Flex Space with Drive-In
For Sale
$699,900
211 Whitesville Street, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size9,000 SF
Lot Size0.54 Acres
Price / SF$77.97
Days on Market135
Property Features for 211 Whitesville Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
Corner of Whitesville and Fannin St
Standard status
Active
APN
0503C023005
Size
8,977 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3040
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1980
Flooring type
Vinyl, Concrete
Building materials
Aluminum Siding, Steel Siding
Roof type
Metal
Listing Agency:
RE/MAX Results · RE/MAX International
(706) 845-7000
Listed By:
Jason Jenkins · License #410004
(706) 523-6111
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 10753981
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.
Built in 1980, this 8,977-square-foot flex property occupies 0.54 acres and combines office areas with warehouse space. The facility includes two drive-in doors, a loading dock ramp that may be restored, vinyl and concrete flooring, a metal roof, central electric heating and cooling, and a paved parking lot. Public water and sewer serve the property, with an accessible approach ramp and chain-link fencing also in place.
The building fronts Whitesville Street in LaGrange, where traffic is reported at approximately 14,000 vehicles per day. Interstate 85 is nearby, providing access to a major regional transportation corridor. The owner is also open to selling business materials and equipment separately from the real estate.
The building fronts Whitesville Street in LaGrange, where traffic is reported at approximately 14,000 vehicles per day. Interstate 85 is nearby, providing access to a major regional transportation corridor. The owner is also open to selling business materials and equipment separately from the real estate.
Key Highlights
- 8,977 SF flex facility on 0.54 acres
- Two drive‑in doors serve the warehouse area
- Loading dock ramp may be restored for use
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
$48,628
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
6.95%
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%
$972,560
$972.6K
Cap Rate 7%
$694,686
$694.7K
Cap Rate 9%
$540,311
$540.3K
Market Conditions
NOI Build-Up for 8,977 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
$61.6K $6.86/SF
− Vacancy
−$4.4K −$0.49/SF
EGI
$57.2K $6.37/SF
− OpEx
−$8.6K −$0.96/SF
NOI
$48.6K $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%
$972,560
Cap Rate 7%
$694,686
Cap Rate 9%
$540,311
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $104,974 @ 7.0% cap · market cap 15.00%
Second Best
Warehouse
$694.7K
$607.9K – $810.5K
NOI $48,628 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,603 @ 7.0% cap · market cap 20.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible configuration combines office areas with warehouse space.
Where is this flex space located?
The property is located at 211 Whitesville Street Lagrange, GA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 8,977 SF flex facility on 0.54 acres; Two drive‑in doors serve the warehouse area; Loading dock ramp may be restored for use
