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

Listed By: Brandon Huft · License #178207 Show Phone

Source: Moodyscre

Added: Jun 29 Changed: Aug 8 Last Checked: Aug 8 at 11:11AM

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Investment Insights

Based on property information with market context.

This 25,000± SF warehouse at 31 Richards Rd NE in White, GA, features a front-load configuration, clear-span interior, and 16'–19' clear heights. The property includes one dock-high door and a shared drive-in door, supporting multiple loading options. A wide truck court provides maneuvering space, while potential outside storage adds flexibility for operational needs.

Suite B is also identified as a 10,000± SF space with up to 1,900± SF of BTS office area. The combination of warehouse volume, loading infrastructure, and office capacity supports a range of commercial and industrial uses, subject to applicable approvals.

Key Highlights

• 25,000± SF total warehouse space
• Clear‑span building with 16' - 19' clear height
• Front‑load design with wide truck court

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

Office B

$4.78M

$4.18M – $5.58M (±1% cap)

NOI $334,777 @ 7.0% cap · market cap 16.78%

Second Best

Warehouse

$2.62M

$2.29M – $3.06M (±1% cap)

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

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

Current Use

Office Units

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

99

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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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
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Frequently Asked Questions

What type of property is this?

Warehouse - Clear-span warehouse with a broad truck court, dock-high loading, and shared drive-in access.

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 warehouse space; Clear‑span building with 16' - 19' clear height; Front‑load design with wide truck court