Industrial Warehouse with Dock
For Sale
Contact for pricing
170 Andrew Drive, Stockbridge, GA 30281
M-1 industrial zoning supports warehouse use with dock-high and drive-in loading access.
Property Size12,000 SF
Lot Size1.02 Acres
Price / SF$116.67
Days on Market16
Property Features for 170 Andrew Drive
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.02 Acres
Property subtype
Industrial
Zoning
M-1 (Industrial)
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
2
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Buildings
1
Building Size
12,000 SF
Listing Agency:
OnPace Partners
Listed By:
Chase Mathews · License #405133
Source:
Crexi
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 12 at 6:48AM
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 OnPace Partners
Investment Insights
Based on property information with market context.
This 12,000-square-foot warehouse on 1.02 acres was built in 1995 and is configured for industrial operations. The building provides 18-foot clear height, wet sprinklers, two dock-high doors, and two drive-in doors. Zoning is M-1 (Industrial).
The property is at 170 Andrew Drive in Stockbridge, Georgia, with stated drive times of 4 minutes to I-75, 9 minutes to I-675, and 21 minutes to Hartsfield-Jackson Atlanta International Airport. Its combination of warehouse volume, multiple loading points, and regional highway and airport access supports a range of industrial occupancy requirements.
The property is at 170 Andrew Drive in Stockbridge, Georgia, with stated drive times of 4 minutes to I-75, 9 minutes to I-675, and 21 minutes to Hartsfield-Jackson Atlanta International Airport. Its combination of warehouse volume, multiple loading points, and regional highway and airport access supports a range of industrial occupancy requirements.
Key Highlights
- 12,000 square feet on 1.02 acres
- 18‑foot clear height with wet sprinklers
- 2 dock‑high doors and 2 drive‑in doors
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
$88,090
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
6.29%
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%
$1,761,800
$1.8M
Cap Rate 7%
$1,258,429
$1.3M
Cap Rate 9%
$978,778
$978.8K
Market Conditions
NOI Build-Up for 12,000 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
$113.8K $9.48/SF
− Vacancy
−$10.1K −$0.84/SF
EGI
$103.6K $8.64/SF
− OpEx
−$15.5K −$1.30/SF
NOI
$88.1K $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%
$1,761,800
Cap Rate 7%
$1,258,429
Cap Rate 9%
$978,778
Alternative Uses
Best Use
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.94M – $3.91M
NOI $234,812 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Well-served
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 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 - M-1 industrial zoning supports warehouse use with dock-high and drive-in loading access.
Where is this warehouse located?
The property is located at 170 Andrew Drive Stockbridge, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12,000 square feet on 1.02 acres; 18‑foot clear height with wet sprinklers; 2 dock‑high doors and 2 drive‑in doors
