Industrial
New
For Sale
$1,890,000
24 Amlajack BLVD, Newnan, GA 30265
Industrial zoning and access to major transportation corridors serve a range of business operations.
Property Size12,502 SF
Price / SF$151.18
Days on Market4
Property Features for 24 Amlajack BLVD
General Information
Standard status
Active
Size
12,502 SF
Zoning
M - Heavy Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,744
Amenities
Central Air
Central
High Speed Internet
Parking Lot, Paved
Building Details
Building Size
12,502 SF
Year Built
1998
Buildings
1
Listed By:
Charles R Davis
(404) 788-1164
Source:
Evrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 9:53AM
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 Charles R Davis
Investment Insights
Based on property information with market context.
The 12,502-square-foot industrial building was constructed in 1998 and is located in Coweta County. Its industrial zoning and size are central features of the property.
The property has access to major transportation corridors and is in an area with residential communities, retail, restaurants, medical facilities, and other commercial development. I-85 is identified as a major corridor in the surrounding county.
The property has access to major transportation corridors and is in an area with residential communities, retail, restaurants, medical facilities, and other commercial development. I-85 is identified as a major corridor in the surrounding county.
Key Highlights
- 12,502 square feet of building area
- Industrial zoning
- Built in 1998
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
$76,160
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
4.03%
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%
$1,523,200
$1.5M
Cap Rate 7%
$1,088,000
$1.1M
Cap Rate 9%
$846,222
$846.2K
Market Conditions
NOI Build-Up for 12,502 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
$118.5K $9.48/SF
− Vacancy
−$9.7K −$0.78/SF
EGI
$108.8K $8.70/SF
− OpEx
−$32.6K −$2.61/SF
NOI
$76.2K $6.09/SF
Area
Coweta County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$1,523,200
Cap Rate 7%
$1,088,000
Cap Rate 9%
$846,222
Alternative Uses
Best Use
Industrial
$1.09M
$952.0K – $1.27M
NOI $76,160 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,635 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 30265, GA
36,697
Population
15,331
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
95%
High-School Grad
44.0 sq mi
ZIP Area
834
Density / Sq Mi
$104,446
Median Household Income
$55,349
Median Earnings
$1,623
Median Rent
$331,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial zoning and access to major transportation corridors serve a range of business operations.
Where is this industrial property located?
The property is located at 24 Amlajack BLVD Newnan, GA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 12,502 square feet of building area; Industrial zoning; Built in 1998
