Flex Warehouse with Roll-Up
For Sale
$630,000
Pending
621 Loganville Highway, Winder, GA 30680
COMMERCIAL - Winder, GA
Property Size5,800 SF
Lot Size2.20 Acres
Days on Market302
Property Features for 621 Loganville Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
US-29/University Pkwy to exit 21 for GA-81/Loganville Hwy. Property is 1.2 miles
Standard status
Pending
APN
XX070 008
Lot size
2.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4565
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Michael Carr and Associates
(678) 444-4110
Listed By:
Jennifer Fast · License #256629
(678) 822-2264
Added: Oct 16, 2025
Changed: Aug 4
Last Checked: Aug 13 at 1:06AM
MLS# 10635540
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 warehouse property sits on 2.2 acres and includes a 5,800-square-foot building with finished and conditioned spaces. The interior is supported by two restrooms and includes warehouse and storage areas, with two roll-up doors for operational access. Racking and equipment are negotiable.
The property is located at 621 Loganville Highway in Winder, Georgia. It offers convenient proximity to major routes, with less than 1.5 miles to 29/316 and less than 3 miles to downtown Winder.
Zoned C-3, the site is positioned for a range of business uses consistent with the zoning designation.
The property is located at 621 Loganville Highway in Winder, Georgia. It offers convenient proximity to major routes, with less than 1.5 miles to 29/316 and less than 3 miles to downtown Winder.
Zoned C-3, the site is positioned for a range of business uses consistent with the zoning designation.
Key Highlights
- Zoned C‑3 for Business Opportunity
- 5,800 sq ft Building with Finished/Conditioned Spaces
- 2.2 Acre Property
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
$42,577
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
6.76%
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%
$851,540
$851.5K
Cap Rate 7%
$608,243
$608.2K
Cap Rate 9%
$473,078
$473.1K
Market Conditions
NOI Build-Up for 5,800 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
$55.0K $9.48/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$50.1K $8.64/SF
− OpEx
−$7.5K −$1.30/SF
NOI
$42.6K $7.34/SF
Area
Barrow 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%
$851,540
Cap Rate 7%
$608,243
Cap Rate 9%
$473,078
Alternative Uses
Best Use
Warehouse
$608.2K
$532.2K – $709.6K
NOI $42,577 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$504.8K
$441.7K – $588.9K
NOI $35,333 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,493 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30680, GA
46,629
Population
17,680
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
87%
High-School Grad
94.9 sq mi
ZIP Area
491
Density / Sq Mi
$77,038
Median Household Income
$41,669
Median Earnings
$1,169
Median Rent
$244,700
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 - Zoned C-3 flex warehouse on 2.2 acres with finished conditioned areas, storage, and two roll-up doors.
Where is this flex space located?
The property is located at 621 Loganville Highway Winder, GA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Zoned C‑3 for Business Opportunity; 5,800 sq ft Building with Finished/Conditioned Spaces; 2.2 Acre Property
