Multi-Tenant Flex Space with Truck
For Sale
$1,100,000
60 Bellamy Court, Stockbridge, GA 30281
Commercial Sale, Stockbridge, GA
Property Size9,312 SF
Lot Size1.51 Acres
Price / SF$118.13
Days on Market253
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
Amenities
private offices
kitchen
break room
full bathrooms
covered front porch
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 19
Last Checked: Sep 24 at 5:06PM
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 flex-space property includes 9,312 square feet of commercial improvements on approximately 1.51 acres. The complex combines warehouse areas with attached office space, private offices, kitchens or break areas, multiple bathrooms, covered entrances, and rear access for vehicles or deliveries. Roll-up access, loading capability, fenced yard areas, paved parking, and an on-site dumpster support a range of established commercial operations. The improvements were built in 2000 and feature aluminum and steel siding with a metal roof.
Located 26 miles from the airport, the property has frontage on two public roads and supports full truck access, including 18-wheeler access to the front door. Public water, public sewer, and available electricity serve the site. Existing leases are in place, and the property is presented for multi-tenant or owner-user use. Specific spaces include office-oriented areas and industrial space approved for body shop use, with layouts that also accommodate logistics, fabrication, automotive, distribution, or contractor operations.
Located 26 miles from the airport, the property has frontage on two public roads and supports full truck access, including 18-wheeler access to the front door. Public water, public sewer, and available electricity serve the site. Existing leases are in place, and the property is presented for multi-tenant or owner-user use. Specific spaces include office-oriented areas and industrial space approved for body shop use, with layouts that also accommodate logistics, fabrication, automotive, distribution, or contractor operations.
Key Highlights
- 9,312‑square‑foot flex‑space complex on approximately 1.51 acres
- Built in 2000 with aluminum and steel siding and a metal roof
- 18‑wheeler access directly to the front door at 72 Bellamy
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
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial improvements combine warehouse areas, connected offices, paved parking, and fenced yard access.
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‑foot flex‑space complex on approximately 1.51 acres; Built in 2000 with aluminum and steel siding and a metal roof; 18‑wheeler access directly to the front door at 72 Bellamy
