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

    1000 Main St Manchester, GA 31816

    Sponsored
    For Sale
    $12,000,000

    Large industrial warehouse, prime location.

    Property size:
    358,745 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional industrial property, located at 1000 W Main St, Manchester, GA 31816, presents a significant investment opportunity. The property encompasses 47.5 acres and features two buildings totaling 358,745 square feet, currently undergoing a substantial renovation. The warehouse space comprises 346,745 square feet, complemented by 12,000 square feet of office space distributed across six units. The property boasts 28 loading docks, ceiling heights ranging from 18 to 32 feet, and is currently 19.5% occupied, with full occupancy anticipated by November 12, 2024. The asking price is $12,000,000, translating to $33.45 per square foot and $2,000,000 per unit. The lease type is NNN, with a multi-tenant occupancy of currently one tenant. The lease expires March 31, 2025, leaving a remaining lease term of approximately 0.4 years. Recent improvements include a new roof, fresh interior and exterior paint, new LED lighting, and upgraded dock doors and levelers. Strategically located in the Atlanta MSA, less than 20 miles from I-85, this property offers convenient access to Columbus Metropolitan Airport and the NS Independent Bulk Transfer terminal, both within an hour's drive. An additional 17 acres are available. This property is offered for sale by owner.

    Property Features for 1000 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    358,745 SF
    Lot Size
    2,069,100 SF

    Building Details

    Buildings
    2
    Units
    6

    We can help!

    Listing Contact
    Austin Wolfington
    Austin Wolfington

    Learn more

    Property Insight Report

    HighLights

    • 1000 W Main St, Manchester, GA 31816: 47.5‑acre industrial property with two buildings totaling 358,745 SF.
    • 346,745 SF warehouse space and 12,000 SF of office space (six units).
    • $12,000,000 asking price ($33.45/SF); Currently 19.5% occupied, projected full occupancy by November 12, 2024.
    • 28 loading docks, 18‑32' ceiling heights; NNN leases; One current tenant; Lease expiration March 31, 2025.
    • Recently renovated with new roof, paint, LED lighting, dock doors & levelers; Located in Atlanta MSA, <20 miles from I‑85, near Columbus Metropolitan Airport and NS Bulk Transfer terminal; 17 acres additional land available.
    Property Profile Location Intelligence

    Current Use by Public Records

    FW Logistics Logistics Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Meriwether
    State
    Georgia
    Longitude
    -84.634292
    Latitude
    32.860135

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      Specialty properties • 6,080 SF
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    FAQs

    What type of property is this?
    Distribution property - Large industrial warehouse, prime location.
    Where is this distribution property located?
    The property is located at 1000 Main St Manchester, GA.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: 1000 W Main St, Manchester, GA 31816: 47.5-acre industrial property with two buildings totaling 358,745 SF.; 346,745 SF warehouse space and 12,000 SF of office space (six units).; $12,000,000 asking price ($33.45/SF); Currently 19.5% occupied, projected full occupancy by November 12, 2024.
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    1000 Main St Manchester, GA 31816
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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
    1000 Main St Manchester, GA 31816
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    We can help!
    Listing Contact
    Austin Wolfington
    Austin Wolfington
    Real Estate License ID: PA RS320769
    Learn more
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