Listing Agency: Southern Classic Realtors c***@thechancesellsteam.com Show Phone

Listed By: Chance Adamson · License #243367 Show Phone

Source: Exprealty

Added: Apr 1 Changed: Aug 20 Last Checked: Aug 25 at 8:37AM

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Investment Insights

Based on property information with market context.

This 3,750 square foot commercial building in Zebulon, Georgia, offers a combination of office, warehouse, and secure outdoor space. It is suited for contractors, service businesses, or owner-users needing flexibility and storage. The property is fully enclosed by a security chain-link fence, providing controlled access. Outbuildings and covered areas offer shelter for heavy equipment, vehicles, or materials. The building features a functional warehouse area with commercial roll-up doors, along with storage on both the main level and upstairs. Multiple private office spaces and reception areas allow for a professional business presence. Two restrooms and a remodeled kitchenette add convenience for staff and visitors. The interior has been updated and well-maintained, making this a move-in-ready solution for a wide range of commercial uses. This property is designed to support and grow your business.

Key Highlights

• Versatile 3,750 SF facility with office, warehouse, and secure outdoor space.
• Fully enclosed by a security chain‑link fence for controlled access and security.
• Functional warehouse area with commercial roll‑up doors and ample storage on two levels.

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

$22,844

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

3.81%

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%

$456,880 $456.9K

Cap Rate 7%

$326,343 $326.3K

Cap Rate 9%

$253,822 $253.8K

Market Conditions

NOI Build-Up for 3,750 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

$35.6K $9.48/SF

− Vacancy

−$2.9K −$0.78/SF

EGI

$32.6K $8.70/SF

− OpEx

−$9.8K −$2.61/SF

NOI

$22.8K $6.09/SF

Area

Pike County, GA

Vacancy

8.20%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

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%

$456,880

Cap Rate 7%

$326,343

Cap Rate 9%

$253,822

Alternative Uses

Best Use

Industrial

$326.3K

$285.6K – $380.7K (±1% cap)

NOI $22,844 @ 7.0% cap · market cap 3.81%

Second Best

Flex RnD

$312.3K

$273.3K – $364.3K (±1% cap)

NOI $21,860 @ 7.0% cap · market cap 3.64%

Theoretical Best

Office A

$1.05M

$917.2K – $1.22M (±1% cap)

NOI $73,379 @ 7.0% cap · market cap 12.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Pharmacy Kitchen & Bath Showroom Computer & Electronic Repair Electrical Service

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

Location Intelligence

Trade Area within ½ mile

264

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30295, GA

4,623

Population

1,921

Households

2.4

Avg Household Size

40

Median Age

21%

College-Educated

90%

High-School Grad

47.5 sq mi

ZIP Area

97

Density / Sq Mi

$76,528

Median Household Income

$49,129

Median Earnings

$968

Median Rent

$255,800

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 - 3,750 SF commercial building with office, warehouse, and secure space.

Where is this flex space located?

The property is located at 101 Industrial Dr Zebulon, GA.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Versatile 3,750 SF facility with office, warehouse, and secure outdoor space.; Fully enclosed by a security chain‑link fence for controlled access and security.; Functional warehouse area with commercial roll‑up doors and ample storage on two levels.