Royal Atlanta Industrial
For Sale
Contact for pricing
2513 Royal Pl, Tucker, GA 30084
20,580 SF industrial property with income and upside potential.
Property Size20,580 SF
Price / SF$189.50
Days on Market97
Property Features for 2513 Royal Pl
General Information
Standard status
Active
Size
20,580 SF
Class
C
Total Parking Spaces
47
Property subtype
Industrial, Mixed Use
Zoning
M
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Powell Property Group, Inc.
(404) 913-8283
Listed By:
Adam Bagci · License #GA 366108
Source:
Crexi
Added: May 26
Changed: Aug 20
Last Checked: Aug 28 at 11:51PM
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 Powell Property Group, Inc.
Investment Insights
Based on property information with market context.
This industrial property, located within Royal Atlanta Business Park, offers an investment and owner-user opportunity. The property has a total area of approximately 20,580 square feet, including approximately 11,400 square feet of warehouse space and approximately 4,800 square feet of available office space. Approximately 4,380 square feet is currently leased and generating rental income through January 2029. The building features 16-foot clear heights, three dock-high doors, and one 12-foot by 14-foot drive-in door. It also offers functional truck access and a flexible industrial layout. The property is suitable for warehouse, distribution, contractor, or flex users. The combination of stable income and available space allows investors and owner-users to increase occupancy and enhance long-term value.
Key Highlights
- Existing cash flow from leased warehouse space (±4,380 SF) through January 2029.
- Opportunity to increase occupancy and enhance value with ±4,800 SF of available office space.
- Flexible industrial layout suitable for warehouse, distribution, contractor, or flex users.
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
$125,370
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
3.21%
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%
$2,507,400
$2.5M
Cap Rate 7%
$1,791,000
$1.8M
Cap Rate 9%
$1,393,000
$1.4M
Market Conditions
NOI Build-Up for 20,580 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
$195.1K $9.48/SF
− Vacancy
−$16.0K −$0.78/SF
EGI
$179.1K $8.70/SF
− OpEx
−$53.7K −$2.61/SF
NOI
$125.4K $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%
$2,507,400
Cap Rate 7%
$1,791,000
Cap Rate 9%
$1,393,000
Alternative Uses
Best Use
Industrial
$1.79M
$1.57M – $2.09M
NOI $125,370 @ 7.0% cap · market cap 3.21%
Second Best
Flex RnD
$1.71M
$1.50M – $2.00M
NOI $119,966 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$5.75M
$5.03M – $6.71M
NOI $402,703 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30084, GA
41,654
Population
15,950
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,796
Density / Sq Mi
$82,747
Median Household Income
$42,528
Median Earnings
$1,617
Median Rent
$332,000
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 - 20,580 SF industrial property with income and upside potential.
Where is this flex space located?
The property is located at 2513 Royal Pl Tucker, GA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Existing cash flow from leased warehouse space (±4,380 SF) through January 2029.; Opportunity to increase occupancy and enhance value with ±4,800 SF of available office space.; Flexible industrial layout suitable for warehouse, distribution, contractor, or flex users.
