Technical
Financial
Distress signals
Property profile

2420 W Park Dr Gainesville, GA 30504

FOR LEASE
Manufacturing properties
Property ID
US22-1079442
199,610 SF 14.66 ac lot Built 2001
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This expansive 200,000 square foot warehouse, located at 2420 West Park Drive in Gainesville, Georgia, presents a significant opportunity for industrial tenants. The property boasts a single-tenant occupancy, offering complete control and flexibility. The warehouse features a substantial 28-foot ceiling height, providing ample vertical storage space. Loading and unloading are facilitated by 40 dock-high doors and 2 drive-in doors, ensuring efficient operations. Ample parking is available with 100 spaces designated for employee and visitor use. The property is equipped with robust power infrastructure, including 1000 Amps of 277/480 Volt power, suitable for energy-intensive operations. Situated in Hall County, Georgia, with a zip code of 30504, this warehouse offers easy access to major transportation routes, making it an ideal location for distribution and logistics businesses. The entire 200,000 square feet is currently vacant and available for lease.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2001
Construction STEEL FRAME
Total area 199,610 SF
Lot 14.66 ac (638,590 SF)
Zoning code L-I
APN 08-011 -000-011
UPID US22-1079442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Grocery & Convenience Store

Location

2420 W Park Dr Gainesville, GA 30504
Gainesville metro Census 1304 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.40M
Blend (final) Blend
$10.66M

Owner & transaction history

since 2015
4 recorded transactions
2018
Price N/A
2015
$3.6M
2004
$4.8M
2004
Price N/A

Zoning & alternative use

L-I · Gainesville, GA
Zoning description

(1) It is located in a Light Industrial (L-I) or Heavy Industrial (H-I) zoning district; or (2) It is located on the same property as a business or organization with a 501(c)(3) designation. (b) Where approved, community…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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