Laboratory Office Flex
112 Old Mill Rd Cartersville, GA 30120
112 Old Mill Rd, Cartersville, GA, 30120
$2,300,000
For Sale
$2,300,000
Fully equipped lab, office, and light industrial facility with multiple private entries, rear exits, and loading access.
Property Size12,000 SF
Price / SF$191.67
Days on Market146
Property Features for 112 Old Mill Rd
General Information
- Standard status
- Active
- Size
- 12,000 SF
Listing agency
Next Move Real Estate
26
Listed by
Daria Bria
(615) 613-5418
Source
Exprealty
Added: Feb 25 Updated: Jul 21 at 2:54AM Checked: Jul 21 at 2:54AM
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 Next Move Real Estate
Investment Insights
Based on property information with market context.
This fully equipped laboratory/office/light industrial flex facility includes 12,000 sf, with an attached 2,000 sf addition featuring a private entrance. The space is organized with 7 functional lab rooms equipped with ovens, hoods, and cabinetry, along with optional lab equipment. Office accommodations include 6 furnished private offices, 2 conference rooms, a common area/kitchen, lavatories, and a secured lobby with key-fob entry and an integrated security camera system.
The facility has front and rear parking lots with 15+ vehicle capacity and additional room for expansion. It also includes an additional mechanical room with an air compressor serving lab and warehouse zones, plus a loading dock with a ramp and three roll-up doors into secure work spaces. The lab/warehouse environment is supported by five large HVAC units, including three split systems and a large air handler.
Power is listed as 600 AMP, 3-phase, 480V. The property backs to a horse farm, and the listing notes potential usage for research, industrial, or adaptive reuse, with possible conversion to other appropriate uses as described in the offering materials.
The facility has front and rear parking lots with 15+ vehicle capacity and additional room for expansion. It also includes an additional mechanical room with an air compressor serving lab and warehouse zones, plus a loading dock with a ramp and three roll-up doors into secure work spaces. The lab/warehouse environment is supported by five large HVAC units, including three split systems and a large air handler.
Power is listed as 600 AMP, 3-phase, 480V. The property backs to a horse farm, and the listing notes potential usage for research, industrial, or adaptive reuse, with possible conversion to other appropriate uses as described in the offering materials.
Key Highlights
- 12,000 SF laboratory/office/light industrial facility includes a 2,000 SF attached addition
- 7 functional lab rooms with ovens, hoods, cabinetry, and optional lab equipment
- Multiple secure access features: secured lobby with key‑fob entry and integrated security camera system
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.4k | $23.87 |
| − Vacancy | −$72.2k | −$6.02 |
| EGI | $214.3k | $17.85 |
| − OpEx | −$53.6k | −$4.46 |
| NOI | $160.7k | $13.39 |
12,000 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,693 @ 7.0% cap · market cap 6.99%
Second Best
Industrial
$1.04M
$913.8K – $1.22M
NOI $73,102 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,872 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully equipped lab, office, and light industrial facility with multiple private entries, rear exits, and loading access.
Where is this flex space located?
The property is located at 112 Old Mill Rd Cartersville, GA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 12,000 SF laboratory/office/light industrial facility includes a 2,000 SF attached addition; 7 functional lab rooms with ovens, hoods, cabinetry, and optional lab equipment; Multiple secure access features: secured lobby with key‑fob entry and integrated security camera system
