Flex Warehouse with Office
For Sale
$1,999,999
61 Toto Creek Park Road, Dawsonville, GA 30534
New 2024/2025 flex warehouse with offices, break room, and a high hanger-style shop door.
Property Size9,970 SF
Lot Size2.00 Acres
Price / SF$200.60
Days on Market591
Property Features for 61 Toto Creek Park Road
General Information
Standard status
Active
Size
9,970 SF
Lot size
2.00 Acres
Property subtype
General Commercial
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$7,197
Amenities
Central Air
3
Concrete
Metal
Parking. Corner Lot.
40 Parking Spaces. Lot.
2.0
Corner, Gravel Road.
Building Details
Year Built
2024
Listing Agency:
Century 21 Results
(770) 889-6090
Listed By:
Brooke Watson · License #376467
(678) 939-7405
Source:
Xome
Added: Jan 22, 2025
Changed: Sep 2
Last Checked: Sep 5 at 4:50AM
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 Century 21 Results
Investment Insights
Based on property information with market context.
This newly constructed 2024/2025 flex warehouse includes a two-story portion with office space, a break room with a full kitchen, built-in admin desks, and a single bathroom. The shop area features windows overlooking the shop and is equipped with central heat and air plus a commercial ceiling fan. Additional shop access includes a smaller garage door and a 40' wide by 35' tall hanger door.
The property sits on 2 acres with a wrap-around driveway designed to accommodate 40+ vehicles. The site overlooks Lake Lanier, and the closing scope includes driveway work, landscape planning, interior and kitchen countertop completion, exterior lighting installation, and general punch-out items.
Power service is listed as 600 amp (277). The building is fully permitted, and the listing notes a 2024/2025 build to code.
The property sits on 2 acres with a wrap-around driveway designed to accommodate 40+ vehicles. The site overlooks Lake Lanier, and the closing scope includes driveway work, landscape planning, interior and kitchen countertop completion, exterior lighting installation, and general punch-out items.
Power service is listed as 600 amp (277). The building is fully permitted, and the listing notes a 2024/2025 build to code.
Key Highlights
- 9,970 SF 2024/2025 flex warehouse with offices and shop space
- Two‑story office portion with 5 offices, break room with full kitchen, and 3 built‑in admin desks
- Shop includes a 40' wide x 35' tall hanger‑style door plus a smaller garage door
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
$133,509
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
6.68%
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%
$2,670,180
$2.7M
Cap Rate 7%
$1,907,271
$1.9M
Cap Rate 9%
$1,483,433
$1.5M
Market Conditions
NOI Build-Up for 9,970 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
$238.0K $23.87/SF
− Vacancy
−$60.0K −$6.02/SF
EGI
$178.0K $17.85/SF
− OpEx
−$44.5K −$4.46/SF
NOI
$133.5K $13.39/SF
Area
Dawson County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$2,670,180
Cap Rate 7%
$1,907,271
Cap Rate 9%
$1,483,433
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,509 @ 7.0% cap · market cap 6.68%
Second Best
Warehouse
$1.05M
$914.9K – $1.22M
NOI $73,188 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,090 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30534, GA
30,903
Population
13,394
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
90%
High-School Grad
212.9 sq mi
ZIP Area
145
Density / Sq Mi
$88,953
Median Household Income
$45,619
Median Earnings
$1,426
Median Rent
$336,600
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.
Frequently Asked Questions
What type of property is this?
Flex space - New 2024/2025 flex warehouse with offices, break room, and a high hanger-style shop door.
Where is this flex space located?
The property is located at 61 Toto Creek Park Road Dawsonville, GA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 9,970 SF 2024/2025 flex warehouse with offices and shop space; Two‑story office portion with 5 offices, break room with full kitchen, and 3 built‑in admin desks; Shop includes a 40' wide x 35' tall hanger‑style door plus a smaller garage door
