Building Details

Year Built 1920

Building Size 5,346 SF

Listing Agency: BHHS Georgia Properties

Listed By: Malinda J Shelley · License #232585 Show Phone

Source: Florida-georgia-realty

Added: Oct 3 Changed: Oct 9 Last Checked: Oct 9 at 7:42PM

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Investment Insights

Based on property information with market context.

Built in 1920, this 5,346-square-foot flex property combines warehouse space with approximately 1,134 square feet of finished office and loft area. The warehouse has approximately 16-foot ceilings, three roll-up doors, a commercial wet sink, two dishwashers, and a half bath. Original structural steel trolley beams remain in place. Electrical service includes 220V and 110V, two panels, and a dedicated 30-amp outlet.

The office and loft area includes a living room, full kitchen with stainless steel appliances and granite countertops, media room with a 120-inch screen, and a private bedroom and bath. A washer and dryer are included. The property fronts Main Street in downtown Hogansville, approximately two miles from Interstate 85.

Key Highlights

• 5,346‑square‑foot flex property with warehouse and finished office/loft space
• Approximately 1,134 square feet of finished office/loft area
• Three oversized roll‑up doors: two approximately 12'2" high by 10'5" wide, and one approximately 13'4" high by 10'5" wide

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,959

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$579,180 $579.2K

Cap Rate 7%

$413,700 $413.7K

Cap Rate 9%

$321,767 $321.8K

Market Conditions

NOI Build-Up for 5,346 SF

Gross rent

$36.7K $6.86/SF

− Vacancy

−$2.6K −$0.49/SF

EGI

$34.1K $6.37/SF

− OpEx

−$5.1K −$0.96/SF

NOI

$29.0K $5.42/SF

Area

Troup County, GA

Vacancy

7.10%

Lease Rate

$6.86 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$579,180

Cap Rate 7%

$413,700

Cap Rate 9%

$321,767

Alternative Uses

Best Use

Warehouse

$413.7K

$362.0K – $482.7K (±1% cap)

NOI $28,959 @ 7.0% cap · market cap 6.10%

Second Best

Industrial

$340.7K

$298.1K – $397.5K (±1% cap)

NOI $23,849 @ 7.0% cap · market cap 5.02%

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,732 @ 7.0% cap · market cap 17.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

The Warehouse Storage Facility

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Repair Shop Law Firm Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 30230, GA

9,145

Population

3,971

Households

2.3

Avg Household Size

40

Median Age

18%

College-Educated

85%

High-School Grad

139.7 sq mi

ZIP Area

65

Density / Sq Mi

$57,835

Median Household Income

$31,525

Median Earnings

$1,127

Median Rent

$170,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Finished office and loft accommodations accompany a warehouse equipped with three oversized roll-up doors.

Where is this flex space located?

The property is located at 101-B W Main St Hogansville, GA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 5,346‑square‑foot flex property with warehouse and finished office/loft space; Approximately 1,134 square feet of finished office/loft area; Three oversized roll‑up doors: two approximately 12'2" high by 10'5" wide, and one approximately 13'4" high by 10'5" wide