Building Details

Year built 1920

Listing Agency: Fayetteville Office · Berkshire Hathaway HomeServices c***@bhhsgeorgia.com Show Phone

Listed By: Malinda Shelley · License #232585 Show Phone

Added: Oct 5 Last Checked: Oct 7 at 12:06AM

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MLS# 10867139

Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 5,346-square-foot flex property includes a warehouse with approximately 16-foot ceilings and original 1920 structural steel trolley beams. Three oversized roll-up doors serve the space; two measure approximately 12'2" high by 10'5" wide, and the third is approximately 13'4" high by 10'5" wide. Electrical service includes 220V and 110V, two panels, and a 30-amp outlet. Warehouse features include a wet sink, two dishwashers, a half bath, and an upper-level booth. Finished office and loft space totals approximately 1,134 square feet, with a kitchen, living room, media room, bedroom, and bath.

At 101-B W Main Street in downtown Hogansville, the property is approximately two miles from Interstate 85 and less than 45 minutes from Downtown Atlanta. The 0.12-acre parcel is in the historic district and sits along Main Street.

Key Highlights

• 5,346‑square‑foot flex property on a 0.12‑acre parcel
• Approximately 1,134 square feet of finished office and loft space
• Warehouse ceilings are approximately 16 feet; original 1920 structural steel trolley beams

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

208

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 - A downtown commercial property pairs warehouse capacity with a finished office and residential-style amenities.

Where is this flex space located?

The property is located at 101-B W Main Street 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 on a 0.12‑acre parcel; Approximately 1,134 square feet of finished office and loft space; Warehouse ceilings are approximately 16 feet; original 1920 structural steel trolley beams