Flex/Industrial Building with Roll-Up
For Sale
$895,000
Pending
1201 Hogansville Road, Lagrange, GA 30241
COMMERCIAL - Lagrange, GA
Property Size7,500 SF
Lot Size2.01 Acres
Days on Market225
Property Features for 1201 Hogansville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Level
Directions
The corner of N Cary and Hogansville Road
Standard status
Pending
APN
0501C001004
Size
7,500 SF
Lot size
2.01 Acres
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
4609
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Oil
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Metal
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Angela L Cotton-Jones · License #248069
(706) 957-1699
Added: Dec 30, 2025
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# 10662517
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex/industrial building at 1201 Hogansville Road is a block-constructed property built in 2004 with metal roofing. The building offers 7,500 square feet of commercial space, including an office area, a dedicated break room, and two bathrooms. Interior finishes include laminate and tile flooring. Heating is oil with central heating, and cooling is provided by central air.
The property includes 10 roll-up bay doors and sits on an approximately 2.01-acre lot with parking lot parking. Utilities include public water and public sewer, with cable available, supporting service-oriented operations.
The configuration is well-suited for service-based uses such as automotive and light industrial needs, with functional bay access, administration space, and on-site parking.
The property includes 10 roll-up bay doors and sits on an approximately 2.01-acre lot with parking lot parking. Utilities include public water and public sewer, with cable available, supporting service-oriented operations.
The configuration is well-suited for service-based uses such as automotive and light industrial needs, with functional bay access, administration space, and on-site parking.
Key Highlights
- 7,500 square feet commercial building
- 10 roll‑up bay doors
- Office area, dedicated break room, and two bathrooms
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
$40,627
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
4.54%
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%
$812,540
$812.5K
Cap Rate 7%
$580,386
$580.4K
Cap Rate 9%
$451,411
$451.4K
Market Conditions
NOI Build-Up for 7,500 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
$51.5K $6.86/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$47.8K $6.37/SF
− OpEx
−$7.2K −$0.96/SF
NOI
$40.6K $5.42/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /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%
$812,540
Cap Rate 7%
$580,386
Cap Rate 9%
$451,411
Alternative Uses
Best Use
Warehouse
$580.4K
$507.8K – $677.1K
NOI $40,627 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$478.0K
$418.2K – $557.6K
NOI $33,458 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,469 @ 7.0% cap · market cap 13.13%
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
451
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Supper at Home Y'all — 816 Hill St, LaGrange, GA 30241
- Kendrick's Custom Catering — 105 Baileys Way, LaGrange, GA 30241
- Boss Chef Catering — 1279 Hogansville Rd, LaGrange, GA 30241
Frequently Asked Questions
What type of property is this?
Flex space - Block construction flex/industrial building with 10 roll-up doors, office space, and two bathrooms on a roughly 2-acre lot.
Where is this flex space located?
The property is located at 1201 Hogansville Road Lagrange, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,500 square feet commercial building; 10 roll‑up bay doors; Office area, dedicated break room, and two bathrooms
