Single-Story NNN Flex
For Sale
Contact for pricing
1035 GREEN ST SE, Conyers, GA 30012
Single-story NNN property on a 4.2-acre site with ample surface parking and four leased tenants.
Property Size14,927 SF
Lot Size4.20 Acres
Price / SF$197.63
Days on Market115
Property Features for 1035 GREEN ST SE
General Information
Standard status
Active
Size
14,927 SF
Class
C
Lot size
4.20 Acres
Property subtype
Office, Industrial, Mixed Use
Zoning
Commercial Mixed Use
Occupancy
100%
Lease Type
NNN
Net Operating Income
$230,753
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.9%
Building Details
Year Built
1985
Year Renovated
2005
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Keller Williams Rlty Atl. Part
Listed By:
Christian Swann · License #GA 345777
(770) 412-3126
Source:
Crexi
Added: May 15
Changed: Aug 28
Last Checked: Sep 5 at 8:40PM
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 Keller Williams Rlty Atl. Part
Investment Insights
Based on property information with market context.
This single-story NNN flex building is offered fully leased to four tenants, with the anchor tenant occupying approximately 82% of the building. The property is structured on NNN leases and includes contractual annual rent escalations of 2.5% across all leases.
The site includes ample surface parking and totals 4.2 acres. Located one block from the Rockdale County Courthouse and Olde Town Conyers, the property provides direct access to I-20, approximately one mile away, with Downtown Atlanta roughly 28 miles from the site.
For 2026, the pro forma indicates NOI of $248,823 with a stated 7.90% cap rate, making this a stabilized, low-management investment profile.
The site includes ample surface parking and totals 4.2 acres. Located one block from the Rockdale County Courthouse and Olde Town Conyers, the property provides direct access to I-20, approximately one mile away, with Downtown Atlanta roughly 28 miles from the site.
For 2026, the pro forma indicates NOI of $248,823 with a stated 7.90% cap rate, making this a stabilized, low-management investment profile.
Key Highlights
- 4.2‑acre site with ample surface parking
- 100% leased with 4 tenants
- Anchor tenant occupies 82% of the building on an NNN lease
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
$90,933
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
3.08%
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%
$1,818,660
$1.8M
Cap Rate 7%
$1,299,043
$1.3M
Cap Rate 9%
$1,010,367
$1.0M
Market Conditions
NOI Build-Up for 14,927 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
$141.5K $9.48/SF
− Vacancy
−$11.6K −$0.78/SF
EGI
$129.9K $8.70/SF
− OpEx
−$39.0K −$2.61/SF
NOI
$90.9K $6.09/SF
Area
Rockdale 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%
$1,818,660
Cap Rate 7%
$1,299,043
Cap Rate 9%
$1,010,367
Alternative Uses
Best Use
Industrial
$1.30M
$1.14M – $1.52M
NOI $90,933 @ 7.0% cap · market cap 3.08%
Second Best
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $87,013 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,405 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-story NNN property on a 4.2-acre site with ample surface parking and four leased tenants.
Where is this nnn property located?
The property is located at 1035 GREEN ST SE Conyers, GA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 4.2‑acre site with ample surface parking; 100% leased with 4 tenants; Anchor tenant occupies 82% of the building on an NNN lease
