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Property profile & analytics
OFF-MARKET
Warehouses

182 Shop Rd Fitzgerald, GA 31750-8020

26,818 SF 10 ac lot Built 1906
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US22-3600239
Property summary
AI-generated overview

This exceptional 26,818-square-foot industrial property in Fitzgerald, Georgia, presents a unique sale-leaseback opportunity. Located at 182 Shop Rd, 31750, this single-story, Class C building sits on a 10-acre lot and boasts a 45-foot ceiling height, ideal for various industrial uses. Built in 1906 and renovated in 1965, the property features two loading docks and one dock-high door, ensuring efficient operations. The building is zoned HI (Heavy Industrial) and benefits from its proximity to expressways, facilitating easy drop shipments. The property is currently under a net lease expiring December 31, 2029, with approximately 5.1 years remaining. The asking price is $2,500,000, translating to $93.22 per square foot. Its strategic location near CSX railway lines further enhances its logistical advantages. The property's potential for redevelopment in a thriving market with a strong demographic profile offers significant long-term value. The town of Fitzgerald hosts various community events, and the possibility of SPLOST funding for area improvements adds to the property's appeal. This presents a compelling investment opportunity for those seeking a sale-leaseback arrangement in a well-situated industrial location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1906
Total area 26,818 SF
Lot 10 ac (435,600 SF)
Zoning code RESIDENTIAL
APN 5-8-64
UPID US22-3600239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pick Ur Parts LLC Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Royshan Asset Management LLC · 5 yrs held
Royshan Asset Management LLC
since 2020
Last sale
$159,000
3 recorded transactions
2020
$159,000
2017
Price N/A
2012
$112,500
Zoning & alternative use
RESIDENTIAL · Fitzgerald, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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