1973 Ga-138 Conyers, GA 30013
This exceptional value-add investment opportunity presents a 13,980-square-foot flex industrial building situated on a 4.59-acre lot in Conyers, Georgia. Currently 100% occupied by seven tenants, generating a current NOI of $147,040 and a 6.46% cap rate, this property offers significant upside potential. A pro-forma NOI of $255,000 projects an impressive 11.21% cap rate, highlighting the substantial value-add potential. The property features four loading docks and is zoned M1, allowing for flexible end uses including outdoor storage, laydown yards, and ample truck/trailer parking. The building consists of three units within a single, one-story structure. Strategically located approximately two miles from I-20 and fifteen miles from I-285, this low-coverage, infill property benefits from excellent access to major transportation arteries within the I-20 East/Rockdale submarket of metro Atlanta. The asking price is $2,275,000, representing a price per square foot of $162.73 and a price per unit of $758,333.33. This multi-tenant, industrial investment presents a compelling opportunity for significant returns. The property's strong tenancy and prime location make it an attractive investment for both seasoned and emerging investors seeking substantial returns in the thriving Atlanta market.
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.