Conyers Industrial Investment
For Sale
$925,000
620 Sigman Rd NE, Conyers, GA 30013
Multi-tenant industrial building for sale in Conyers, Georgia.
Property Size8,756 SF
Lot Size1.08 Acres
Price / SF$105.64
Days on Market153
Property Features for 620 Sigman Rd NE
General Information
Standard status
Active
Size
8,756 SF
Lot size
1.08 Acres
Property subtype
Industrial
Building Details
Building Size
8,756 SF
Year Built
2001
Listing Agency:
King Industrial Realty Inc
(210) 394-9943
Listed By:
Tommy Barrow · License #383849
Source:
Kingindustrial
Added: Mar 27
Changed: Aug 26
Last Checked: Aug 25 at 8:19PM
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 King Industrial Realty Inc
Investment Insights
Based on property information with market context.
Located at 620 Sigman Rd NE in Conyers, GA, this industrial property presents an investment opportunity. The property features an 8,756 SF multi-tenant building, which is fully leased across 2 units. Constructed in 2001, the building includes 2 drive-in doors and a 12' ceiling height. The property is situated on a 1.08± acre lot and is zoned ID. Its location is approximately 1.5± miles from I-20, providing accessibility for industrial and manufacturing businesses. This well-maintained property is an income-producing asset.
Key Highlights
- Fully leased, multi‑tenant building providing immediate income.
- Strategic location: 1.5± miles from I‑20, offering excellent accessibility.
- Versatile 8,756 SF building suitable for industrial and manufacturing businesses.
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
$53,340
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
5.77%
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%
$1,066,800
$1.1M
Cap Rate 7%
$762,000
$762.0K
Cap Rate 9%
$592,667
$592.7K
Market Conditions
NOI Build-Up for 8,756 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
$83.0K $9.48/SF
− Vacancy
−$6.8K −$0.78/SF
EGI
$76.2K $8.70/SF
− OpEx
−$22.9K −$2.61/SF
NOI
$53.3K $6.09/SF
Area
Rockdale 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%
$1,066,800
Cap Rate 7%
$762,000
Cap Rate 9%
$592,667
Alternative Uses
Best Use
Industrial
$762.0K
$666.8K – $889.0K
NOI $53,340 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,108 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
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 - Multi-tenant industrial building for sale in Conyers, Georgia.
Where is this industrial property located?
The property is located at 620 Sigman Rd NE Conyers, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully leased, multi‑tenant building providing immediate income.; Strategic location: 1.5± miles from I‑20, offering excellent accessibility.; Versatile 8,756 SF building suitable for industrial and manufacturing businesses.
