Fenced Warehouse with Rail
For Sale
Contact for pricing
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 Market51
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: Oct 25
Last Checked: Oct 28 at 5:33AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$317,858
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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
