Flex Office Warehouse
For Sale
$399,900
1134 Main St, Forest Park, GA 30297
Versatile commercial building includes a lobby, 7 private offices, roll-up dock door, and updated AC and roof.
Property Size2,226 SF
Price / SF$179.65
Days on Market97
Property Features for 1134 Main St
General Information
Standard status
Active
Size
2,226 SF
Building Details
Year Built
1959
Listing Agency:
Joseph Property Advisors
Listed By:
Myra Killings
(404) 947-4848
Source:
Shortsaleatlanta
Added: Jul 18
Changed: Oct 2
Last Checked: Oct 7 at 3:07PM
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 Joseph Property Advisors
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Investment Insights
Based on property information with market context.
This versatile commercial building is laid out to support both office operations and light-industrial activity. The interior features a welcoming lobby plus 7 private offices and 7 cubicles, along with 2 common areas and a kitchenette. The space includes 2 restrooms plus an additional single restroom for convenient access. Operational features include a roll-up dock door, and the building is equipped with security cameras. Office-height finishes include 8 ft ceilings, and recent updates include a new AC unit installed in 2023 and a roof replacement in 2020.
The property is positioned along Main Street in Forest Park and is described as highly visible. The building is offered for sale with office furniture negotiable.
An office/warehouse-style configuration with multiple private and shared work areas, shared restroom facilities, and loading access through the roll-up dock door makes this suitable for a range of professional, administrative, or light-industrial uses.
The property is positioned along Main Street in Forest Park and is described as highly visible. The building is offered for sale with office furniture negotiable.
An office/warehouse-style configuration with multiple private and shared work areas, shared restroom facilities, and loading access through the roll-up dock door makes this suitable for a range of professional, administrative, or light-industrial uses.
Key Highlights
- Versatile commercial building on Main Street in Forest Park with a lobby, 7 private offices, and 7 cubicles
- Roll‑up dock door for operational access suitable for professional, administrative, or light‑industrial uses
- Recently updated: new AC unit installed in 2023 and roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,809
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,180
$596.2K
Cap Rate 7%
$425,843
$425.8K
Cap Rate 9%
$331,211
$331.2K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$53.1K $23.87/SF
− Vacancy
−$13.4K −$6.02/SF
EGI
$39.7K $17.85/SF
− OpEx
−$9.9K −$4.46/SF
NOI
$29.8K $13.39/SF
Area
Clayton County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,180
Cap Rate 7%
$425,843
Cap Rate 9%
$331,211
Alternative Uses
Best Use
Office B
$425.8K
$372.6K – $496.8K
NOI $29,809 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,558 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Phenomenal Food by Chef Holly — 1089 Forest Pkwy, Forest Park, GA 30297
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building includes a lobby, 7 private offices, roll-up dock door, and updated AC and roof.
Where is this flex space located?
The property is located at 1134 Main St Forest Park, GA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Versatile commercial building on Main Street in Forest Park with a lobby, 7 private offices, and 7 cubicles; Roll‑up dock door for operational access suitable for professional, administrative, or light‑industrial uses; Recently updated: new AC unit installed in 2023 and roof replaced in 2020
