Building Details

Building Size 6,000 SF

Year Built 1996

Listing Agency: COLDWELL BANKER FREE REALTY

Listed By: Joe Meadows Jr. · License #254304 Show Phone

Source: Afrealtygroup

Added: Aug 27 Changed: Oct 11 Last Checked: Oct 11 at 11:27AM

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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 FREE REALTY

Investment Insights

Based on property information with market context.

Built in 1996, this 6,000-square-foot warehouse includes office space and occupies approximately 10 acres. The property is zoned M-2 General Industrial, with city water and sewer available.

Situated within Perry city limits, the site offers room for expansion or additional development. Its industrial zoning and warehouse configuration support warehouse, distribution, contractor, manufacturing, storage, and other commercial uses.

Key Highlights

• 6,000 SF warehouse with office space
• Approximately 10 acres
• M‑2 General Industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,223

Cap Rate

3.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,460 $684.5K

Cap Rate 7%

$488,900 $488.9K

Cap Rate 9%

$380,256 $380.3K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$43.2K $7.20/SF

− Vacancy

−$2.9K −$0.49/SF

EGI

$40.3K $6.71/SF

− OpEx

−$6.0K −$1.01/SF

NOI

$34.2K $5.70/SF

Area

Houston County, GA

Vacancy

6.80%

Lease Rate

$7.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$684,460

Cap Rate 7%

$488,900

Cap Rate 9%

$380,256

Alternative Uses

Best Use

Warehouse

$488.9K

$427.8K – $570.4K (±1% cap)

NOI $34,223 @ 7.0% cap · market cap 3.20%

Second Best

Industrial

$366.3K

$320.5K – $427.4K (±1% cap)

NOI $25,641 @ 7.0% cap · market cap 2.40%

Theoretical Best

Office A

$1.30M

$1.13M – $1.51M (±1% cap)

NOI $90,651 @ 7.0% cap · market cap 8.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Building Supply Law Firm HVAC Service Electrical Service Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

263

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 31069, GA

22,915

Population

9,389

Households

2.4

Avg Household Size

38

Median Age

28%

College-Educated

94%

High-School Grad

99.8 sq mi

ZIP Area

230

Density / Sq Mi

$75,526

Median Household Income

$48,601

Median Earnings

$997

Median Rent

$205,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Office space, M-2 General Industrial zoning, and municipal water and sewer support a range of industrial operations.

Where is this warehouse located?

The property is located at 302/320 Valley Drive Perry, GA.

What is the asking price?

The asking price for this property is $1,070,500.

What are key features of this property?

This property features: 6,000 SF warehouse with office space; Approximately 10 acres; M‑2 General Industrial zoning