Brick Flex Space With
For Sale
$1,800,000
103 Westridge Drive, Warner Robins, GA 31088
Commercial Sale, Warner Robins, GA
Property Size9,450 SF
Lot Size2.15 Acres
Price / SF$190.48
Days on Market395
Property Features for 103 Westridge Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot, Level
Directions
From I-75S turn left onto Watson Blvd. Turn right onto Houston Lake Road. Turn left onto Westridge Drive
Standard status
Active
APN
0W0780 016000
Size
9,450 SF
Lot size
2.15 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
13453
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
3-bay garage
Building Details
Year built
1989
Building materials
Brick
Listing Agency:
Floyd & Company
(229) 309-4714
Listed By:
Makenna Jarriel
(478) 718-5057
Added: Jul 23, 2025
Changed: Aug 19
Last Checked: Aug 21 at 6:06AM
MLS# 10757253
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 9,450-square-foot flex property is arranged for varied commercial operations, with multiple private office suites, open areas, and a three-bay garage. The interior can accommodate office-based layouts, collaborative work areas, or storage and service functions. Brick construction, central heating and cooling, and public water and sewer support the existing improvements.
The property occupies 2.15 acres and includes a dedicated parking lot. Built in 1989, the building offers a substantial existing footprint with room for operational reconfiguration. Natural gas heat, central air, cable availability, and public utilities are also in place.
The property occupies 2.15 acres and includes a dedicated parking lot. Built in 1989, the building offers a substantial existing footprint with room for operational reconfiguration. Natural gas heat, central air, cable availability, and public utilities are also in place.
Key Highlights
- 9,450 square feet of building area on 2.15 acres
- Multiple private office suites with adaptable interior areas
- Three‑bay garage for storage, service vehicles, or workshop use
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
$99,032
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
5.50%
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%
$1,980,640
$2.0M
Cap Rate 7%
$1,414,743
$1.4M
Cap Rate 9%
$1,100,356
$1.1M
Market Conditions
NOI Build-Up for 9,450 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
$161.0K $17.04/SF
− Vacancy
−$29.0K −$3.07/SF
EGI
$132.0K $13.97/SF
− OpEx
−$33.0K −$3.49/SF
NOI
$99.0K $10.48/SF
Area
Houston County, GA
Vacancy
18.00%
Lease Rate
$17.04 /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%
$1,980,640
Cap Rate 7%
$1,414,743
Cap Rate 9%
$1,100,356
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $99,032 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$1.05M
$915.5K – $1.22M
NOI $73,238 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,775 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space combines private offices, open work areas, and a three-bay garage.
Where is this flex space located?
The property is located at 103 Westridge Drive Warner Robins, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 9,450 square feet of building area on 2.15 acres; Multiple private office suites with adaptable interior areas; Three‑bay garage for storage, service vehicles, or workshop use
