203 Camden Industrial NW Pkwy Conyers, GA 30012-3951
- Warehouses
- 8,160 SF
- 0.94 lot acres
Current Use by Public Records
- Georgia Sealcoating and Paving / Asphalt Contractor
Property Details for 203 Camden Industrial NW Pkwy
- Year built
- 1998
- Construction
- STEEL FRAME
- Lot size
- 0.94 lot acres
- Property size
- 8,160 SF
- Zone code
- M1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 041-0-01-0209
- APU
- 410010209
Description
This exceptional value-add industrial property, located at 203 Camden Industrial Pkwy NW, Conyers, GA 30012, presents a compelling investment opportunity. The 9,000-square-foot warehouse sits on a 0.94-acre lot and boasts a 16-foot ceiling height. Currently 100% occupied under a single, one-year absolute NNN lease commencing October 15, 2024, and expiring October 14, 2025, this asset offers significant upside potential. The property's current NOI is $73,200, yielding a 6.10% cap rate. However, a pro-forma analysis projects a substantial increase to a 10.00% cap rate and $120,000 NOI through lease restructuring and rent adjustments to market rates. Built in 1998, this single-story building benefits from excellent access and exposure due to its proximity to Interstate-20. The current lease presents a short-term, below-market rent situation, creating an immediate opportunity to enhance profitability. This property is ideal for investors seeking a strong cash flow with significant value-add potential through lease term extension, rent increases, and lease structure optimization. The property's location in Rockdale County, Georgia, further enhances its appeal.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $255,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $300,000
- Mixed-Use
- $300,000
- Hospitality
- $300,000
- Educational
- $270,000
- Residential Income
- $260,000
- Energy
- $290,000
- Income-Based Land
- $330,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Conyers
- County
- Rockdale
- State
- Georgia
- Longitude
- -84.0434
- Latitude
- 33.6872
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA