Two-Level Flex
For Sale
$1,400,000
1154 Concord Road SE, Smyrna, GA 30080
Corner property offers dual-road access, signalized intersection exposure, and separate upper and lower configurations.
Property Size4,302 SF
Lot Size0.33 Acres
Price / SF$325.58
Days on Market548
Property Features for 1154 Concord Road SE
General Information
Standard status
Active
Size
4,302 SF
Total Parking Spaces
12
Lot size
0.33 Acres
Property subtype
General Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,902
Amenities
Central Air
3
Parking. Corner Lot.
Paved Driveway, Lot.
14374.7998046875
In City, Corner, State Road.
Building Details
Year Built
1982
Buildings
1
Stories
2
Building Size
4,302 SF
Listing Agency:
West Cobb
(770) 624-4562
Listed By:
Atlanta Communities
(770) 624-4562
Source:
Xome
Added: Feb 28, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:25PM
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 West Cobb
Investment Insights
Based on property information with market context.
This two-level flex property at 1154 Concord Road SE includes distinct upper and lower areas with separate functional layouts. The upper level is configured with an open work area, multiple private rooms, reception, a waiting area, and a restroom. The lower level provides a large showroom, shop or work area, utility room, restroom, private rear entry, and parking. Central air is present, and the building dates to 1982.
The 0.33-acre corner site is positioned at the signalized intersection of Concord Road and King Springs Road in Smyrna. Access is available from both roads, with 12 front parking spaces and an additional rear parking area. Current occupancy includes office and showroom-oriented uses, while the two-level configuration supports separate occupancy arrangements, including owner use or leaseback structures.
The 0.33-acre corner site is positioned at the signalized intersection of Concord Road and King Springs Road in Smyrna. Access is available from both roads, with 12 front parking spaces and an additional rear parking area. Current occupancy includes office and showroom-oriented uses, while the two-level configuration supports separate occupancy arrangements, including owner use or leaseback structures.
Key Highlights
- 0.33‑acre corner property at a signalized intersection on Concord Road
- Approximately 12,000 vehicles per day
- Access from both Concord Road and King Springs Road
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
$62,346
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
4.45%
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%
$1,246,920
$1.2M
Cap Rate 7%
$890,657
$890.7K
Cap Rate 9%
$692,733
$692.7K
Market Conditions
NOI Build-Up for 4,300 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
$116.1K $27.00/SF
− Vacancy
−$12.2K −$2.84/SF
EGI
$103.9K $24.17/SF
− OpEx
−$41.6K −$9.67/SF
NOI
$62.3K $14.50/SF
Area
Cobb County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,246,920
Cap Rate 7%
$890,657
Cap Rate 9%
$692,733
Alternative Uses
Best Use
Healthcare Medical
$890.7K
$779.3K – $1.04M
NOI $62,346 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$864.0K
$756.0K – $1.01M
NOI $60,481 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,521 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30080, GA
52,125
Population
27,081
Households
1.9
Avg Household Size
35
Median Age
58%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
4,137
Density / Sq Mi
$87,949
Median Household Income
$59,267
Median Earnings
$1,660
Median Rent
$409,700
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.
Similar Off Market Nearby
- Uncle Bud's Catering — 725 Concord Rd SE, Smyrna, GA 30082
- ShakeUp ATL — 3209 S Cobb Dr SE Ste G6, Smyrna, GA 30080
Frequently Asked Questions
What type of property is this?
Flex space - Corner property offers dual-road access, signalized intersection exposure, and separate upper and lower configurations.
Where is this flex space located?
The property is located at 1154 Concord Road SE Smyrna, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.33‑acre corner property at a signalized intersection on Concord Road; Approximately 12,000 vehicles per day; Access from both Concord Road and King Springs Road
