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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Westfork Dr Lithia Springs, GA 30122-1510

    • Warehouses
    • 58,448 SF
    • 4.00 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2024
    $6,800,000
    Value Estimations
    $6,750,000
    Show details
    Cap Rate Potential
    6.3%
    Warehouses
    Location Intelligence
    Property ID
    US22-1557170
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Petrey Atlanta / Distribution Service
    • Architectural Testing Inc / Laboratory
    • Intertek / Laboratory
    • The Entertainment Department / Audiovisual Equipment Rental Service / Audio Visual Consultant

    Property Details for 1701 Westfork Dr

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    4.00 lot acres
    Property size
    58,448 SF
    Zone code
    PUD
    Property type
    Warehouses
    APN
    0372-18-2- -00005
    APU
    37218200005

    Description

    This exceptional 14,974-square-foot industrial distribution warehouse is ideally situated in Lithia Springs, Georgia, within Douglas County. The property features a single-tenant occupancy and boasts 2,173 square feet of dedicated office space, perfectly complementing the expansive warehouse area. Six dock doors ensure efficient loading and unloading operations, while a 20-foot clear height provides ample vertical space for storage and maneuvering. Safety is prioritized with a comprehensive wet sprinkler system throughout the building. The property's end-cap location offers excellent visibility and accessibility. A fenced truck court provides secure and convenient parking and maneuvering space for trucks. The current lease term extends through October 31, 2028. Strategically located just 2.3 miles from Interstate 20, this property offers seamless connectivity to major transportation arteries. Furthermore, its proximity to Hartsfield-Jackson International Airport (24 miles) and I-285 (16 miles) enhances its logistical advantages, making it an attractive option for businesses requiring efficient distribution networks. The property's address is 1701 Westfork Drive, Lithia Springs, GA 30122.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,800,000
      ML approach
      $6,800,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,150,000
      6.5%
      $6,600,000
      7%
      $6,130,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,265,000
      Current use
      OFFICE BUILDING
      $11,270,000
      Change: +114% Conversion: Difficult
      RETAIL STORES
      $8,220,000
      Change: +56% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $7,195,000
      Change: +37% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,760,000
      Change: +28% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $5,220,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lithia Springs
    County
    Douglas
    State
    Georgia
    Longitude
    -84.631
    Latitude
    33.7905
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,980
    $97,640
    $982,360
    $1,080,000
    -
    $244,100
    $2,455,900
    $2,700,000

    Comparable in this City

    • Value Estimation
      $150,000
      153,774 SF

      1515 Distribution Ct

      WAREHOUSE, STORAGE • 153,774 SF
      1515 Distribution Ct, Lithia Springs, GA 30122-4115
      View Details
    • Value Estimation
      $520,000
      126,827 SF

      375 Riverside Pkwy

      WAREHOUSE, STORAGE • 126,827 SF
      375 Riverside Pkwy, Lithia Springs, GA 30122-3891
      View Details
    • Value Estimation
      $585,000
      20,300 SF

      2126 Sweetwater Industrial Blvd

      WAREHOUSE, STORAGE • 20,300 SF
      2126 Sweetwater Industrial Blvd, Lithia Springs, GA 30122-2878
      View Details
    • Value Estimation
      $5,400,000
      4,110 SF

      10240 Veterans Memorial Hwy

      MINI-WAREHOUSE, STORAGE • 4,110 SF
      10240 Veterans Memorial Hwy, Lithia Springs, GA 30122-2007
      View Details
    • Value Estimation
      $11,010,000
      93,600 SF

      1490 Westfork Dr

      WAREHOUSE, STORAGE • 93,600 SF
      1490 Westfork Dr, Lithia Springs, GA 30122-1509
      View Details
    • Value Estimation
      $210,000
      5,959 SF

      2091 Lee Rd

      WAREHOUSE, STORAGE • 5,959 SF
      2091 Lee Rd, Lithia Springs, GA 30122-3456
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      93,200 SF

      Industrial Sublease Available

      30,000 SF industrial space available for sublease.
      1438 Trae Ln, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      262,595 SF

      Lithia Springs Industrial Space Available

      Industrial space for immediate occupancy near I-20 in Lithia Springs.
      100 Lynch Rd, Lithia Springs, GA 30122
      View Details
    • $395,000
      0.86 Acres

      Commercial Property with Warehouse, Residence

      Commercial property featuring a warehouse, parking, and residential building.
      10284 Veterans Memorial Hwy, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      3,200 SF

      Office/Flex Space Near I-20

      3,200 SF office/flex space suitable for office or storage.
      1810 Lee Rd, Lithia Springs, GA 30122
      View Details
    • $875,000
      2.85 Acres

      Lee Road Commercial Land

      2.85 Acres, Prime Lithia Springs Location
      2597 Lee Rd, Lithia Springs, GA 30122
      View Details
    • $99,900
      0.82 Acres

      Austell, GA Mixed-Use Lot Sale

      0.82-acre commercial lot, prime location.
      517 Maxham Rd, Austell, GA 30122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      395,750 SF

      Spacious Lithia Springs Warehouse

      395,750 SF warehouse space available for lease.
      2124 Skyview Dr, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      58,448 SF

      Douglas County Sublease Opportunity

      14,974 SF available for sublease, convenient interstate access.
      1701 Westfork Dr, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      22,237 SF

      Industrial Space Available For Lease

      22,237 SF industrial space with office in Lithia Springs.
      320 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • Contact for pricing
      23,901 SF

      Lithia Springs Warehouse Space Available

      Available warehouse space in Lithia Springs, Georgia.
      322 Thornton Rd, Lithia Springs, GA 30122
      View Details
    • $2 SF/Yr
      225,000 SF

      Lithia Springs Warehouse Space

      225,000 SF warehouse space available for lease.
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      View Details
    • Contact for pricing
      1,700 SF

      Retail Space on Thornton Road

      1,700 SF retail space in high-traffic area near I-20.
      865 Thornton Rd, Lithia Springs, GA 30122
      View Details
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    Lithia Springs, GA 30122-1510
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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
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