Warehouse with Yard and
For Sale
$569,000
677 Hudson Road, Lagrange, GA 30240
Functional flex/warehouse facility with 15 dock-high doors and substantial outdoor yard for operational storage.
Property Size4,050 SF
Lot Size4.30 Acres
Price / SF$140.49
Days on Market219
Property Features for 677 Hudson Road
General Information
Standard status
Active
Size
4,050 SF
Lot size
4.30 Acres
Property subtype
General Commercial
Additional Details
Outdoor Storage
Yes
Dock-High Doors
15
Taxes and HOA fees
Annual Taxes
$2,546
Amenities
Window Air Conditioning
3
Parking. Corner Lot.
Lot.
4.25
Corner.
Building Details
Year Built
1965
Listing Agency:
J.T. Jones & Associates Realty
(706) 883-6123
Listed By:
Jared Jones · License #134913
(706) 333-0600
Source:
Xome
Added: Jan 31
Changed: Sep 1
Last Checked: Sep 7 at 6:22AM
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 J.T. Jones & Associates Realty
Investment Insights
Based on property information with market context.
This 4,050 SF flex/warehouse facility is offered as a hard-to-find owner-user opportunity and includes office space and a large outdoor yard. The building is served by 15 dock-high doors, supporting loading and receiving operations. Substantial exterior area is available for trucks, trailers, equipment, materials, and other operational storage needs.
The property is located at 677 Hudson Road in Lagrange, Georgia, on 4.3 acres. It is described as having previously been improved as a truck terminal, which aligns with logistics, contractor, service, and workshop-style use cases requiring both enclosed warehouse space and yard utility.
With a warehouse/office layout and significant dock and outdoor support, this property is well suited for users looking for a building that can accommodate both storage and loading activity.
The property is located at 677 Hudson Road in Lagrange, Georgia, on 4.3 acres. It is described as having previously been improved as a truck terminal, which aligns with logistics, contractor, service, and workshop-style use cases requiring both enclosed warehouse space and yard utility.
With a warehouse/office layout and significant dock and outdoor support, this property is well suited for users looking for a building that can accommodate both storage and loading activity.
Key Highlights
- 4,050 SF flex/warehouse facility on 4.3 acres with office and warehouse space
- 15 dock‑high doors for loading and operational flexibility
- Corner lot with parking and substantial outdoor yard for truck, trailer, equipment, and materials storage
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
$21,939
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
3.86%
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%
$438,780
$438.8K
Cap Rate 7%
$313,414
$313.4K
Cap Rate 9%
$243,767
$243.8K
Market Conditions
NOI Build-Up for 4,050 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
$27.8K $6.86/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$25.8K $6.37/SF
− OpEx
−$3.9K −$0.96/SF
NOI
$21.9K $5.42/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /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%
$438,780
Cap Rate 7%
$313,414
Cap Rate 9%
$243,767
Alternative Uses
Best Use
Warehouse
$313.4K
$274.2K – $365.7K
NOI $21,939 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$258.1K
$225.8K – $301.1K
NOI $18,067 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Dock-high doors
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional flex/warehouse facility with 15 dock-high doors and substantial outdoor yard for operational storage.
Where is this flex space located?
The property is located at 677 Hudson Road Lagrange, GA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 4,050 SF flex/warehouse facility on 4.3 acres with office and warehouse space; 15 dock‑high doors for loading and operational flexibility; Corner lot with parking and substantial outdoor yard for truck, trailer, equipment, and materials storage
