Leased Manufacturing
New
For Sale
$4,953,080
2462 & 2449 Patterson Bridge Ext, Hephzibah, GA 30815
Four buildings on a two-parcel site support an established metal fabrication operation under a long-term NNN lease.
Property Size65,504 SF
Lot Size17.42 Acres
Days on Market7
Property Features for 2462 & 2449 Patterson Bridge Ext
General Information
Standard status
Active
Size
65,504 SF
Lot size
17.42 Acres
Property subtype
Industrial
Net Operating Income
$390,000
Building Details
Building Size
65,504 SF
Buildings
4
Tenancy
Single
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Holton Brinson · License #361603
(706) 833-1324
Source:
Jordantrotter
Added: Sep 28
Last Checked: Oct 2 at 6:44PM
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 Jordan Trotter Commercial Real Estate
Investment Insights
Based on property information with market context.
The manufacturing property includes four buildings across two parcels totaling approximately 17.42 acres. RAM Fabrication LLC, also known as RAMFab, operates the site producing fabricated metal products for HVAC and related industries. Sheet metal manufacturing has taken place at the property since 1977.
The NNN lease has a 120-month initial term beginning December 9, 2024, and includes three five-year renewal options. The tenant is responsible for real estate taxes, operating expenses, utilities, and most property maintenance. Contractual rent increases by 5% at each renewal period after the first renewal.
The NNN lease has a 120-month initial term beginning December 9, 2024, and includes three five-year renewal options. The tenant is responsible for real estate taxes, operating expenses, utilities, and most property maintenance. Contractual rent increases by 5% at each renewal period after the first renewal.
Key Highlights
- Four buildings across two parcels
- Approximately 17.42 acres
- RAM Fabrication LLC operates a metal fabrication facility serving HVAC and related industries
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
$412,389
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
8.33%
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%
$8,247,780
$8.2M
Cap Rate 7%
$5,891,271
$5.9M
Cap Rate 9%
$4,582,100
$4.6M
Market Conditions
NOI Build-Up for 65,504 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
$644.6K $9.84/SF
− Vacancy
−$55.4K −$0.85/SF
EGI
$589.1K $8.99/SF
− OpEx
−$176.7K −$2.70/SF
NOI
$412.4K $6.30/SF
Area
Richmond County, GA
Vacancy
8.60%
Lease Rate
$9.84 /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%
$8,247,780
Cap Rate 7%
$5,891,271
Cap Rate 9%
$4,582,100
Alternative Uses
Best Use
Industrial
$5.89M
$5.15M – $6.87M
NOI $412,389 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$13.09M
$11.45M – $15.27M
NOI $915,974 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 30815, GA
40,131
Population
15,741
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
89%
High-School Grad
126.6 sq mi
ZIP Area
317
Density / Sq Mi
$65,132
Median Household Income
$34,993
Median Earnings
$1,155
Median Rent
$168,300
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Four buildings on a two-parcel site support an established metal fabrication operation under a long-term NNN lease.
Where is this manufacturing property located?
The property is located at 2462 & 2449 Patterson Bridge Ext Hephzibah, GA.
What is the asking price?
The asking price for this property is $4,953,080.
What are key features of this property?
This property features: Four buildings across two parcels; Approximately 17.42 acres; RAM Fabrication LLC operates a metal fabrication facility serving HVAC and related industries
