Flex Space with
For Sale
$550,000
3206 West Point Road, Lagrange, GA 30240
Commercial Sale, Lagrange, GA
Property Size6,000 SF
Lot Size1.72 Acres
Price / SF$91.67
Days on Market10
Property Features for 3206 West Point Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Lot features
Level
Directions
GPS, Next to Southern Carts
Standard status
Active
APN
0713B000034A
Size
6,000 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3545
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1977
Flooring type
Concrete
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Yvette Potts · License #408194
(706) 885-2046
Added: Aug 20
Changed: Aug 26
Last Checked: Aug 29 at 8:06AM
MLS# 10831677
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 flex property combines approximately 6,000 square feet of office and warehouse space on a 1.72-acre parcel. The office component has stained concrete floors, newly constructed walls, and mini-split systems installed in 2023. Additional storage is positioned above the office area, while the building also includes a parking lot, steel siding, and a metal roof.
The property is served by three-phase electricity and City of LaGrange fiber-optic internet. Water is available from the public system, with septic service on site. A Phase II Environmental Site Assessment, subsurface imaging, and a 2023 survey have been completed. The building was constructed in 1977, and the sale includes the building only; the operating business is excluded.
The property is served by three-phase electricity and City of LaGrange fiber-optic internet. Water is available from the public system, with septic service on site. A Phase II Environmental Site Assessment, subsurface imaging, and a 2023 survey have been completed. The building was constructed in 1977, and the sale includes the building only; the operating business is excluded.
Key Highlights
- Approximately 6,000 square feet of office and warehouse space
- 1.72‑acre parcel with parking lot
- Three‑phase electricity and City of LaGrange fiber‑optic internet
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
$32,502
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
5.91%
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%
$650,040
$650.0K
Cap Rate 7%
$464,314
$464.3K
Cap Rate 9%
$361,133
$361.1K
Market Conditions
NOI Build-Up for 6,000 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
$41.2K $6.86/SF
− Vacancy
−$2.9K −$0.49/SF
EGI
$38.2K $6.37/SF
− OpEx
−$5.7K −$0.96/SF
NOI
$32.5K $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%
$650,040
Cap Rate 7%
$464,314
Cap Rate 9%
$361,133
Alternative Uses
Best Use
Office B
$1.00M
$877.0K – $1.17M
NOI $70,162 @ 7.0% cap · market cap 12.76%
Second Best
Warehouse
$464.3K
$406.3K – $541.7K
NOI $32,502 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,976 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
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.
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with three-phase power, fiber-optic internet, and dedicated storage above the office area.
Where is this flex space located?
The property is located at 3206 West Point Road Lagrange, GA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 6,000 square feet of office and warehouse space; 1.72‑acre parcel with parking lot; Three‑phase electricity and City of LaGrange fiber‑optic internet
