot size
6.30 Acres
Property subtype
Industrial
Additional Details
Clear Height
20 ft
Building Details
Year Built
1998
Listing Agency:
Bird Commercial Real Estate
Listed By:
Frank Bo Bird IV · License #GA 391091
Source:
Crexi
Added: Apr 21
Changed: Aug 28
Last Checked: Aug 29 at 9:47AM
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 Bird Commercial Real Estate
Investment Insights
Based on property information with market context.
This warehouse and distribution facility was constructed in 1998 and totals approximately 33,246 square feet. The property includes a functional industrial layout with approximately 20-foot clear height in the warehouse area, along with approximately 3,046 square feet of dedicated office space.
The facility sits on approximately 6.3 acres, providing outdoor space to support industrial and distribution operations.
Designed to accommodate distribution and industrial activity, the building configuration combines warehouse clear height with on-site office space for day-to-day coordination.
The facility sits on approximately 6.3 acres, providing outdoor space to support industrial and distribution operations.
Designed to accommodate distribution and industrial activity, the building configuration combines warehouse clear height with on-site office space for day-to-day coordination.
Key Highlights
- 33,246 SF warehouse/distribution facility on approximately 6.3 acres in Albany, GA
- Built in 1998 with functional industrial layout for distribution and industrial operations
- Includes approximately 3,046 SF dedicated office space
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
$166,109
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
6.27%
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%
$3,322,180
$3.3M
Cap Rate 7%
$2,372,986
$2.4M
Cap Rate 9%
$1,845,656
$1.8M
Market Conditions
NOI Build-Up for 33,246 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
$207.5K $6.24/SF
− Vacancy
−$12.0K −$0.36/SF
EGI
$195.4K $5.88/SF
− OpEx
−$29.3K −$0.88/SF
NOI
$166.1K $5.00/SF
Area
Dougherty County, GA
Vacancy
5.80%
Lease Rate
$6.24 /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%
$3,322,180
Cap Rate 7%
$2,372,986
Cap Rate 9%
$1,845,656
Alternative Uses
Best Use
Warehouse
$2.37M
$2.08M – $2.77M
NOI $166,109 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,976 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$6.54M
$5.72M – $7.63M
NOI $457,997 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 31705, GA
29,858
Population
12,829
Households
2.3
Avg Household Size
35
Median Age
12%
College-Educated
80%
High-School Grad
140.4 sq mi
ZIP Area
213
Density / Sq Mi
$37,210
Median Household Income
$26,836
Median Earnings
$852
Median Rent
$101,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Warehouse/distribution facility with 20-foot clear height and dedicated office space on approximately 6.3 acres.
Where is this distribution center located?
The property is located at 1536 Dougherty Ave Albany, GA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 33,246 SF warehouse/distribution facility on approximately 6.3 acres in Albany, GA; Built in 1998 with functional industrial layout for distribution and industrial operations; Includes approximately 3,046 SF dedicated office space
