Four-Unit Flex
For Sale
Contact for pricing
1303 OLYMPIC CT SW, Conyers, GA 30012
Two-building office-warehouse layout with industrial zoning and a fenced outdoor storage yard.
Property Size12,000 SF
Lot Size1.11 Acres
Price / SF$137.42
Days on Market181
Property Features for 1303 OLYMPIC CT SW
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.11 Acres
Property subtype
Industrial
Zoning
Industrial
Occupancy
88%
Investment Type
Value Add
Net Operating Income
$81,062
Financials
Asking Price
$1,649,000
Cap Rate
4.92%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Units
4
Building Details
Year Built
1996
Buildings
2
Stories
1
Units
4
Tenancy
Multi
Building Size
12,000 SF
Listing Agency:
Crye-Leike Commercial
Listed By:
Matthew Levin · License #19351
(770) 209-1700
Source:
Crexi
Added: Apr 19
Changed: Oct 5
Last Checked: Oct 14 at 9:52PM
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 Crye-Leike Commercial
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Investment Insights
Based on property information with market context.
This 12,000-square-foot flex property comprises two buildings and four office-warehouse units on 1.11 acres. Built in 1996, the asset is zoned Industrial and is 87.5% leased across three units. The 1303 building contains 6,000 square feet and includes an adjacent fenced outdoor storage yard. Its occupant, Single Source Inc., has leased the space since 2020 under an agreement extending through October 31, 2030.
The 1305 building includes three units, including a 1,500-square-foot vacant suite with a 500-square-foot office build-out described as move-in ready. The other occupied spaces include a 1,500-square-foot unit and a 3,000-square-foot unit. Tenants maintain interior HVAC, plumbing, and electrical systems, limiting landlord responsibility for those components. The property is 1.3 miles from I-20 Exit 80 and approximately 25 miles east of downtown Atlanta in Conyers, Georgia.
The 1305 building includes three units, including a 1,500-square-foot vacant suite with a 500-square-foot office build-out described as move-in ready. The other occupied spaces include a 1,500-square-foot unit and a 3,000-square-foot unit. Tenants maintain interior HVAC, plumbing, and electrical systems, limiting landlord responsibility for those components. The property is 1.3 miles from I-20 Exit 80 and approximately 25 miles east of downtown Atlanta in Conyers, Georgia.
Key Highlights
- 12,000‑square‑foot flex property on 1.11 acres
- Two buildings containing four office‑warehouse units
- 87.5% leased across three of four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,090
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,800
$1.8M
Cap Rate 7%
$1,258,429
$1.3M
Cap Rate 9%
$978,778
$978.8K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$113.8K $9.48/SF
− Vacancy
−$10.1K −$0.84/SF
EGI
$103.6K $8.64/SF
− OpEx
−$15.5K −$1.30/SF
NOI
$88.1K $7.34/SF
Area
Rockdale 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 Rate 5%
$1,761,800
Cap Rate 7%
$1,258,429
Cap Rate 9%
$978,778
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,693 @ 7.0% cap · market cap 9.74%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,872 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
87.5%
Occupancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two-building office-warehouse layout with industrial zoning and a fenced outdoor storage yard.
Where is this flex space located?
The property is located at 1303 OLYMPIC CT SW Conyers, GA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 12,000‑square‑foot flex property on 1.11 acres; Two buildings containing four office‑warehouse units; 87.5% leased across three of four units
