Building Details

Year Built 1960

Listing Agency: King Industrial Realty, Inc. b***@kingindustrial.com Show Phone

Listed By: Brandon Huft · License #178207 Show Phone

Source: Kingindustrial

Added: Jun 29 Changed: Jul 10 Last Checked: Aug 16 at 4:20AM

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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 King Industrial Realty, Inc.

Investment Insights

Based on property information with market context.

Suite B offers a warehouse-and-office configuration designed for tenant flexibility, with up to 1,900 SF available for build-to-suit office. The warehouse provides clear-span space with 16' to 19' clear height, supporting a range of industrial and distribution needs.

Access includes a dock-high door plus a shared drive-in door, and the building is front-loaded with a wide truck court for staging and loading. The property also supports the possibility of potential outside storage, depending on how the space is planned.

For buyers evaluating an owner-occupied or tenant-use scenario, this layout can accommodate operations that benefit from both logistics space and on-site administrative functions. The combination of dock-high loading, clear-span interior volume, and build-to-suit office potential makes the suite practical for businesses looking to tailor the balance between warehousing and customer-facing or back-office space. The suite is offered as part of a larger total available offering and is listed for sale at 31 Richards Rd NE, White, GA 30184.

Key Highlights

• 25,000+ SF total for sale, with Suite B offering 10,000+ SF
• Suite B has up to 1,900+ SF build‑to‑suit (BTS) office space
• Front load building with wide truck court and clear‑span warehouse layout

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

$183,521

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

9.20%

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%

$3,670,420 $3.7M

Cap Rate 7%

$2,621,729 $2.6M

Cap Rate 9%

$2,039,122 $2.0M

Market Conditions

NOI Build-Up for 25,000 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

$237.0K $9.48/SF

− Vacancy

−$21.1K −$0.84/SF

EGI

$215.9K $8.64/SF

− OpEx

−$32.4K −$1.30/SF

NOI

$183.5K $7.34/SF

Area

Bartow 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%

$3,670,420

Cap Rate 7%

$2,621,729

Cap Rate 9%

$2,039,122

Alternative Uses

Best Use

Warehouse

$2.62M

$2.29M – $3.06M (±1% cap)

NOI $183,521 @ 7.0% cap · market cap 9.20%

Second Best

Industrial

$2.18M

$1.90M – $2.54M (±1% cap)

NOI $152,296 @ 7.0% cap · market cap 7.63%

Theoretical Best

Office A

$7.02M

$6.14M – $8.19M (±1% cap)

NOI $491,400 @ 7.0% cap · market cap 24.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Hair Salon Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

19 ft

Clear height

1

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

77

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30184, GA

7,501

Population

2,666

Households

2.8

Avg Household Size

42

Median Age

30%

College-Educated

93%

High-School Grad

76.2 sq mi

ZIP Area

98

Density / Sq Mi

$105,750

Median Household Income

$52,638

Median Earnings

$896

Median Rent

$290,900

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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Similar Off Market Nearby

• Bartow Storage Inc. — 3001 Hwy 411, White, GA 30184
• B & B Storage — 34 Oak St NE Lot 22, White, GA 30184

Frequently Asked Questions

What type of property is this?

Warehouse - Flex warehouse suite with clear-span space, dock-high access, and room for up to 1,900 SF of BTS office.

Where is this warehouse located?

The property is located at 31 Richards Rd NE White, GA.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: 25,000+ SF total for sale, with Suite B offering 10,000+ SF; Suite B has up to 1,900+ SF build‑to‑suit (BTS) office space; Front load building with wide truck court and clear‑span warehouse layout