Multi-Tenant Flex Space
For Sale
$1,100,000
60 Bellamy Court, Stockbridge, GA 30281
COMMERCIAL - Stockbridge, GA
Property Size9,312 SF
Lot Size1.51 Acres
Price / SF$118.13
Days on Market207
Property Features for 60 Bellamy Court
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Industrial Park
Directions
Please GPS
Standard status
Active
APN
068D03060000
Size
9,312 SF
Lot size
1.51 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
9295
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2000
Building materials
Aluminum Siding, Steel Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Cox & Company Real Estate, LLC
(678) 422-2650
Listed By:
Kim Owens · License #242953
(404) 274-4478
Added: Jan 14
Changed: Aug 4
Last Checked: Aug 9 at 9:06AM
MLS# 10671980
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 9,312-square-foot flex space complex occupies approximately 1.51 acres and includes warehouse, office, and operational areas across three addresses. The improvements feature three roll-up doors, three loading docks, six separate entrances, and an attached 1,288-square-foot office suite with private offices and four full bathrooms. Paved parking, fenced yard access, and multiple covered entrances support a range of commercial operations.
The property provides direct access for 18-wheelers, including front-door truck access at the industrial space, along with rear delivery access and a separate delivery lift. Existing leases are in place, and the layout supports multi-tenant occupancy or an owner-user configuration. Public water, available electricity, a metal roof, and a 2000 construction date round out the core property features. The airport is located 26 miles away, and the property is in Stockbridge, Georgia.
The property provides direct access for 18-wheelers, including front-door truck access at the industrial space, along with rear delivery access and a separate delivery lift. Existing leases are in place, and the layout supports multi-tenant occupancy or an owner-user configuration. Public water, available electricity, a metal roof, and a 2000 construction date round out the core property features. The airport is located 26 miles away, and the property is in Stockbridge, Georgia.
Key Highlights
- 9,312 square feet on approximately 1.51 acres
- Three roll‑up doors and three loading docks
- Direct 18‑wheeler access to the front door
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
$68,358
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
6.21%
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%
$1,367,160
$1.4M
Cap Rate 7%
$976,543
$976.5K
Cap Rate 9%
$759,533
$759.5K
Market Conditions
NOI Build-Up for 9,312 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
$88.3K $9.48/SF
− Vacancy
−$7.9K −$0.84/SF
EGI
$80.4K $8.64/SF
− OpEx
−$12.1K −$1.30/SF
NOI
$68.4K $7.34/SF
Area
Henry County, GA
Vacancy
8.90%
Lease Rate
$9.48 /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%
$1,367,160
Cap Rate 7%
$976,543
Cap Rate 9%
$759,533
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,698 @ 7.0% cap · market cap 11.34%
Second Best
Warehouse
$976.5K
$854.5K – $1.14M
NOI $68,358 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,214 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30281, GA
69,540
Population
29,546
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
69.3 sq mi
ZIP Area
1,003
Density / Sq Mi
$70,587
Median Household Income
$43,672
Median Earnings
$1,427
Median Rent
$235,700
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 - Truck-accessible commercial property combining warehouse bays, office space, fenced yards, and paved parking.
Where is this flex space located?
The property is located at 60 Bellamy Court Stockbridge, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9,312 square feet on approximately 1.51 acres; Three roll‑up doors and three loading docks; Direct 18‑wheeler access to the front door
