Flex Space with Secure
For Sale
$1,100,000
1000 Winterville Road, Athens, GA 30605
Commercial Sale, Athens, GA
Property Size5,359 SF
Lot Size1.81 Acres
Price / SF$205.26
Days on Market101
Property Features for 1000 Winterville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Secured, Parking Lot
Security features
Security
Fencing
Fenced, Chain Link
Lot features
Industrial Park, Level
Directions
Follow E Hancock Ave and N Thomas St to Oconee St 3 min (0.4 mi) Follow Oconee St, Oak St and Lexington Rd to Winterville Rd 5 min (1.6 mi) Follow Winterville Rd to your destination 2 min (0.8 mi)
Standard status
Active
APN
231 010D
Size
5,359 SF
Lot size
1.81 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3578
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
three-phase power
Building Details
Year built
1975
Flooring type
Vinyl, Concrete
Building materials
Aluminum Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Greater Athens · Keller Williams Realty
(706) 316-2900
Listed By:
Brittany Purcell & Associates
(706) 389-0771
Added: May 20
Changed: Aug 19
Last Checked: Aug 28 at 11:06PM
MLS# 10773247
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 1.81-acre industrial property includes 5,359 SF of enclosed improvements, comprising a 4,259 SF office/warehouse building and a separate 1,100 SF office building. Eight 20' x 8' storage containers and one 40' x 8' container add approximately 1,600 SF of functional storage, with the larger unit configured for office and storage use. Renovated office areas, concrete and vinyl flooring, central heating and cooling, metal roofing, and three-phase power support a range of commercial operations.
The site has a secured, fenced parking and yard area suitable for trucks, trailers, vans, fleet vehicles, equipment, and material storage. It is located along Winterville Road with access to Athens, Loop 10, Highway 78, and surrounding commercial corridors. I industrial zoning, public water service, and septic sewer service are in place. Multiple active tenants provide an existing income stream, while the absence of long-term leases allows flexibility in future occupancy and leasing decisions.
The site has a secured, fenced parking and yard area suitable for trucks, trailers, vans, fleet vehicles, equipment, and material storage. It is located along Winterville Road with access to Athens, Loop 10, Highway 78, and surrounding commercial corridors. I industrial zoning, public water service, and septic sewer service are in place. Multiple active tenants provide an existing income stream, while the absence of long-term leases allows flexibility in future occupancy and leasing decisions.
Key Highlights
- 1.81‑acre industrial property with 5,359 SF of enclosed building space
- 4,259 SF office/warehouse building plus a separate 1,100 SF office building
- Eight 20' x 8' containers and one 40' x 8' container add approximately 1,600 SF
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
$69,366
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
6.31%
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%
$1,387,320
$1.4M
Cap Rate 7%
$990,943
$990.9K
Cap Rate 9%
$770,733
$770.7K
Market Conditions
NOI Build-Up for 5,359 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
$115.8K $21.60/SF
− Vacancy
−$23.3K −$4.34/SF
EGI
$92.5K $17.26/SF
− OpEx
−$23.1K −$4.31/SF
NOI
$69.4K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,387,320
Cap Rate 7%
$990,943
Cap Rate 9%
$770,733
Alternative Uses
Best Use
Office B
$990.9K
$867.1K – $1.16M
NOI $69,366 @ 7.0% cap · market cap 6.31%
Second Best
Warehouse
$562.0K
$491.8K – $655.7K
NOI $39,340 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,432 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30605, GA
43,205
Population
18,387
Households
2.3
Avg Household Size
28
Median Age
53%
College-Educated
91%
High-School Grad
38.2 sq mi
ZIP Area
1,131
Density / Sq Mi
$48,188
Median Household Income
$24,933
Median Earnings
$1,104
Median Rent
$279,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-zoned property combines renovated office areas, warehouse space, container storage, and a fenced yard for industrial operations.
Where is this flex space located?
The property is located at 1000 Winterville Road Athens, 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: 1.81‑acre industrial property with 5,359 SF of enclosed building space; 4,259 SF office/warehouse building plus a separate 1,100 SF office building; Eight 20' x 8' containers and one 40' x 8' container add approximately 1,600 SF
