Flex Space with Drive-Through
For Sale
$1,530,000
29 Southern Court, Hiram, GA 30141
Commercial Sale, Hiram, GA
Property Size5,000 SF
Lot Size1.07 Acres
Price / SF$306
Days on Market123
Property Features for 29 Southern Court
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Covered
Lot features
Business Park, Industrial Park
Directions
GPS Friendly
Standard status
Active
APN
49624
Size
5,000 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4235
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Amenities
reception area
kitchen
bathroom
conference room
garage area
fenced rear yard
Building Details
Year built
2008
Flooring type
Stone, Concrete
Listing Agency:
REMAX Around Atlanta · RE/MAX International
(770) 419-1986
Listed By:
Julie Bell · License #184157
(404) 790-4680
Added: May 1
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# 10755149
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 5,000-square-foot flex property sits on 1.07 acres and was built in 2008. The interior includes several offices, a reception area, kitchen, bathroom, and conference room, while the substantial garage and shop area provides functional industrial workspace. Stone and concrete flooring, central air, public water, and septic service are also present.
The building has a 16-foot eave height and six roll-up doors, with three positioned on the front and three on the rear to allow vehicle passage through the structure. A fenced rear yard provides additional secured space, and the site includes front guest parking plus rear parking for trucks or cars. The property is located at 29 Southern Court in Hiram, Georgia.
The building has a 16-foot eave height and six roll-up doors, with three positioned on the front and three on the rear to allow vehicle passage through the structure. A fenced rear yard provides additional secured space, and the site includes front guest parking plus rear parking for trucks or cars. The property is located at 29 Southern Court in Hiram, Georgia.
Key Highlights
- 5,000 square feet on 1.07 acres
- 16‑foot eave height with six roll‑up doors
- Three front and three rear doors enable drive‑through access
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
$66,955
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
4.38%
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%
$1,339,100
$1.3M
Cap Rate 7%
$956,500
$956.5K
Cap Rate 9%
$743,944
$743.9K
Market Conditions
NOI Build-Up for 5,000 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
$119.4K $23.87/SF
− Vacancy
−$30.1K −$6.02/SF
EGI
$89.3K $17.85/SF
− OpEx
−$22.3K −$4.46/SF
NOI
$67.0K $13.39/SF
Area
Paulding County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,339,100
Cap Rate 7%
$956,500
Cap Rate 9%
$743,944
Alternative Uses
Best Use
Office B
$956.5K
$836.9K – $1.12M
NOI $66,955 @ 7.0% cap · market cap 4.38%
Second Best
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,280 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30141, GA
23,616
Population
9,151
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
27.6 sq mi
ZIP Area
856
Density / Sq Mi
$84,724
Median Household Income
$47,704
Median Earnings
$1,706
Median Rent
$254,800
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.
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements include a reception area, kitchen, conference room, and fenced rear yard.
Where is this flex space located?
The property is located at 29 Southern Court Hiram, GA.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: 5,000 square feet on 1.07 acres; 16‑foot eave height with six roll‑up doors; Three front and three rear doors enable drive‑through access
