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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5501 Westmoreland Plz Ofc Douglasville, GA 30134-2523

    • Industrial properties
    • 14.30 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2024
    $23,500,000
    Value Estimations
    $23,500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3495691
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 5501 Westmoreland Plz Ofc

    Year built
    2023
    Lot size
    14.30 lot acres
    Zone code
    R-2
    Property type
    Industrial properties
    APN
    0903-18-2- -00005
    APU
    90318200005

    Description

    This exceptional Class A warehouse, located at 5501 Westmoreland Plaza in Douglasville, Georgia (zip code 30134), presents a significant investment opportunity. Boasting 170,860 square feet of rentable space on a 14.5-acre lot, this 2023-built facility is ready for immediate occupancy. The building features a 32' clear height, 29 (9' x 10') dock-high doors (expandable), and 4 (7' x 8') 35,000 lb. pit levelers, ensuring efficient loading and unloading. Additional access is provided by a 12' x 14' drive-in door. The warehouse is equipped with an ESFR sprinkler system for optimal fire protection. Ample parking is available with 88 auto spaces (expandable to 167) and 16 trailer storage locations (expandable to 36). The expansive 120'-185' truck court depth accommodates large vehicles. The building's robust infrastructure includes a 2,000 amp, 3-phase electrical service, 54' W x 40' D column spacing with a 60' loading bay, and a 6-inch, 4,000 PSI floor slab. Constructed with tilt-wall construction, this warehouse offers durability and modern design. Its convenient location is just 0.7 miles from I-20 at Exit 37. The property also includes a 3,066 square foot spec office. Asking price is $23,920,400.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.7108
    Latitude
    33.7541
    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
    $157,560
    $863,360
    $3,596,600
    $4,459,960
    -
    $2,158,400
    $8,991,500
    $11,149,900

    Comparable in this City

    • Value Estimation
      $785,000
      15,989 SF

      Bankhead Hwy

      INDUSTRIAL (GENERAL) • 15,989 SF
      Bankhead Hwy, Douglasville, GA 30134
      View Details
    • Value Estimation
      $4,845,000
      35,000 SF

      999 Burnt Hickory Rd

      INDUSTRIAL PARK • 35,000 SF
      999 Burnt Hickory Rd, Douglasville, GA 30134-3994
      View Details
    • Value Estimation
      $785,000
      7,952 SF

      1025 Shadix Industrial Way

      INDUSTRIAL (GENERAL) • 7,952 SF
      1025 Shadix Industrial Way, Douglasville, GA 30134-3999
      View Details
    • Value Estimation by Request
      0.30 Acres

      12081 Veterans Memorial Hwy

      Distribution properties • 0.30 Acres
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • Value Estimation by Request
      6,700 SF

      8337 Dallas Hwy

      Flex space • 6,700 SF
      8337 Dallas Hwy, Douglasville, GA 30134
      View Details
    • Value Estimation
      $990,000
      12,000 SF

      11291 Veterans Memorial Hwy

      INDUSTRIAL PARK • 12,000 SF
      11291 Veterans Memorial Hwy, Douglasville, GA 30134-4571
      View Details

    Similar Nearby for Sale

    • $1,250,000
      12,000 SF

      Douglasville Warehouse Investment

      12,000 SF Warehouse, 7.2% Cap Rate
      2482 Bright Star Rd, Douglasville, GA 30134
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    • $250,000
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      Douglasville Industrial Property

      2,800 SF Warehouse, Flex Space, $250K
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    • $750,000
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      Douglasville Warehouse Investment

      Prime Industrial Space, High Visibility
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
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    • $695,000
      4,588 SF

      Douglasville Flex Industrial/Retail Opportunity

      Corner parcel suitable for investment or owner-occupied use.
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
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    • $430,000
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      Douglasville Commercial Land

      0.88 Acres, High-Traffic Location
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    • $39,900
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      Residential Lot in Douglasville, GA

      Residential-zoned lot in a well-kept, deed-restricted subdivision.
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    Similar Nearby for Lease

    • $60,000
      65,340 SF

      Veterans Highway Industrial Land

      1.5-Acre Industrial Outside Storage Lease
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $11 SF/Yr
      30,032 SF

      Douglasville Flex Space Available

      Modern Flex Warehouse, 7,806 SF Vacant
      963 Burnt Hickory Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      260,850 SF

      Cubework Douglasville

      Coworking space • 260,850 SF
      7600 Wood Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      2,200 SF

      Douglasville Warehouse Near I-20

      2,200 SF warehouse space for lease, convenient I-20 access.
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • Contact for pricing
      27,917 SF

      Industrial Space Available for Sublease

      27,917 SF industrial space at Bright Star Logistics Center.
      7555 Wood Rd, Douglasville, GA 30134
      View Details
    • $156 SF/Yr
      30,180 SF

      Westmoreland Plaza Industrial Space

      Douglasville, GA: Flexible Industrial Units
      5493 Westmoreland Plz, Douglasville, GA 30134
      View Details
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    Douglasville, GA 30134-2523
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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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