Freestanding Flex
For Sale
$1,225,000
1790 Browns Bridge Road, Gainesville, GA 30501
Commercial Sale, Gainesville, GA
Property Size12,500 SF
Lot Size0.90 Acres
Price / SF$98
Days on Market576
Property Features for 1790 Browns Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Type address in GPS
Standard status
Active
APN
00123 007017
Size
12,500 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
7586
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1964
Building materials
Block, Frame, Steel Siding, Vinyl Siding
Listing Agency:
Norton Commercial Acreage Group
(770) 297-4800
Listed By:
Jose Elias · License #380011
(678) 865-6007
Added: Feb 14, 2025
Changed: Aug 19
Last Checked: Sep 13 at 2:06PM
MLS# 10462193
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 freestanding flex space combines retail and warehouse areas within a 12,500-square-foot building constructed in 1964. The property occupies 0.9 acres and includes both ground-level and dock-high loading, along with a parking lot. Block, frame, steel siding, and vinyl siding are among the recorded construction materials.
The building sits on a corner lot with frontage along Hwy. 369, also known as Browns Bridge Road, in Gainesville. Public water and public sewer serve the property, and water is available. Sale-related equipment includes a paint booth, an auto body frame alignment table, and additional tools.
The building sits on a corner lot with frontage along Hwy. 369, also known as Browns Bridge Road, in Gainesville. Public water and public sewer serve the property, and water is available. Sale-related equipment includes a paint booth, an auto body frame alignment table, and additional tools.
Key Highlights
- 12,500‑square‑foot freestanding building on 0.9 acres
- Corner‑lot position with frontage along Hwy. 369 (Browns Bridge Road)
- Ground‑level and dock‑high loading options
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
$91,760
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
7.49%
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%
$1,835,200
$1.8M
Cap Rate 7%
$1,310,857
$1.3M
Cap Rate 9%
$1,019,556
$1.0M
Market Conditions
NOI Build-Up for 12,500 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
$118.5K $9.48/SF
− Vacancy
−$10.5K −$0.84/SF
EGI
$108.0K $8.64/SF
− OpEx
−$16.2K −$1.30/SF
NOI
$91.8K $7.34/SF
Area
Hall County, GA
Vacancy
8.90%
Lease Rate
$9.48 /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%
$1,835,200
Cap Rate 7%
$1,310,857
Cap Rate 9%
$1,019,556
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $144,113 @ 7.0% cap · market cap 11.76%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,760 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $245,045 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot commercial building with retail presentation, warehouse functionality, and multiple loading options.
Where is this flex space located?
The property is located at 1790 Browns Bridge Road Gainesville, GA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 12,500‑square‑foot freestanding building on 0.9 acres; Corner‑lot position with frontage along Hwy. 369 (Browns Bridge Road); Ground‑level and dock‑high loading options
