Flex Space with Hanger
For Sale
$1,999,999
61 Toto Creek Park Road, Dawsonville, GA 30534
Commercial Sale, Dawsonville, GA
Property Size9,970 SF
Lot Size2.00 Acres
Price / SF$200.60
Days on Market453
Property Features for 61 Toto Creek Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
40
Parking features
Parking Lot
Lot features
Corner Lot, Level, Semi Turning Available
Directions
Use GPS
Standard status
Active
APN
L05 040
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7197
Utilities
Utilities
Cable Available
Sewer type
Perc Test On File
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
break room with full kitchen
Building Details
Year built
2024
Flooring type
Concrete
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Century 21 Results · Century 21 Real Estate
(770) 889-6090
Listed By:
Brooke Watson · License #376467
(678) 939-7405
Added: May 29, 2025
Changed: Aug 19
Last Checked: Aug 24 at 2:06AM
MLS# 10531876
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.
New 2024/2025 construction flex space built to code, with a portion of the building laid out as two stories. The space includes 5 offices, a break room with a full kitchen, built-in admin desks in the main room, two bull pin areas, and a 1 bathroom layout. The shop area features windows overlooking the shop, central heat and air, and a commercial ceiling fan. Exterior finishes include aluminum siding and a metal roof, with concrete flooring throughout.
The building is designed for both light work and storage, including a smaller garage door and a 40' wide x 35' tall hanger door. The site offers 2 acres with a wrap-around driveway and parking for 40+ vehicles, and it overlooks Lake Lanier. Parking is provided in a parking lot configuration, with public water and cable available. Power is listed as 600 amp 277.
Before closing, the driveway pour, landscape plan, countertops at desks and kitchen countertops, exterior lighting installation, and general punch-out items are expected to be completed.
The building is designed for both light work and storage, including a smaller garage door and a 40' wide x 35' tall hanger door. The site offers 2 acres with a wrap-around driveway and parking for 40+ vehicles, and it overlooks Lake Lanier. Parking is provided in a parking lot configuration, with public water and cable available. Power is listed as 600 amp 277.
Before closing, the driveway pour, landscape plan, countertops at desks and kitchen countertops, exterior lighting installation, and general punch-out items are expected to be completed.
Key Highlights
- New 2024/2025 flex space under construction with 9,970 SF and two‑story portion
- 40' wide x 35' tall hanger door plus smaller garage door
- Includes 5 offices, break room with full kitchen, and 1 bathroom
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
$73,188
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
3.66%
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%
$1,463,760
$1.5M
Cap Rate 7%
$1,045,543
$1.0M
Cap Rate 9%
$813,200
$813.2K
Market Conditions
NOI Build-Up for 9,970 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
$94.5K $9.48/SF
− Vacancy
−$8.4K −$0.84/SF
EGI
$86.1K $8.64/SF
− OpEx
−$12.9K −$1.30/SF
NOI
$73.2K $7.34/SF
Area
Dawson 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%
$1,463,760
Cap Rate 7%
$1,045,543
Cap Rate 9%
$813,200
Alternative Uses
Best Use
Warehouse
$1.05M
$914.9K – $1.22M
NOI $73,188 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$867.7K
$759.2K – $1.01M
NOI $60,736 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,090 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30534, GA
30,903
Population
13,394
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
90%
High-School Grad
212.9 sq mi
ZIP Area
145
Density / Sq Mi
$88,953
Median Household Income
$45,619
Median Earnings
$1,426
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex space with office, kitchen, and a large hanger door, sitting on 2 acres overlooking Lake Lanier.
Where is this flex space located?
The property is located at 61 Toto Creek Park Road Dawsonville, GA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: New 2024/2025 flex space under construction with 9,970 SF and two‑story portion; 40' wide x 35' tall hanger door plus smaller garage door; Includes 5 offices, break room with full kitchen, and 1 bathroom
