Flex Property with Dual
For Sale
Contact for pricing
1112 NEWTON BRIDGE RD, Athens, GA 30607
Two-building commercial property combines warehouse areas with climate-controlled offices and service infrastructure.
Property Size13,500 SF
Price / SF$105.56
Days on Market125
Property Features for 1112 NEWTON BRIDGE RD
General Information
Standard status
Active
Size
13,500 SF
Class
B
Property subtype
Industrial, Mixed Use, Special Purpose
Zoning
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Three-Phase Power
Yes
Building Details
Year Built
1997
Year Renovated
2005
Buildings
2
Units
1
Listing Agency:
Stirling Real Estate Advisors
Listed By:
Andrew Wallace · License #GA 407155
Source:
Crexi
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 5:33PM
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 Stirling Real Estate Advisors
Investment Insights
Based on property information with market context.
Located at 1112 Newton Bridge Road in Athens, this 13,500 SF flex property comprises two separate buildings built in 1997. The 7,500 SF primary building includes 3-phase power, climate-controlled office areas, 4 restrooms, four roll-up doors, ventilation exhaust systems, and a customer-facing entrance. The 6,000 SF second building provides open-span warehouse space with four mechanical roll-up doors, skylights, LED lighting, and provisions for up to four restrooms.
The site spans over 2 acres and includes a fenced rear storage yard, an extended dumpster pad, and frontage along Newton Bridge Road. It sits across from a new 200+ home residential development and offers access to Loop 10 and Highway 441, as well as Downtown Athens, the University of Georgia campus, Piedmont Athens Regional Medical Center, Terrapin Beer Company, Normaltown, and the Prince Avenue corridor.
The site spans over 2 acres and includes a fenced rear storage yard, an extended dumpster pad, and frontage along Newton Bridge Road. It sits across from a new 200+ home residential development and offers access to Loop 10 and Highway 441, as well as Downtown Athens, the University of Georgia campus, Piedmont Athens Regional Medical Center, Terrapin Beer Company, Normaltown, and the Prince Avenue corridor.
Key Highlights
- 13,500 SF flex property with two separate buildings
- 7,500 SF building with 3‑phase power, climate‑controlled offices, 4 restrooms, and four roll‑up doors
- 6,000 SF open‑span warehouse with four mechanical roll‑up doors, skylights, and LED lighting
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
$99,101
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
6.95%
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%
$1,982,020
$2.0M
Cap Rate 7%
$1,415,729
$1.4M
Cap Rate 9%
$1,101,122
$1.1M
Market Conditions
NOI Build-Up for 13,500 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
$128.0K $9.48/SF
− Vacancy
−$11.4K −$0.84/SF
EGI
$116.6K $8.64/SF
− OpEx
−$17.5K −$1.30/SF
NOI
$99.1K $7.34/SF
Area
Athens, 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%
$1,982,020
Cap Rate 7%
$1,415,729
Cap Rate 9%
$1,101,122
Alternative Uses
Best Use
Office B
$2.50M
$2.18M – $2.91M
NOI $174,741 @ 7.0% cap · market cap 12.26%
Second Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,101 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,811 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30607, GA
11,383
Population
4,504
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
37.2 sq mi
ZIP Area
306
Density / Sq Mi
$63,727
Median Household Income
$35,972
Median Earnings
$1,012
Median Rent
$235,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines warehouse areas with climate-controlled offices and service infrastructure.
Where is this flex space located?
The property is located at 1112 NEWTON BRIDGE RD Athens, GA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 13,500 SF flex property with two separate buildings; 7,500 SF building with 3‑phase power, climate‑controlled offices, 4 restrooms, and four roll‑up doors; 6,000 SF open‑span warehouse with four mechanical roll‑up doors, skylights, and LED lighting
