C-1 Warehouse
For Sale
Contact for pricing
17 Carl Cedar Hill Rd, Winder, GA 30680
C-1-zoned commercial property with warehouse improvements dating to 2004.
Property Size8,000 SF
Price / SF$156.25
Days on Market126
Property Features for 17 Carl Cedar Hill Rd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
C-1
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Harrison Auerbach · License #SL3422263
Source:
Crexi
Added: Apr 27
Changed: Aug 29
Last Checked: Aug 29 at 10:08PM
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 Matthews
Investment Insights
Based on property information with market context.
This warehouse property includes 8,000 square feet of building area and was constructed in 2004. The site carries C-1 zoning and is positioned at 17 Carl Cedar Hill Rd in Winder, Georgia, providing a defined commercial setting for warehouse-oriented operations.
Winder is located in Barrow County within the Atlanta metropolitan area, with access to Interstate 85 and regional transportation networks. The surrounding economy includes distribution, light manufacturing, and service-sector employment, while ongoing residential and infrastructure development contributes to the area's broader commercial activity.
Winder is located in Barrow County within the Atlanta metropolitan area, with access to Interstate 85 and regional transportation networks. The surrounding economy includes distribution, light manufacturing, and service-sector employment, while ongoing residential and infrastructure development contributes to the area's broader commercial activity.
Key Highlights
- 8,000‑square‑foot warehouse property
- C‑1 zoning
- Built in 2004
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
$58,727
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
4.70%
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%
$1,174,540
$1.2M
Cap Rate 7%
$838,957
$839.0K
Cap Rate 9%
$652,522
$652.5K
Market Conditions
NOI Build-Up for 8,000 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
$75.8K $9.48/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$69.1K $8.64/SF
− OpEx
−$10.4K −$1.30/SF
NOI
$58.7K $7.34/SF
Area
Barrow 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%
$1,174,540
Cap Rate 7%
$838,957
Cap Rate 9%
$652,522
Alternative Uses
Best Use
Warehouse
$839.0K
$734.1K – $978.8K
NOI $58,727 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,541 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30680, GA
46,629
Population
17,680
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
87%
High-School Grad
94.9 sq mi
ZIP Area
491
Density / Sq Mi
$77,038
Median Household Income
$41,669
Median Earnings
$1,169
Median Rent
$244,700
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - C-1-zoned commercial property with warehouse improvements dating to 2004.
Where is this warehouse located?
The property is located at 17 Carl Cedar Hill Rd Winder, GA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,000‑square‑foot warehouse property; C‑1 zoning; Built in 2004
