Morrow Warehouse with Office
For Sale
Contact for pricing
6780 Green Industrial Way, Morrow, GA 30260
20,000 SF warehouse with office space for sale.
Property Size20,000 SF
Lot Size1.10 Acres
Price / SF$96.25
Days on Market650
Property Features for 6780 Green Industrial Way
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.10 Acres
Property subtype
Industrial
Zoning
Hvy Indus
Building Details
Year Built
1973
Listing Agency:
Crye-Leike Commercial
(770) 209-1700
Listed By:
Matthew Levin · License #19351
Source:
Crexi
Added: Nov 19, 2024
Changed: Aug 22
Last Checked: Aug 28 at 3:05PM
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 Crye-Leike Commercial
Investment Insights
Based on property information with market context.
This freestanding, sprinklered warehouse offers approximately 20,000 square feet of space, including about 1,200 square feet of office area, situated on approximately 1.1 acres. The property is zoned for heavy industrial use and features four front loading docks. Two docks are equipped with 10-foot wide by 10-foot high dock high doors and levelers, while another is a half-height dock measuring 8 feet wide by 10 feet high, and the last is an 8-foot wide by 10-foot high at-grade door. The warehouse provides an 18-foot clear height, 480 amp 3-phase electrical service, LED and metal halide lighting, ceiling-mounted gas heaters, air exhaust fans, a shop manager's office, restrooms, and a utility sink. The office showroom includes three private offices. Located in Morrow, Clayton County, the property is situated 15 minutes from downtown Atlanta via I-75, accessible at the Jonesboro Road exit 233 (GA Hwy 54). Green Industrial Way is a quiet cul-de-sac off Mount Zion Road, approximately half a mile from I-75 and 7 miles from I-285 and I-675.
Key Highlights
- 20,000 SF+- warehouse with 1,200 SF+- of office space
- Heavy industrial zoning
- Four front loading docks, two with levelers
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
$146,817
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
7.63%
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%
$2,936,340
$2.9M
Cap Rate 7%
$2,097,386
$2.1M
Cap Rate 9%
$1,631,300
$1.6M
Market Conditions
NOI Build-Up for 20,000 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
$189.6K $9.48/SF
− Vacancy
−$16.9K −$0.84/SF
EGI
$172.7K $8.64/SF
− OpEx
−$25.9K −$1.30/SF
NOI
$146.8K $7.34/SF
Area
Clayton County, GA
Vacancy
8.90%
Lease Rate
$9.48 /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%
$2,936,340
Cap Rate 7%
$2,097,386
Cap Rate 9%
$1,631,300
Alternative Uses
Best Use
Office B
$3.83M
$3.35M – $4.46M
NOI $267,821 @ 7.0% cap · market cap 13.91%
Second Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,817 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,354 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Extra Space Storage — 1375 Commerce Rd, Morrow, GA 30260
- Katich Self Storage Unit — 985 Mt Zion Rd, Morrow, GA 30260
- Kelly Storage Facility — 6838 Kelly Ave, Morrow, GA 30260
- SecurCare Self Storage — 1515 Mt Zion Rd, Morrow, GA 30260
- Self-Storage at U-Haul — 1549 Mt Zion Rd, Morrow, GA 30260
Frequently Asked Questions
What type of property is this?
Warehouse - 20,000 SF warehouse with office space for sale.
Where is this warehouse located?
The property is located at 6780 Green Industrial Way Morrow, GA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 20,000 SF+- warehouse with 1,200 SF+- of office space; Heavy industrial zoning; Four front loading docks, two with levelers
