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Listing Agency: Bird Commercial Real Estate

Listed By: Frank Bo Bird IV · License #GA 391091

Source: Crexi

Added: Mar 2 Changed: Oct 14 Last Checked: Oct 14 at 9:36PM

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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 Bird Commercial Real Estate

Investment Insights

Based on property information with market context.

The industrial warehouse at 6553 Lakes Industrial Pkwy in Lake Park, Georgia, contains 6,250 SF on 1.0 usable acre. The building includes two 14-foot roll-up doors, an office, and a restroom, with a 16-foot eave height. Building systems include a standing seam metal roof, 3-phase 400-amp power, municipal water and sewer, and natural gas availability. The structure is also plumbed for an air compressor.

Access to I-75 is available via Exit 2, supporting regional and interstate connectivity. The property is directly adjacent to a Home Depot distribution center. An additional 1-acre lot owned by the Development Authority can be made available as well.

Key Highlights

• 6,250 SF industrial building on 1.0 usable acre
• Two 14‑foot roll‑up doors and 16‑foot eave height
• 3‑phase 400‑amp power with natural gas availability

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,837

Cap Rate

6.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,740 $736.7K

Cap Rate 7%

$526,243 $526.2K

Cap Rate 9%

$409,300 $409.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,250 SF

Gross rent

$46.5K $7.44/SF

− Vacancy

−$3.2K −$0.51/SF

EGI

$43.3K $6.93/SF

− OpEx

−$6.5K −$1.04/SF

NOI

$36.8K $5.89/SF

Area

Lowndes County, GA

Vacancy

6.80%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,740

Cap Rate 7%

$526,243

Cap Rate 9%

$409,300

Alternative Uses

Best Use

Warehouse

$526.2K

$460.5K – $614.0K (±1% cap)

NOI $36,837 @ 7.0% cap · market cap 6.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$948.9K

$830.3K – $1.11M (±1% cap)

NOI $66,420 @ 7.0% cap · market cap 11.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Food Market Clothing & Fashion Store Restaurant Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 31636, GA

10,136

Population

4,989

Households

2

Avg Household Size

39

Median Age

18%

College-Educated

92%

High-School Grad

185.8 sq mi

ZIP Area

55

Density / Sq Mi

$64,340

Median Household Income

$37,348

Median Earnings

$814

Median Rent

$204,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial space includes an office, restroom, and direct interstate access via I-75.

Where is this warehouse located?

The property is located at 6553 Lakes Industrial Pkwy Lake Park, GA.

What is the asking price?

The asking price for this property is $586,000.

What are key features of this property?

This property features: 6,250 SF industrial building on 1.0 usable acre; Two 14‑foot roll‑up doors and 16‑foot eave height; 3‑phase 400‑amp power with natural gas availability