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    5493 Westmoreland Plz Douglasville, GA 30134
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    5493 Westmoreland Plz, Douglasville, GA 30134

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    • Industrial properties
    • 10,000 SF
    • 3.30 lot acres
    For Lease
    $3,950,000
    View Listing →
    Westmoreland Plaza Industrial Space For Lease
    $3,950,000
    3,500 SF

    Westmoreland Plaza Industrial Space

    Industrial spaces available for lease in Douglasville, Georgia.

    5493 Westmoreland Plaza, Douglasville, GA 30134
    View Listing
    Property ID
    US22-4282149
    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
    $3,950,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Innovative Maintenance Group Inc. / HVAC Service / General Contractor
    • Full Circle Electrical, LLC / Electrical Service / General Contractor
    • Mr Moonwalk Inflatables Rental / Rental Equipment Company / Party Supply Store
    • Najgraphics LLC / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Moyés in Douglasville / Hotel & Motel / Resort

    Property Details for 5493 Westmoreland Plz

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    3.30 lot acres
    Zone code
    IL
    Property type
    Industrial properties
    APN
    0904-18-2- -00008
    APU
    90418200008

    Description

    Westmoreland Plaza Logistics Center in Douglasville, Georgia offers 30,180 square feet of industrial space for lease across five buildings. This multi-tenant property, located at 5493 Westmoreland Plaza, zip code 30134, in Douglas County, is ideal for manufacturing, distribution, or flex-use businesses. Currently, there are four available spaces ranging in size from 1,180 to 4,000 square feet. A total of 7,100 square feet is currently vacant. The property's classification as industrial ensures suitability for warehouse and distribution operations. Lease terms may include a Net, Net, Net (NNN) structure. This prime location in Douglasville provides easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The property is well-suited for companies seeking flexible space options to accommodate varying operational needs. Interested parties should inquire about specific unit availability and lease terms. The property's address is 5493 Westmoreland Plaza, Douglasville, GA 30134.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,950,000
      ML approach
      $3,950,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,965,000
      OFFICE BUILDING
      $2,625,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.713
    Latitude
    33.7539
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    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
    2024
    $31,797
    $89,160
    $675,880
    $765,040
    -
    $222,900
    $1,689,700
    $1,912,600

    Comparable in this City

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      1353 Mcintosh Rd

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      7674 Mckay Industrial Dr

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    • Value Estimation
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      11,200 SF

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      INDUSTRIAL (GENERAL)
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    Similar Nearby for Sale

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      10,551 SF

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      View Details
    • $695,000

      Douglasville Flex Industrial/Retail Opportunity

      Corner parcel suitable for investment or owner-occupied use.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $695,000

      Corner Parcel in Downtown Douglasville

      4,588-SF building zoned HI-Heavy Industrial, suitable for flex industrial/retail.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
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      4,588 SF

      Douglasville Corner Parcel with Building

      Corner parcel with building suitable for industrial, retail, or automotive.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
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      4,588 SF

      Douglasville Flex Industrial/Retail Opportunity

      4,588 SF building on a corner parcel for sale.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details

    Similar Nearby for Lease

    • Sponsored
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      GA, Douglasville - Veterans Memorial Highway

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      View Details
    • Contact for pricing
      139,040 SF

      Distribution Center I-20 W Corridor

      143,550 SF distribution center breaking ground May 2025.
      4281 Industrial Access Rd, Douglasville, GA 30134
      View Details
    • New
      $3,995 /Mo

      Industrial Warehouse for Lease

      Warehouse space available for rent along Veterans Memorial Highway, offering a practical base for logistics and storage operations.
      12471 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • Contact for pricing

      Douglasville Distribution Space Near I-20

      Class A industrial facility with efficient logistics and warehouse operations.
      7555 Wood Rd, Douglasville, GA 30134
      View Details
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      Truck Parking & Storage Spaces

      1.5-acre commercial site with 25 truck parking spaces and office.
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
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      Industrial Building with I-20 Access

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      View Details
    View Listing
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    Douglasville, GA 30134
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    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
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