Warehouse Space Near
For Sale
$300,000
265 SHOAL CREEK RD, Locust Grove, GA 30248
1,440 sqft warehouse with office space, convenient location.
Property Size1,440 SF
Lot Size0.99 Acres
Price / SF$208.33
Days on Market103
Property Features for 265 SHOAL CREEK RD
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.99 Acres
Property subtype
Industrial
Building Details
Year Built
1980
Listing Agency:
Coldwell Banker Commercial Metro Brokers
(404) 457-4411
Listed By:
Clay Shearouse · License #430071
Source:
Commercialcafe
Added: May 19
Changed: Aug 25
Last Checked: Aug 29 at 6:06AM
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 Coldwell Banker Commercial Metro Brokers
Investment Insights
Based on property information with market context.
This property features a 1,440 sqft warehouse space situated on a lot just under one acre. The building offers an open floor plan and includes a small office space that is heated and cooled. The property benefits from its location, with I-75 approximately 2 miles away. The property is currently leased, and the tenant is interested in remaining in place.
Key Highlights
- 1,440 sqft warehouse space
- Located on just under an acre
- Excellent location: only 2 miles from I‑75
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
$10,571
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
3.52%
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%
$211,420
$211.4K
Cap Rate 7%
$151,014
$151.0K
Cap Rate 9%
$117,456
$117.5K
Market Conditions
NOI Build-Up for 1,440 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
$13.7K $9.48/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$12.4K $8.64/SF
− OpEx
−$1.9K −$1.30/SF
NOI
$10.6K $7.34/SF
Area
Henry 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%
$211,420
Cap Rate 7%
$151,014
Cap Rate 9%
$117,456
Alternative Uses
Best Use
Warehouse
$151.0K
$132.1K – $176.2K
NOI $10,571 @ 7.0% cap · market cap 3.52%
Second Best
Industrial
$125.3K
$109.7K – $146.2K
NOI $8,772 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$402.5K
$352.2K – $469.6K
NOI $28,177 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30248, GA
29,502
Population
11,435
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
93%
High-School Grad
70.7 sq mi
ZIP Area
417
Density / Sq Mi
$85,458
Median Household Income
$43,911
Median Earnings
$1,470
Median Rent
$275,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 1,440 sqft warehouse with office space, convenient location.
Where is this warehouse located?
The property is located at 265 SHOAL CREEK RD Locust Grove, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,440 sqft warehouse space; Located on just under an acre; Excellent location: only 2 miles from I‑75
