Versatile Warehouse with Office
For Sale
Contact for pricing
24 Hardwood Ridge Parkway, Adairsville, GA 30103
Steel warehouse with office/reception, three bay doors, and updated roof, positioned for contractor and service-oriented operations.
Property Size2,800 SF
Price / SF$196.43
Days on Market56
Property Features for 24 Hardwood Ridge Parkway
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
50
Property subtype
Industrial, Mixed Use
Zoning
IN
Additional Details
Highway Access
Yes
Clear Height
12 ft
Building Details
Year Built
1998
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Listing Agency:
Atlanta Communities
Listed By:
Cheryl Meredith · License #356884
Source:
Crexi
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 9 at 1:55PM
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 Atlanta Communities
Investment Insights
Based on property information with market context.
This versatile steel warehouse/commercial building offers a practical mix of work space and customer or admin space. Approximately 200 sq. ft. of office/reception area supports a service counter or administrative needs, with additional storage rooms, a kitchenette, and a full bathroom. The main warehouse is designed for vehicle or equipment access with three bay doors and 12-foot ceilings, providing a straightforward layout for storage, distribution, or operational workflow. Recent updates include a newer metal roof and insulation, and the property sits on a level lot.
The building is located in Adairsville near Hwy 41 and I-75, positioned behind Tru-Value Hardware. Parking is available in both the front and rear areas, with approximately 20 spaces in the front and about 50 spaces in the rear, supporting customer visits and day-to-day staffing.
The property is suited for a range of owner-user and business uses, including auto mechanic or towing operations, contractor and service businesses, and warehouse or storage needs. It may also work for buyers looking for a warehouse with on-site office space and dedicated functional rooms for daily operations. The real estate is for sale, with equipment, tools, and the existing business available for purchase separately.
The building is located in Adairsville near Hwy 41 and I-75, positioned behind Tru-Value Hardware. Parking is available in both the front and rear areas, with approximately 20 spaces in the front and about 50 spaces in the rear, supporting customer visits and day-to-day staffing.
The property is suited for a range of owner-user and business uses, including auto mechanic or towing operations, contractor and service businesses, and warehouse or storage needs. It may also work for buyers looking for a warehouse with on-site office space and dedicated functional rooms for daily operations. The real estate is for sale, with equipment, tools, and the existing business available for purchase separately.
Key Highlights
- Approx. 2,800 sq. ft. steel warehouse/commercial building on a level lot
- Includes approx. 200 sq. ft. office/reception space plus additional storage rooms
- Three bay doors and 12‑foot ceilings
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
$20,554
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
3.74%
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%
$411,080
$411.1K
Cap Rate 7%
$293,629
$293.6K
Cap Rate 9%
$228,378
$228.4K
Market Conditions
NOI Build-Up for 2,800 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
$26.5K $9.48/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$24.2K $8.64/SF
− OpEx
−$3.6K −$1.30/SF
NOI
$20.6K $7.34/SF
Area
Bartow 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%
$411,080
Cap Rate 7%
$293,629
Cap Rate 9%
$228,378
Alternative Uses
Best Use
Warehouse
$293.6K
$256.9K – $342.6K
NOI $20,554 @ 7.0% cap · market cap 3.74%
Second Best
Industrial
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$786.2K
$688.0K – $917.3K
NOI $55,037 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30103, GA
15,606
Population
5,726
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
103.9 sq mi
ZIP Area
150
Density / Sq Mi
$76,055
Median Household Income
$45,059
Median Earnings
$1,025
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Steel warehouse with office/reception, three bay doors, and updated roof, positioned for contractor and service-oriented operations.
Where is this flex space located?
The property is located at 24 Hardwood Ridge Parkway Adairsville, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approx. 2,800 sq. ft. steel warehouse/commercial building on a level lot; Includes approx. 200 sq. ft. office/reception space plus additional storage rooms; Three bay doors and 12‑foot ceilings
