Building Details

Year Built 1988

Buildings 1

Listing Agency: Coldwell Banker Commercial Metro Brokers

Listed By: Greg Nobles · License #GA Show Phone

Source: Crexi

Added: Jul 3 Changed: Oct 6 Last Checked: Oct 19 at 3:19AM

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Investment Insights

Based on property information with market context.

This light industrial flex building includes approximately 1,000 sf of office space for admin use, along with open warehouse and shop space. The layout is supported by five drive-in doors for practical loading and access, and the property also features covered outdoor storage areas. The building is fenced, and the site is described as ready to lease, with an option for the owner to occupy.

The property is located near I-75 Exit 224, providing convenient access for business operations that rely on regional connectivity.

For tenants seeking a mix of office and flexible warehouse/shop space, the combination of admin offices, drive-in access, and covered storage is well suited to a variety of light industrial uses.

Key Highlights

• Light industrial flex building built in 1988
• Includes approximately 1,000 SF office space for admin
• Open warehouse/shop area for light industrial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,663

Cap Rate

8.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,233,260 $1.2M

Cap Rate 7%

$880,900 $880.9K

Cap Rate 9%

$685,144 $685.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$79.6K $9.48/SF

− Vacancy

−$7.1K −$0.84/SF

EGI

$72.5K $8.64/SF

− OpEx

−$10.9K −$1.30/SF

NOI

$61.7K $7.34/SF

Area

Henry County, 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 Rate 5%

$1,233,260

Cap Rate 7%

$880,900

Cap Rate 9%

$685,144

Alternative Uses

Best Use

Warehouse

$880.9K

$770.8K – $1.03M (±1% cap)

NOI $61,663 @ 7.0% cap · market cap 8.22%

Second Best

Industrial

$731.0K

$639.7K – $852.9K (±1% cap)

NOI $51,172 @ 7.0% cap · market cap 6.82%

Theoretical Best

Office A

$2.35M

$2.05M – $2.74M (±1% cap)

NOI $164,369 @ 7.0% cap · market cap 21.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Atlanta Commercial Glazing General Contractor

Suggested Use

Top Pick Real Estate Agency Storage Facility HVAC Service Electrical Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

520

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 30281, GA

69,540

Population

29,546

Households

2.4

Avg Household Size

38

Median Age

25%

College-Educated

90%

High-School Grad

69.3 sq mi

ZIP Area

1,003

Density / Sq Mi

$70,587

Median Household Income

$43,672

Median Earnings

$1,427

Median Rent

$235,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex building with about 1,000 sf office space, five drive-in doors, and covered outdoor storage areas.

Where is this flex space located?

The property is located at 116 Rock Quarry Rd Stockbridge, GA.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Light industrial flex building built in 1988; Includes approximately 1,000 SF office space for admin; Open warehouse/shop area for light industrial use