Small-Bay Industrial
For Sale
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2501 Park Central Boulevard, Decatur, GA 30035
Industrial building offering a small-bay configuration in Decatur, Georgia.
Property Size31,080 SF
Price / SF$117.44
Days on Market8
Property Features for 2501 Park Central Boulevard
General Information
Standard status
Active
Size
31,080 SF
Property subtype
Industrial
Occupancy
71%
Building Details
Year Built
1982
Year Renovated
2024
Buildings
5
Listing Agency:
Matthews
Listed By:
Harrison Auerbach · License #SL3422263
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 11 at 10:08AM
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 Matthews
Investment Insights
Based on property information with market context.
The property is an industrial building totaling 31,080 square feet. Constructed in 1982, it is located at 2501 Park Central Boulevard in Decatur, Georgia 30035.
The offering includes a pro forma cap rate of approximately 9%.
The offering includes a pro forma cap rate of approximately 9%.
Key Highlights
- 31,080‑square‑foot industrial property
- Small‑bay industrial configuration
- Constructed in 1982
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
$189,335
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
5.19%
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%
$3,786,700
$3.8M
Cap Rate 7%
$2,704,786
$2.7M
Cap Rate 9%
$2,103,722
$2.1M
Market Conditions
NOI Build-Up for 31,080 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
$294.6K $9.48/SF
− Vacancy
−$24.2K −$0.78/SF
EGI
$270.5K $8.70/SF
− OpEx
−$81.1K −$2.61/SF
NOI
$189.3K $6.09/SF
Area
DeKalb 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%
$3,786,700
Cap Rate 7%
$2,704,786
Cap Rate 9%
$2,103,722
Alternative Uses
Best Use
Industrial
$2.70M
$2.37M – $3.16M
NOI $189,335 @ 7.0% cap · market cap 5.19%
Second Best
Flex RnD
$2.59M
$2.26M – $3.02M
NOI $181,173 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$8.69M
$7.60M – $10.14M
NOI $608,163 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Explore this area
Business Placement
Demographics for 30035, GA
22,671
Population
8,731
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
2,667
Density / Sq Mi
$65,733
Median Household Income
$34,246
Median Earnings
$1,522
Median Rent
$217,100
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?
Industrial property - Industrial building offering a small-bay configuration in Decatur, Georgia.
Where is this industrial property located?
The property is located at 2501 Park Central Boulevard Decatur, GA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 31,080‑square‑foot industrial property; Small‑bay industrial configuration; Constructed in 1982
