Flex Space with Drive-In
For Sale
$1,500,000
2101 SE Dogwood Ind Circle, Conyers, GA 30013
Commercial Sale, Conyers, GA
Property Size4,000 SF
Lot Size1.21 Acres
Price / SF$375
Days on Market145
Property Features for 2101 SE Dogwood Ind Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Corner Lot, Industrial Park, Level
Directions
GPS
Standard status
Active
APN
0930010056
Size
4,000 SF
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
22194
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
break room/kitchen area
Building Details
Year built
2020
Building materials
Stone
Roof type
Metal
Listing Agency:
Georgia Premier RE Advisors
(706) 363-0099
Listed By:
Matthew L Smith
(706) 340-4724
Added: Apr 22
Changed: Aug 19
Last Checked: Sep 13 at 2:06AM
MLS# 10757250
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 4,000-square-foot flex property, completed in 2020, combines a 2,600-square-foot shop and warehouse component with 1,400 square feet of climate-controlled office and customer space. The industrial area includes 16-foot eave heights, approximately 18-foot center clearance, three 10-by-12-foot drive-in doors, and two 12-by-14-foot drive-in doors. Interior support areas include a break room or kitchen, reception and waiting space, two private offices, and multiple restrooms.
Set on 1.21 acres in Conyers, the property is positioned near Interstate 20 and the Salem Road exit. A parking lot, metal roof, stone construction, central heating, central air, electric cooling, public water, and public sewer are in place. The configuration accommodates service, automotive, contractor, equipment, fabrication, and light industrial operations described for the property.
Set on 1.21 acres in Conyers, the property is positioned near Interstate 20 and the Salem Road exit. A parking lot, metal roof, stone construction, central heating, central air, electric cooling, public water, and public sewer are in place. The configuration accommodates service, automotive, contractor, equipment, fabrication, and light industrial operations described for the property.
Key Highlights
- 4,000 SF of improvements on 1.21 acres
- 2,600 SF shop and warehouse area with 16' eave heights and approximately 18' center clearance
- Five drive‑in doors: three 10' x 12' and two 12' x 14'
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
$56,262
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
3.75%
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%
$1,125,240
$1.1M
Cap Rate 7%
$803,743
$803.7K
Cap Rate 9%
$625,133
$625.1K
Market Conditions
NOI Build-Up for 4,000 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
$87.8K $21.96/SF
− Vacancy
−$7.5K −$1.87/SF
EGI
$80.4K $20.09/SF
− OpEx
−$24.1K −$6.03/SF
NOI
$56.3K $14.07/SF
Area
Rockdale County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,125,240
Cap Rate 7%
$803,743
Cap Rate 9%
$625,133
Alternative Uses
Best Use
Retail
$803.7K
$703.3K – $937.7K
NOI $56,262 @ 7.0% cap · market cap 3.75%
Second Best
Office B
$765.2K
$669.6K – $892.7K
NOI $53,564 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Central HVAC, office and customer areas, public water, and public sewer support a range of commercial operations.
Where is this flex space located?
The property is located at 2101 SE Dogwood Ind Circle Conyers, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,000 SF of improvements on 1.21 acres; 2,600 SF shop and warehouse area with 16' eave heights and approximately 18' center clearance; Five drive‑in doors: three 10' x 12' and two 12' x 14'
