Villa Rica Warehouse with
For Sale
Contact for pricing
40 Conners Rd, Villa Rica, GA 30180
48,900 SF warehouse on 2.69 acres near I-20.
Property Size48,900 SF
Lot Size2.69 Acres
Price / SF$67.48
Days on Market822
Property Features for 40 Conners Rd
General Information
Standard status
Active
Size
48,900 SF
Lot size
2.69 Acres
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Sauls Storage Group
(770) 301-1886
Listed By:
Mike Patterson, CCIM · License #GA 231139
Source:
Crexi
Added: May 21, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:18AM
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 Sauls Storage Group
Investment Insights
Based on property information with market context.
This 48,900 square foot warehouse is situated on a 2.69-acre lot. The property features five docks and three grade-level doors. It is equipped with heavy power, offering 4,000 amps at 480 VAC with 3-phase electrical service. The building includes 2,500 square feet of office space, along with a driver lounge and logistics office. The warehouse has a 22-foot clear height and a wet fire suppression sprinkler system. An active rail spur is located on the property. The location is less than one mile from I-20, exit 26.
Key Highlights
- Active rail spur for efficient transportation.
- Heavy power (4,000 amps, 480 VAC, 3 phase) ready for industrial use.
- Less than 1 mile from I‑20, exit 26.
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
$297,891
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
9.03%
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%
$5,957,820
$6.0M
Cap Rate 7%
$4,255,586
$4.3M
Cap Rate 9%
$3,309,900
$3.3M
Market Conditions
NOI Build-Up for 48,900 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
$463.6K $9.48/SF
− Vacancy
−$38.0K −$0.78/SF
EGI
$425.6K $8.70/SF
− OpEx
−$127.7K −$2.61/SF
NOI
$297.9K $6.09/SF
Area
Carroll County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$5,957,820
Cap Rate 7%
$4,255,586
Cap Rate 9%
$3,309,900
Alternative Uses
Best Use
Warehouse
$5.13M
$4.49M – $5.98M
NOI $358,967 @ 7.0% cap · market cap 10.88%
Second Best
Industrial
$4.26M
$3.72M – $4.96M
NOI $297,891 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$13.67M
$11.96M – $15.95M
NOI $956,860 @ 7.0% cap · market cap 29.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30180, GA
39,398
Population
15,447
Households
2.6
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
77.4 sq mi
ZIP Area
509
Density / Sq Mi
$88,269
Median Household Income
$44,076
Median Earnings
$1,464
Median Rent
$257,200
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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- Flex Storage, Villa Rica — 434 Edge Rd, Villa Rica, GA 30180
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- UnderTow — 10025 Bankhead Hwy, Villa Rica, GA 30180
Frequently Asked Questions
What type of property is this?
Warehouse - 48,900 SF warehouse on 2.69 acres near I-20.
Where is this warehouse located?
The property is located at 40 Conners Rd Villa Rica, GA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Active rail spur for efficient transportation.; Heavy power (4,000 amps, 480 VAC, 3 phase) ready for industrial use.; Less than 1 mile from I‑20, exit 26.
