Mixed-Use Flex Industrial
For Sale
Contact for pricing
1 RANDOLPH CT, Evans, GA 30809
Fully occupied flex industrial asset combining office and warehouse space in Evans, Georgia.
Property Size10,400 SF
Price / SF$198.56
Days on Market95
Property Features for 1 RANDOLPH CT
General Information
Standard status
Active
Size
10,400 SF
Property subtype
Office, Industrial, Mixed Use
Zoning
M1: Light Industrial
Occupancy
100%
Net Operating Income
$136,948
Building Details
Year Built
2001
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Meybohm Commercial
Listed By:
Jordan Collier · License #GA 354980
(706) 863-8182
Source:
Crexi
Added: Jun 3
Changed: Aug 13
Last Checked: Aug 31 at 2:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial
Investment Insights
Based on property information with market context.
1 Randolph Court is a flex industrial property totaling 10,400 square feet and currently fully occupied by two established corporate tenants. The building combines office space with industrial warehouse functionality, supporting operations that need both administrative space and practical industrial workflow.
The property is located at 1 Randolph Court in Evans, Georgia, within the Columbia County flex industrial submarket described in the offering remarks. The surrounding demand drivers referenced include corporate and institutional occupiers tied to the federal defense and infrastructure corridor anchored by Fort Eisenhower.
For buyers seeking an income-producing, operationally proven setup, this offering provides current occupancy with WSP and MasTec as tenants. WSP is a publicly traded global engineering and professional services firm, and MasTec is a Fortune 500 infrastructure contractor. Their presence reflects a tenant profile aligned with engineering, infrastructure, and related service needs that typically benefit from a flexible office-and-warehouse configuration.
The property is located at 1 Randolph Court in Evans, Georgia, within the Columbia County flex industrial submarket described in the offering remarks. The surrounding demand drivers referenced include corporate and institutional occupiers tied to the federal defense and infrastructure corridor anchored by Fort Eisenhower.
For buyers seeking an income-producing, operationally proven setup, this offering provides current occupancy with WSP and MasTec as tenants. WSP is a publicly traded global engineering and professional services firm, and MasTec is a Fortune 500 infrastructure contractor. Their presence reflects a tenant profile aligned with engineering, infrastructure, and related service needs that typically benefit from a flexible office-and-warehouse configuration.
Key Highlights
- 10,400 SF flex industrial asset on 1 Randolph Court in Evans, GA
- Fully occupied by two established corporate tenants: WSP and MasTec
- Year built: 2001
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
$88,583
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
4.29%
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%
$1,771,660
$1.8M
Cap Rate 7%
$1,265,471
$1.3M
Cap Rate 9%
$984,256
$984.3K
Market Conditions
NOI Build-Up for 10,400 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
$149.8K $14.40/SF
− Vacancy
−$13.5K −$1.30/SF
EGI
$136.3K $13.10/SF
− OpEx
−$47.7K −$4.59/SF
NOI
$88.6K $8.52/SF
Area
Columbia County, GA
Vacancy
9.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,771,660
Cap Rate 7%
$1,265,471
Cap Rate 9%
$984,256
Alternative Uses
Best Use
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $88,583 @ 7.0% cap · market cap 4.29%
Second Best
Warehouse
$1.14M
$993.8K – $1.33M
NOI $79,505 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,786 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30809, GA
51,813
Population
18,920
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
44.2 sq mi
ZIP Area
1,172
Density / Sq Mi
$130,150
Median Household Income
$56,391
Median Earnings
$1,659
Median Rent
$346,600
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.
Similar Off Market Nearby
- Sweet Mama Mae’s — 704 Lakeside Landing Ct, Evans, GA 30809
- TINO'S Tasties — evans to locks rd, evans, ga 30809
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied flex industrial asset combining office and warehouse space in Evans, Georgia.
Where is this flex space located?
The property is located at 1 RANDOLPH CT Evans, GA.
What is the asking price?
The asking price for this property is $2,065,000.
What are key features of this property?
This property features: 10,400 SF flex industrial asset on 1 Randolph Court in Evans, GA; Fully occupied by two established corporate tenants: WSP and MasTec; Year built: 2001
