Multi-Office Flex Property For
For Sale
Contact for pricing
647 Main St, Thomson, GA
Flex property with office units and warehouse space for sale.
Property Size4,680 SF
Lot Size0.91 Acres
Price / SF$90.81
Days on Market648
Property Features for 647 Main St
General Information
Standard status
Active
Size
4,680 SF
Lot size
0.91 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sherman & Hemstreet - Augusta
(706) 699-5284
Listed By:
Zack Hartman · License #GA 380862
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:38AM
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 Sherman & Hemstreet - Augusta
Investment Insights
Based on property information with market context.
This multi-office flex property features two main office units at the front, each with separate entrances. The property includes a 2,350-square-foot warehouse space at the rear, complemented by a fenced laydown yard. The warehouse is equipped with 3-phase power and has a 10-foot clearing height. A 10x10 dock door provides access, and there is an additional 1,100 square feet of covered outdoor space behind the building. The property benefits from two pylon signs at the front. A fully leased double billboard is also located on the property. The location benefits from a traffic count of 16,500.
Key Highlights
- 2350 sq ft warehouse space with fenced laydown yard
- Two separate office units with separate entrances
- 3‑Phase Power
Financial Insights For Warehouse
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 | $46.1k | $9.84 |
| − Vacancy | −$4.0k | −$0.85 |
| EGI | $42.1k | $8.99 |
| − OpEx | −$6.3k | −$1.35 |
| NOI | $35.8k | $7.64 |
4,680 SF · lease $9.84/SF/yr · vacancy 8.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$569.5K
$498.3K – $664.4K
NOI $39,862 @ 7.0% cap · market cap 9.38%
Second Best
Warehouse
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,404 @ 7.0% cap · market cap 24.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Poppa's Finest Bar-B-Que — 1073 Washington Rd, Thomson, GA 30824
Frequently Asked Questions
What type of property is this?
Flex space - Flex property with office units and warehouse space for sale.
Where is this flex space located?
The property is located at 647 Main St Thomson, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2350 sq ft warehouse space with fenced laydown yard; Two separate office units with separate entrances; 3‑Phase Power
