Multi-Unit Commercial
For Sale
$1,050,000
147 Burke St, Stockbridge, GA 30281
Multi-unit plaza includes office, storefront, and warehouse/garage bays with electric roll-up doors and a gated rear storage yard.
Property Size9,870 SF
Price / SF$106.38
Days on Market99
Property Features for 147 Burke St
General Information
Standard status
Active
Size
9,870 SF
Listing Agency:
Self Property Advisors
(678) 758-4716
Listed By:
Ashley A Mullinax · License #320997
(678) 758-4716
Source:
Exprealty
Added: May 19
Changed: Jul 10
Last Checked: Aug 23 at 2:44AM
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 Self Property Advisors
Investment Insights
Based on property information with market context.
This multi-unit commercial plaza provides a mix of flexible-use spaces, including office and storefront areas along with warehouse and garage-style bays. The building includes four electric roll-up doors, interior ceiling heights ranging from 8 to 12 feet, and multiple office configurations. Shared improvements are distributed throughout the property and include bathrooms, kitchenettes, and storage areas, with service elevator access. Exterior features include 17 windows and 17 doors, with 6-inch thick walls and extensive drainage infrastructure. A 25x75 gated rear storage yard supports contractor and storage needs.
The property also offers an expansive parking lot with 29 standard spaces and 3 ADA spaces. The location is in the City of Stockbridge on Burke Street.
Several units are expected to be delivered vacant at sale, supporting both immediate occupancy and income strategies. The sale also includes a 1990 Pettibone Mercury GA40 forklift.
The property also offers an expansive parking lot with 29 standard spaces and 3 ADA spaces. The location is in the City of Stockbridge on Burke Street.
Several units are expected to be delivered vacant at sale, supporting both immediate occupancy and income strategies. The sale also includes a 1990 Pettibone Mercury GA40 forklift.
Key Highlights
- Multi‑unit commercial plaza with approximately 9,870 total SF across office, storefront, and warehouse/garage‑style spaces
- Includes 4 electric roll‑up doors and ceiling heights ranging from 8 to 12 feet
- Parking lot features 29 standard spaces plus 3 ADA spaces for customer and tenant access
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
$72,454
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
6.90%
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%
$1,449,080
$1.4M
Cap Rate 7%
$1,035,057
$1.0M
Cap Rate 9%
$805,044
$805.0K
Market Conditions
NOI Build-Up for 9,870 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
$93.6K $9.48/SF
− Vacancy
−$8.3K −$0.84/SF
EGI
$85.2K $8.64/SF
− OpEx
−$12.8K −$1.30/SF
NOI
$72.5K $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%
$1,449,080
Cap Rate 7%
$1,035,057
Cap Rate 9%
$805,044
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,170 @ 7.0% cap · market cap 12.59%
Second Best
Warehouse
$1.04M
$905.7K – $1.21M
NOI $72,454 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,133 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Well-served
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit plaza includes office, storefront, and warehouse/garage bays with electric roll-up doors and a gated rear storage yard.
Where is this flex space located?
The property is located at 147 Burke St Stockbridge, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Multi‑unit commercial plaza with approximately 9,870 total SF across office, storefront, and warehouse/garage‑style spaces; Includes 4 electric roll‑up doors and ceiling heights ranging from 8 to 12 feet; Parking lot features 29 standard spaces plus 3 ADA spaces for customer and tenant access
