Property profile

2434 Hilton Way Gainesville, GA 30501

OFF-MARKET
Manufacturing properties
Property ID
US22-1250138
12,000 SF 5.73 ac lot Built 2000
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This Gainesville, GA industrial property at 2434 Hilton Way offers a versatile 60,000+ square foot space ideal for various businesses. The property includes a 10,240 square foot warehouse featuring 14' clear height, three drive-in doors (18'x12'), and one loading dock (8'x8'). The warehouse also boasts gas heaters, LED lighting, and an exhaust fan. A significant 60,000+ square foot fenced outdoor storage area is available, including 2,280 square feet of covered storage. This outdoor area also features five 8'x20' cargo containers (800 sq ft total) and four 10'x18' sheds (720 sq ft total). Office space totals 2,560 square feet, encompassing five private offices, a reception area, a conference room, and a kitchen/breakroom. Additional mezzanine storage provides another 2,176 square feet of space. The property also includes a 620-foot drilled well producing 20 gallons per minute and ample parking for 34 vehicles. Its strategic location offers easy access to I-985 (7 miles from Exit 20 and 3 miles from Exit 22), proximity to Lee Gilmer Memorial Airport-Gainesville (1.5 miles), Northeast Georgia Medical Center (3 miles), and Hartsfield-Jackson Atlanta International Airport (62 miles). The property is a single-tenant facility. This property presents a unique opportunity for businesses seeking a comprehensive industrial solution in a prime Gainesville location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Construction STEEL FRAME
Total area 12,000 SF
Lot 5.73 ac (249,599 SF)
Zoning code L-I
APN 01-127 -003-133
UPID US22-1250138

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
  • Garden Center Hardware & Home Improvement

Location

2434 Hilton Way Gainesville, GA 30501-6192
Gainesville metro Census 1101 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$380k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
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
Top alternative use upside
Office building $1.7M +79.1%
Retail stores $1.7M +77.5%

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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