Flex Space With Dual
For Sale
$1,400,000
1154 Concord Road SE, Smyrna, GA 30080
Commercial Sale, Smyrna, GA
Property Size4,302 SF
Lot Size0.33 Acres
Price / SF$325.58
Days on Market466
Property Features for 1154 Concord Road SE
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Corner Lot
Directions
Use GPS
Standard status
Active
APN
17048500300
Size
4,300 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
6902
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Building materials
Frame
Listing Agency:
Atlanta Communities
(770) 240-2004
Listed By:
Geoffrey Nagy
(770) 624-4562
Added: May 13, 2025
Changed: Aug 19
Last Checked: Aug 21 at 12:06AM
MLS# 10588750
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.
This two-level flex property combines professional office space with showroom and workshop functionality. The upper floor is configured with an open work area, private offices, treatment rooms, reception, a waiting area, and a restroom. The lower floor provides a broad showroom, workroom or shop area, utility room, restroom, separate rear entry, and parking. Central heating and central air serve the building, which was constructed in 1982 with frame materials.
The property occupies 0.33 acres at a signalized intersection on Concord Road, with access from both Concord Road and King Springs Road. Traffic volume is approximately 12,000 vehicles per day. Public water and public sewer serve the site, with 12 front parking spaces and additional parking behind the building. The spaces can support owner occupancy or separate occupancy arrangements, including a sale-leaseback structure.
The property occupies 0.33 acres at a signalized intersection on Concord Road, with access from both Concord Road and King Springs Road. Traffic volume is approximately 12,000 vehicles per day. Public water and public sewer serve the site, with 12 front parking spaces and additional parking behind the building. The spaces can support owner occupancy or separate occupancy arrangements, including a sale-leaseback structure.
Key Highlights
- 0.33‑acre property at a signalized intersection on Concord Road
- Approximately 12,000 vehicles per day
- Access from both Concord Road and King Springs Road
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
$62,346
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
4.45%
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%
$1,246,920
$1.2M
Cap Rate 7%
$890,657
$890.7K
Cap Rate 9%
$692,733
$692.7K
Market Conditions
NOI Build-Up for 4,300 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
$116.1K $27.00/SF
− Vacancy
−$12.2K −$2.84/SF
EGI
$103.9K $24.17/SF
− OpEx
−$41.6K −$9.67/SF
NOI
$62.3K $14.50/SF
Area
Cobb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,246,920
Cap Rate 7%
$890,657
Cap Rate 9%
$692,733
Alternative Uses
Best Use
Healthcare Medical
$890.7K
$779.3K – $1.04M
NOI $62,346 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$864.0K
$756.0K – $1.01M
NOI $60,481 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,521 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30080, GA
52,125
Population
27,081
Households
1.9
Avg Household Size
35
Median Age
58%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
4,137
Density / Sq Mi
$87,949
Median Household Income
$59,267
Median Earnings
$1,660
Median Rent
$409,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Uncle Bud's Catering — 725 Concord Rd SE, Smyrna, GA 30082
- ShakeUp ATL — 3209 S Cobb Dr SE Ste G6, Smyrna, GA 30080
Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial property with office, showroom, treatment, and workshop areas at a signalized intersection.
Where is this flex space located?
The property is located at 1154 Concord Road SE Smyrna, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.33‑acre property at a signalized intersection on Concord Road; Approximately 12,000 vehicles per day; Access from both Concord Road and King Springs Road
