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    The Largest CRE Database in the US with Over 1 Million Listings

    2440 Jason Industrial Pkwy Winston, GA 30187

    Sponsored
    For Sale
    $397,922

    2.03-Acre Light Industrial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This 2.03-acre vacant lot is located in the prestigious Jason Industrial Park in Winston, Georgia (zip code 30187), Douglas County. The property (APN 1860250019) is zoned for light industrial use, offering significant versatility for various business ventures. Its prime location within the established Jason Industrial Park provides easy access to transportation routes and a thriving business community. This is one of the last remaining vacant parcels in the park, presenting a unique opportunity to establish a presence in a growing and desirable industrial area. The asking price for this exceptional investment opportunity is $397,922. This property's strategic location and light industrial zoning make it an ideal site for businesses seeking a dynamic and convenient environment to expand or establish operations. The property's size and location within a well-established industrial park offer significant potential for long-term growth and profitability. Don't miss this chance to secure a valuable asset in a thriving business community.

    Property Features for 2440 Jason Industrial Pkwy

    General Information

    Property type
    Land
    Lot Size
    88,427 SF

    We can help!

    Listing Contact
    Jeff Hammond
    Jeff Hammond

    Learn more

    Property Insight Report

    HighLights

    • 2.03‑acre parcel in Jason Industrial Park, ideal for light industrial use.
    • Light industrial zoning allows for versatile business operations.
    • Rare vacant land opportunity in a growing business park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston
    County
    Douglas
    State
    Georgia
    Longitude
    -84.817658
    Latitude
    33.738537

    Nearby Comparable

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      Winston, GA Industrial Park

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    • $452,808
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      Winston, GA Industrial Land

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    • $1,200,000
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      Winston, GA Warehouse Investment

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    • $413,604
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    • $750,000
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      Winston, GA Warehouse Investment

      5,000 SF Warehouse - $750,000
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    Nearby Similar for Sale

    • $750,000
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      Winston, GA Warehouse Investment

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      2125 Jason Industrial Pkwy, Winston, GA 30187
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    • $725,000
      5,000 SF

      Winston, GA Industrial Flex Space

      5,000 SF Flex Warehouse, $725,000
      2325 Jason Industrial Pkwy, Winston, GA 30187
      View Details
    • $750,000
      5,000 SF

      Winston, GA Warehouse - $750K

      Brand new, 5,000 sq ft warehouse
      1890 Jason Industrial Pkwy, Winston, GA 30187
      View Details
    • $1,200,000
      9,490 SF

      Winston, GA Warehouse Investment

      9,490 SF Warehouse, 3.25 Acres, High NOI
      2190 Jason Industrial Pkwy, Winston, GA 30187
      View Details
    • $1,960,000
      12,500 SF

      Winston, GA Industrial Park

      12,500 SF Warehouse, 8.02% Cap Rate
      2275 Jason Industrial Pkwy, Winston, GA 30187
      View Details
    • $725,000
      5,050 SF

      Winston, GA Warehouse - $725,000

      New 5,050 SF warehouse in prime location.
      1925 Jason Industrial Pkwy, Winston, GA 30187
      View Details

    FAQs

    What type of property is this?
    Land - 2.03-Acre Light Industrial Lot
    Where is this land located?
    The property is located at 2440 Jason Industrial Pkwy Winston, GA.
    What is the asking price?
    The asking price for this property is $397,922.
    What are key features of this property?
    This property features: 2.03-acre parcel in Jason Industrial Park, ideal for light industrial use.; Light industrial zoning allows for versatile business operations.; Rare vacant land opportunity in a growing business park.
    Request Owner's contact information
    2440 Jason Industrial Pkwy Winston, GA 30187
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2440 Jason Industrial Pkwy Winston, GA 30187
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    We can help!
    Listing Contact
    Jeff Hammond
    Jeff Hammond
    Learn more
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