Multi-Tenant Industrial Investment
For Sale
Contact for pricing
4590 S Berkeley Lake Rd NW, Norcross, GA 30071
Fully leased industrial property in Norcross, GA, for sale.
Property Size9,800 SF
Lot Size1.00 Acre
Price / SF$132.65
Days on Market174
Property Features for 4590 S Berkeley Lake Rd NW
General Information
Standard status
Active
Size
9,800 SF
Lot size
1.00 Acre
Property subtype
Industrial
Building Details
Buildings
3
Listing Agency:
Avison Young Parent
(770) 532-9911
Listed By:
Frank Simpson · License #GA 141087
Source:
Crexi
Added: Feb 24
Changed: Aug 15
Last Checked: Aug 13 at 2:32PM
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 Avison Young Parent
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a fully leased, multi-tenant industrial investment property located in the Norcross industrial submarket of Metro Atlanta. The property features three freestanding industrial buildings, totaling approximately 9,800 square feet, situated on approximately 1 acre. The property is currently income-producing with existing tenancy in place. The location benefits from the demand for small-bay industrial product in the Northeast Atlanta corridor.
Key Highlights
- Fully leased multi‑tenant industrial investment.
- Located in the highly desirable Norcross industrial submarket of Metro Atlanta.
- Income‑producing opportunity with existing tenancy in place.
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
$59,700
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
4.59%
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%
$1,194,000
$1.2M
Cap Rate 7%
$852,857
$852.9K
Cap Rate 9%
$663,333
$663.3K
Market Conditions
NOI Build-Up for 9,800 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
$92.9K $9.48/SF
− Vacancy
−$7.6K −$0.78/SF
EGI
$85.3K $8.70/SF
− OpEx
−$25.6K −$2.61/SF
NOI
$59.7K $6.09/SF
Area
Gwinnett 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%
$1,194,000
Cap Rate 7%
$852,857
Cap Rate 9%
$663,333
Alternative Uses
Best Use
Industrial
$852.9K
$746.3K – $995.0K
NOI $59,700 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,763 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
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.
Frequently Asked Questions
What type of property is this?
Industrial property - Fully leased industrial property in Norcross, GA, for sale.
Where is this industrial property located?
The property is located at 4590 S Berkeley Lake Rd NW Norcross, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully leased multi‑tenant industrial investment.; Located in the highly desirable Norcross industrial submarket of Metro Atlanta.; Income‑producing opportunity with existing tenancy in place.
