Light Industrial Flex
For Sale
$749,900
116 Rock Quarry Rd, Stockbridge, GA 30281
Flex building with about 1,000 sf office space, five drive-in doors, and covered outdoor storage areas.
Property Size8,400 SF
Price / SF$89.27
Days on Market50
Property Features for 116 Rock Quarry Rd
General Information
Standard status
Active
Size
8,400 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$5,405
Listing Agency:
CBC Metro Brokers
(404) 791-6709
Listed By:
Greg Nobles · License #133135
(404) 791-6709
Source:
Exprealty
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 24 at 10:33AM
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 CBC Metro Brokers
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.
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 = 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
$61,663
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
8.22%
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%
$1,233,260
$1.2M
Cap Rate 7%
$880,900
$880.9K
Cap Rate 9%
$685,144
$685.1K
Market Conditions
NOI Build-Up for 8,400 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
$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 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%
$1,233,260
Cap Rate 7%
$880,900
Cap Rate 9%
$685,144
Alternative Uses
Best Use
Warehouse
$880.9K
$770.8K – $1.03M
NOI $61,663 @ 7.0% cap · market cap 8.22%
Second Best
Industrial
$731.0K
$639.7K – $852.9K
NOI $51,172 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,369 @ 7.0% cap · market cap 21.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sweet Confections By Jen — #123, Stockbridge, GA 30281
- Cheesecake Delite — Stockbridge, GA 30281
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
