Flex Space Warehouse with Loading
For Sale
Under Contract
$670,000
107 Corporate Park E Drive, Lagrange, GA 30241
COMMERCIAL - Lagrange, GA
Property Size8,500 SF
Lot Size2.54 Acres
Price / SF$78.82
Days on Market195
Property Features for 107 Corporate Park E Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Window features
Display Window(s)
Accessibility
Accessible Approach with Ramp
Lot features
Industrial Park, Level
Directions
use gps
Standard status
Active Under Contract
APN
0393 000034
Size
8,500 SF
Lot size
2.54 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
5428
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Flooring type
Tile, Concrete, Carpet
Building materials
Block, Brick, Concrete, Frame, Glass, Steel Siding, Stone
Roof type
Copper
Listing Agency:
Atlanta Communities
(404) 844-4198
Listed By:
Jina Kim
(443) 472-3333
Added: Jan 29
Changed: Aug 4
Last Checked: Aug 12 at 12:06PM
MLS# 10682760
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Versatile 8,500 SF warehouse facility on 2.54 acres within an established industrial park. The space is designed to support distribution, manufacturing, mixed-use, or office-warehouse operations, with multiple offices, a reception area, and a designated future waiting room to connect administrative functions with customer-facing needs.
The warehouse includes loading docks and drive-in access for efficient logistics, shipping, and receiving. A fully paved parking lot provides parking and maneuverability for employees, clients, and commercial vehicles, and an accessible approach with ramp supports visitor access.
Built in 1999, the building features central heating and central air cooling. Interior finishes include carpet, concrete, and tile flooring. The property uses public water and public sewer, with cable available. Construction materials include block, brick, concrete, frame, glass, steel siding, and stone, and the roof is copper.
The warehouse includes loading docks and drive-in access for efficient logistics, shipping, and receiving. A fully paved parking lot provides parking and maneuverability for employees, clients, and commercial vehicles, and an accessible approach with ramp supports visitor access.
Built in 1999, the building features central heating and central air cooling. Interior finishes include carpet, concrete, and tile flooring. The property uses public water and public sewer, with cable available. Construction materials include block, brick, concrete, frame, glass, steel siding, and stone, and the roof is copper.
Key Highlights
- 8,500 SF warehouse facility on 2.54 acres
- Loading docks and drive‑in access for shipping and receiving
- Multiple offices, reception area, and designated future waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,880
$920.9K
Cap Rate 7%
$657,771
$657.8K
Cap Rate 9%
$511,600
$511.6K
Market Conditions
NOI Build-Up for 8,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.3K $6.86/SF
− Vacancy
−$4.1K −$0.49/SF
EGI
$54.2K $6.37/SF
− OpEx
−$8.1K −$0.96/SF
NOI
$46.0K $5.42/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,880
Cap Rate 7%
$657,771
Cap Rate 9%
$511,600
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,396 @ 7.0% cap · market cap 14.84%
Second Best
Warehouse
$657.8K
$575.6K – $767.4K
NOI $46,044 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,132 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 8,500 SF flex space warehouse with loading docks and drive-in access plus multiple offices and reception area.
Where is this flex space located?
The property is located at 107 Corporate Park E Drive Lagrange, GA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 8,500 SF warehouse facility on 2.54 acres; Loading docks and drive‑in access for shipping and receiving; Multiple offices, reception area, and designated future waiting room
