Fenced Warehouse with Rail
New
For Sale
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199 PARADISE VLY RD, Athens, GA 30607
Fenced industrial site combines warehouse, office, paved parking, and outdoor storage.
Property Size43,300 SF
Lot Size6.00 Acres
Price / SF$96
Days on Market6
Property Features for 199 PARADISE VLY RD
General Information
Standard status
Active
Size
43,300 SF
Lot size
6.00 Acres
Property subtype
Industrial
Zoning
C-R
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
35,500 SF
Office Build-Out
5,900 SF
Mezzanine
7,800 SF
Drive-In Doors
4
Rail Access
Yes
Listing Agency:
Atlas Real Estate Advisors
Listed By:
Chris Blackmon · License #GA 218395
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 6:39AM
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 Atlas Real Estate Advisors
Investment Insights
Based on property information with market context.
This warehouse property includes approximately ~35,500 SF of warehouse space, 5,900 SF of office space, and a 7,800 SF mezzanine. The building has 20' clear heights and four drive-in doors, supporting warehouse, storage, distribution, fleet, and service operations. The ±6-acre property is fully fenced and includes ~1.9 acres of paved parking, outdoor storage, and a 4,080 SF open-front equipment shed.
Located just west of U.S. Highway 441 in Athens, the site includes an existing rail spur along the rear of the property. The spur provides rail access between Nicholson & Madison, with service and operating arrangements subject to independent verification with the applicable railroad. Commercial-Rural (C-R) zoning is in place.
Located just west of U.S. Highway 441 in Athens, the site includes an existing rail spur along the rear of the property. The spur provides rail access between Nicholson & Madison, with service and operating arrangements subject to independent verification with the applicable railroad. Commercial-Rural (C-R) zoning is in place.
Key Highlights
- Approximately ~35,500 SF of warehouse space, 5,900 SF of office space, and a 7,800 SF mezzanine
- ±6‑acre fully fenced industrial site
- 20' clear heights and four 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
$317,858
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
7.57%
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%
$6,357,160
$6.4M
Cap Rate 7%
$4,540,829
$4.5M
Cap Rate 9%
$3,531,756
$3.5M
Market Conditions
NOI Build-Up for 43,300 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
$410.5K $9.48/SF
− Vacancy
−$36.5K −$0.84/SF
EGI
$374.0K $8.64/SF
− OpEx
−$56.1K −$1.30/SF
NOI
$317.9K $7.34/SF
Area
Athens, 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%
$6,357,160
Cap Rate 7%
$4,540,829
Cap Rate 9%
$3,531,756
Alternative Uses
Best Use
Warehouse
$4.54M
$3.97M – $5.30M
NOI $317,858 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$3.77M
$3.30M – $4.40M
NOI $263,777 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$10.44M
$9.13M – $12.18M
NOI $730,682 @ 7.0% cap · market cap 17.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30607, GA
11,383
Population
4,504
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
37.2 sq mi
ZIP Area
306
Density / Sq Mi
$63,727
Median Household Income
$35,972
Median Earnings
$1,012
Median Rent
$235,000
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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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial site combines warehouse, office, paved parking, and outdoor storage.
Where is this warehouse located?
The property is located at 199 PARADISE VLY RD Athens, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Approximately ~35,500 SF of warehouse space, 5,900 SF of office space, and a 7,800 SF mezzanine; ±6‑acre fully fenced industrial site; 20' clear heights and four drive‑in doors
