Multi-Tenant Flex/Industrial
For Sale
Contact for pricing
101 Kenwood Road, Fayetteville, GA 30214
Portfolio includes flexible multi-tenant bay configurations with grade-level loading and ample parking.
Property Size163,432 SF
Price / SF$105.24
Days on Market56
Property Features for 101 Kenwood Road
General Information
Standard status
Active
Size
163,432 SF
Property subtype
Retail, Industrial
Zoning
C-H, GC
Occupancy
79%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$1,007,861
Building Details
Buildings
10
Units
58
Tenancy
Multi
Listing Agency:
Atlas Real Estate Advisors
Listed By:
Chris Blackmon · License #GA 218395
Source:
Crexi
Added: Jul 21
Changed: Sep 12
Last Checked: Sep 13 at 7:23AM
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 Atlas Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale portfolio comprises 101 Kenwood Road in Fayetteville and 6461 GA Highway 85 in Riverdale. The properties are described as flex/industrial facilities with flexible multi-tenant bay configurations, grade-level loading capabilities, and ample parking.
Both assets are positioned within the Atlanta metropolitan area, and the two locations are approximately five miles apart, allowing an owner to hold across adjacent South Metro Atlanta submarkets. The portfolio is also noted for its strategic proximity to the South Atlanta airport and logistics corridor.
Overall, the offering is structured around functional, adaptable space designed for broad tenant appeal through accessibility and warehouse-style flexibility.
Both assets are positioned within the Atlanta metropolitan area, and the two locations are approximately five miles apart, allowing an owner to hold across adjacent South Metro Atlanta submarkets. The portfolio is also noted for its strategic proximity to the South Atlanta airport and logistics corridor.
Overall, the offering is structured around functional, adaptable space designed for broad tenant appeal through accessibility and warehouse-style flexibility.
Key Highlights
- Portfolio includes 101 Kenwood Road in Fayetteville and 6461 GA Highway 85 in Riverdale.
- Two flex/industrial assets are located about five miles apart within the Atlanta metropolitan area.
- Flexible multi‑tenant bay configurations across the portfolio.
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
$1,199,728
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
6.98%
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%
$23,994,560
$24.0M
Cap Rate 7%
$17,138,971
$17.1M
Cap Rate 9%
$13,330,311
$13.3M
Market Conditions
NOI Build-Up for 163,432 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
$1.55M $9.48/SF
− Vacancy
−$137.9K −$0.84/SF
EGI
$1.41M $8.64/SF
− OpEx
−$211.7K −$1.30/SF
NOI
$1.20M $7.34/SF
Area
Fayette County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$23,994,560
Cap Rate 7%
$17,138,971
Cap Rate 9%
$13,330,311
Alternative Uses
Best Use
Warehouse
$17.14M
$15.00M – $20.00M
NOI $1,199,728 @ 7.0% cap · market cap 6.98%
Second Best
Industrial
$14.22M
$12.45M – $16.59M
NOI $995,603 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$45.69M
$39.97M – $53.30M
NOI $3,197,985 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30214, GA
32,135
Population
12,680
Households
2.5
Avg Household Size
45
Median Age
37%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
610
Density / Sq Mi
$87,138
Median Household Income
$48,400
Median Earnings
$1,599
Median Rent
$338,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Portfolio includes flexible multi-tenant bay configurations with grade-level loading and ample parking.
Where is this flex space located?
The property is located at 101 Kenwood Road Fayetteville, GA.
What is the asking price?
The asking price for this property is $17,200,000.
What are key features of this property?
This property features: Portfolio includes 101 Kenwood Road in Fayetteville and 6461 GA Highway 85 in Riverdale.; Two flex/industrial assets are located about five miles apart within the Atlanta metropolitan area.; Flexible multi‑tenant bay configurations across the portfolio.
