Class A Industrial
For Sale
$1,190,000
320 Un, Grovetown, GA 30813
Built in 2013 with 15' clear heights and multiple loading doors, plus 750 SF office.
Property Size8,000 SF
Lot Size1.11 Acres
Price / SF$148.75
Days on Market356
Property Features for 320 Un
General Information
Standard status
Active
Size
8,000 SF
Class
A
Lot size
1.11 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
15 ft
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Highway Access
Yes
Amenities
secured entry
gate access
security camera system
Lighted
Lighting
Parking Lot
Paved
Building Details
Year Built
2013
Listing Agency:
MEYBOHM COMMERCIAL PROPERTIES
Listed By:
DANIELLE MEIKRANTZ · License #401159
(706) 736-0700
Source:
Corcoran
Added: Sep 16, 2025
Changed: Aug 21
Last Checked: Sep 5 at 9:15AM
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 MEYBOHM COMMERCIAL PROPERTIES
Investment Insights
Based on property information with market context.
Now available is an approximately 8,000 SF Class A industrial warehouse built in 2013 on 1.11 acres at 320 UN Court. The facility includes 750 SF of office space and a secured entry with gate access, along with a security/camera system. Loading features include two 10' x 10' dock-high doors and one 10' x 12' grade-level door, with 15' clear ceiling heights in the warehouse area. The warehouse is also equipped with three interior refrigeration units for cold storage.
The property is located in an established industrial park just off Interstate 20 (I-20) in Grovetown, GA, and UN Court is directly behind Kroger Marketplace. The Kroger Marketplace is described as drawing 1.8 million visitors per year.
Previously occupied by Pete's Produce, the space is presented for sale or lease and is positioned for distribution and cold-storage related operations given the existing refrigeration equipment.
The property is located in an established industrial park just off Interstate 20 (I-20) in Grovetown, GA, and UN Court is directly behind Kroger Marketplace. The Kroger Marketplace is described as drawing 1.8 million visitors per year.
Previously occupied by Pete's Produce, the space is presented for sale or lease and is positioned for distribution and cold-storage related operations given the existing refrigeration equipment.
Key Highlights
- Built in 2013, 8,000 SF Class A industrial warehouse on 1.11 acres in an established industrial park
- 15' clear ceiling heights with distribution‑ready layout
- Loading features include two 10' x 10' dock‑high doors and one 10' x 12' grade‑level door
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
$61,158
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
5.14%
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%
$1,223,160
$1.2M
Cap Rate 7%
$873,686
$873.7K
Cap Rate 9%
$679,533
$679.5K
Market Conditions
NOI Build-Up for 8,000 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
$78.7K $9.84/SF
− Vacancy
−$6.8K −$0.85/SF
EGI
$72.0K $8.99/SF
− OpEx
−$10.8K −$1.35/SF
NOI
$61.2K $7.64/SF
Area
Columbia County, GA
Vacancy
8.60%
Lease Rate
$9.84 /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%
$1,223,160
Cap Rate 7%
$873,686
Cap Rate 9%
$679,533
Alternative Uses
Best Use
Warehouse
$873.7K
$764.5K – $1.02M
NOI $61,158 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$719.5K
$629.6K – $839.4K
NOI $50,365 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,758 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
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?
Refrigerated & cold storage - Built in 2013 with 15' clear heights and multiple loading doors, plus 750 SF office.
Where is this refrigerated & cold storage located?
The property is located at 320 Un Grovetown, GA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Built in 2013, 8,000 SF Class A industrial warehouse on 1.11 acres in an established industrial park; 15' clear ceiling heights with distribution‑ready layout; Loading features include two 10' x 10' dock‑high doors and one 10' x 12' grade‑level door
