Flex Space with Expansion
For Sale
$700,000
5929 Joe Frank Harris Parkway NW, Adairsville, GA 30103
Commercial Sale, Adairsville, GA
Property Size2,250 SF
Lot Size0.67 Acres
Price / SF$311.11
Days on Market125
Property Features for 5929 Joe Frank Harris Parkway NW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Parking features
Parking Lot
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
GPS is accurate. Sign is only on 5911 Joe Frank Harris Pkwy. Business is 5929.
Standard status
Active
APN
A0020003024
Size
2,250 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2079
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
renovated showroom
ADA compliant restroom
kitchenette
bay door
Building Details
Year built
1960
Flooring type
Concrete
Building materials
Block, Brick
Roof type
Metal
Listing Agency:
eXp Realty
(888) 959-9461
Listed By:
Susanna Erickson · License #405713
(770) 714-5493
Added: Apr 22
Changed: Aug 19
Last Checked: Aug 24 at 2:06AM
MLS# 10738869
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 space includes a 2,250-square-foot commercial building on a 0.13-acre lot, accompanied by an adjacent 0.54-acre parcel. Interior improvements include a renovated showroom, ADA-compliant restroom, kitchenette, and concrete flooring. A rear bay door supports functional access for production, manufacturing, or retail operations. The building also features block and brick construction, a metal roof, central air, electric and hot-water heating, a parking lot, chain-link fencing, and an accessible approach with ramp.
The property is positioned just off Hwy 41 at 5929 Joe Frank Harris Parkway NW in Adairsville, Georgia. Public water and public sewer serve the property, and the adjoining parcel provides additional land for future buildings or expansion. The combined land area is 0.67 acres.
The property is positioned just off Hwy 41 at 5929 Joe Frank Harris Parkway NW in Adairsville, Georgia. Public water and public sewer serve the property, and the adjoining parcel provides additional land for future buildings or expansion. The combined land area is 0.67 acres.
Key Highlights
- 2,250‑square‑foot commercial building on a 0.13‑acre lot
- Adjacent .54‑acre parcel included for expansion or additional buildings
- Renovated showroom with ADA‑compliant restroom and kitchenette
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
$31,647
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
4.52%
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%
$632,940
$632.9K
Cap Rate 7%
$452,100
$452.1K
Cap Rate 9%
$351,633
$351.6K
Market Conditions
NOI Build-Up for 2,250 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
$49.4K $21.96/SF
− Vacancy
−$4.2K −$1.87/SF
EGI
$45.2K $20.09/SF
− OpEx
−$13.6K −$6.03/SF
NOI
$31.6K $14.07/SF
Area
Bartow 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%
$632,940
Cap Rate 7%
$452,100
Cap Rate 9%
$351,633
Alternative Uses
Best Use
Retail
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$195.8K
$171.3K – $228.5K
NOI $13,707 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$631.8K
$552.8K – $737.1K
NOI $44,226 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30103, GA
15,606
Population
5,726
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
103.9 sq mi
ZIP Area
150
Density / Sq Mi
$76,055
Median Household Income
$45,059
Median Earnings
$1,025
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Industrial 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 - A flexible commercial facility combines finished showroom space, a rear bay door, and an adjoining parcel for future expansion.
Where is this flex space located?
The property is located at 5929 Joe Frank Harris Parkway NW Adairsville, GA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,250‑square‑foot commercial building on a 0.13‑acre lot; Adjacent .54‑acre parcel included for expansion or additional buildings; Renovated showroom with ADA‑compliant restroom and kitchenette
