Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2850 Gainesville Hwy Alto, GA 30510
    Back to Search
    Property profile & analytics

    2850 Gainesville Hwy Alto, GA 30510

    View on Map
    • Manufacturing properties
    • 355,882 SF
    • 98.29 lot acres
    For Sale
    $7,415,000
    View Listing →
    Industrial Site with Highway Access For Sale
    $7,415,000

    Industrial Site with Highway Access

    Large M-1 zoned industrial site with excellent highway access.

    2850 Gainesville Hwy, Alto, GA 30510
    View Listing
    Property ID
    US22-3471858
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hoping Foods / Warehouse & Storage
    • Mount Vernon Mills Inc. / Mill / Factory
    • NICOLON / Industrial Manufacturer / Production Facility

    Property Details for 2850 Gainesville Hwy

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    98.29 lot acres
    Property size
    355,882 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    B12 003 1
    APU
    B120031

    Description

    This exceptional industrial warehouse property, located at 2850 Gainesville Highway in Alto, Georgia (zip code 30510), offers a significant opportunity for businesses seeking substantial space. The property boasts a total of 466,857 square feet across two suites, with a substantial 271,950 square feet currently available for lease. Individual spaces as small as 88,408 square feet are also divisible, providing flexibility for various operational needs. Built in 1967 and renovated in 1997, the warehouse features a 32-foot ceiling height, ideal for high-volume storage or manufacturing. Loading and unloading are facilitated by 14 dock-high doors and 3 drive-in doors. Ample parking is provided with 300 spaces. The property sits on a generous 106.2-acre lot and benefits from heavy power throughout the building. The zoning is designated M-1. The property's APN is B12-003-1 | B12-003-2. This is a rare opportunity to secure a large, well-maintained industrial space in a strategic location. The property's size, features, and location make it an ideal choice for businesses requiring significant warehouse or distribution space. Contact us today to learn more about leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,300,000
      ML approach
      $7,355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,252,000
      Market price range: $5.25M - $20.9M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $9,660,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alto
    County
    Banks
    State
    Georgia
    Longitude
    -83.5776
    Latitude
    34.4571

    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
    2023
    $62,460
    $625,124
    $2,347,446
    $2,972,570
    -
    $1,562,811
    $5,868,614
    $7,431,425

    Comparable in this City

    • Value Estimation
      $1,110,000
      28,020 SF

      5282 Gainesville Hwy

      MANUFACTURING (LIGHT) • 28,020 SF
      5282 Gainesville Hwy, Alto, GA 30510
      View Details
    • Value Estimation by Request
      3,290 SF

      176 Webb Dr

      MANUFACTURING (LIGHT) • 3,290 SF
      176 Webb Dr, Alto, GA 30510-4134
      View Details
    • Value Estimation by Request
      208.37 Acres

      365 Mt Vernon Dr

      Distribution properties • 208.37 Acres
      365 Mt Vernon Dr, Alto, GA 30510
      View Details
    • Value Estimation by Request
      7,892 SF

      308 Ballew Rd

      WAREHOUSE, STORAGE • 7,892 SF
      308 Ballew Rd, Alto, GA 30510-4402
      View Details
    • Value Estimation by Request
      448 SF

      7250 Old Cornelia Hwy

      MINI-WAREHOUSE, STORAGE • 448 SF
      7250 Old Cornelia Hwy, Alto, GA 30510
      View Details
    • Value Estimation
      $820,000
      9,100 SF

      264 Charlie Davis Rd

      MINI-WAREHOUSE, STORAGE • 9,100 SF
      264 Charlie Davis Rd, Alto, GA 30510-2918
      View Details

    Similar Nearby for Sale

    • $799,999
      10,829 SF

      Adaptable Commercial Building on Acre Lot

      Versatile 10,829 SF commercial building on 1.19 acres.
      155 S Grant St, Alto, GA 30510
      View Details
    • $799,999
      10,829 SF

      Versatile Commercial Space in Alto, GA

      Adaptable 10,829 SF commercial building on a high-traffic corner lot.
      155 S Grant St, Alto, GA 30510
      View Details
    • $799,999

      Adaptable Commercial Building on Acreage

      Versatile 10,829 SF commercial building on a high-traffic corner lot.
      155 S Grant St, Alto, GA 30510
      View Details
    • $175,000
      6.80 Acres

      Alto GA Wooded Land

      Almost 7 acre wooded land in North Georgia countryside.
      Pebble Creek Ln, Alto, GA 30510
      View Details
    • $2,878,700

      Banks County Land for Sale

      287-acre property with timber, water features, and development potential.
      1054 Mount Sinai Rd, Lula, GA 30510
      View Details
    • $451,773
      9.47 Acres

      Alto, GA Vacant Land

      Vacant land near Blue Ridge Connector, Alto, GA.
      7322 Tribble Gap Xrd, Alto, GA 30510
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      1,835 SF

      Highway 365 Retail/Warehouse Space

      Retail and warehouse spaces available along Highway 365.
      126-318 Anderson Cir, Alto, GA 30510
      View Details
    • Contact for pricing
      466,857 SF

      Gainesville Hwy Warehouse Space

      Large industrial warehouse, Alto, GA
      2850 Gainesville Hwy, Alto, GA 30510
      View Details
    • Contact for pricing
      2,500 SF

      Retail/Office Space For Lease

      2,500 SF retail/office space available for lease.
      3840 State Rte 365, Alto, GA 30510
      View Details
    • $27 SF/Yr
      1,500 SF

      New Retail Space Available

      New retail space for lease, completion estimated March 2025.
      416 Wilbanks Rd, Alto, GA 30510
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2850 Gainesville Hwy
    Alto, GA 30510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2850 Gainesville Hwy, Alto, GA, 30510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!