Buford Warehouse with Outdoor
For Sale
$4,900,000
5355-5356 Palmero Ct, Buford, GA 30518
24,129 SF warehouse with large, secured yard near I-985.
Property Size24,129 SF
Lot Size2.71 Acres
Price / SF$203.08
Days on Market168
Property Features for 5355-5356 Palmero Ct
General Information
Standard status
Active
Size
24,129 SF
Lot size
2.71 Acres
Building Details
Year Built
2007
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Darrell Chapman · License #291870
Source:
Bullrealty
Added: Mar 5
Changed: Jul 10
Last Checked: May 11 at 5:58AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This 24,129 square foot industrial warehouse facility is located in Buford, Georgia, approximately one mile from I-985. The property is situated on 2.71 acres and includes a large parking lot with over 40 spaces. The warehouse features 4,250 square feet of office space, 18 dock-high doors, and 2 grade-level doors. Ceiling heights range from 20 to 24 feet. Constructed with solid masonry and metal, the warehouse is in strong condition, while the office area is ready for cosmetic updates. The property includes a large stabilized yard area permitted for outdoor storage under M-1 zoning. This configuration is suitable for outdoor storage, fleet parking, equipment staging, a laydown yard, or one or two truck courts. It is ideal for contractors, fleet-based businesses, contractors requiring yard storage, equipment rental or building supply companies, and traditional owner-users and investors seeking flexible industrial assets.
Key Highlights
- Large stabilized yard area permitted for outdoor storage (M‑1 zoning).
- Located one mile from I‑985, providing excellent access for distribution.
- 24,129 SF warehouse with 4,250 SF of office space.**
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
$177,127
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
3.61%
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%
$3,542,540
$3.5M
Cap Rate 7%
$2,530,386
$2.5M
Cap Rate 9%
$1,968,078
$2.0M
Market Conditions
NOI Build-Up for 24,129 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
$228.7K $9.48/SF
− Vacancy
−$20.4K −$0.84/SF
EGI
$208.4K $8.64/SF
− OpEx
−$31.3K −$1.30/SF
NOI
$177.1K $7.34/SF
Area
Gwinnett 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%
$3,542,540
Cap Rate 7%
$2,530,386
Cap Rate 9%
$1,968,078
Alternative Uses
Best Use
Warehouse
$2.53M
$2.21M – $2.95M
NOI $177,127 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$2.10M
$1.84M – $2.45M
NOI $146,990 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$6.74M
$5.90M – $7.87M
NOI $472,149 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
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.
Similar Off Market Nearby
- Lanier RV Storage — 3156 Buford Hwy NE, Rest Haven, GA 30518
- Phillips Storage Facility — 5306 Palmero Ct, Buford, GA 30518
Frequently Asked Questions
What type of property is this?
Warehouse - 24,129 SF warehouse with large, secured yard near I-985.
Where is this warehouse located?
The property is located at 5355-5356 Palmero Ct Buford, GA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Large stabilized yard area permitted for outdoor storage (M‑1 zoning).; Located one mile from I‑985, providing excellent access for distribution.; 24,129 SF warehouse with 4,250 SF of office space.**
