Garden City Flex Space
For Sale
Contact for pricing
1306 Heidt Ave, Garden City, GA 31408
Flex space with warehouse in excellent location near GA Ports.
Property Size3,531 SF
Price / SF$140.19
Days on Market193
Property Features for 1306 Heidt Ave
General Information
Standard status
Active
Size
3,531 SF
Property subtype
Industrial
Zoning
C-2
Lease Type
Net
Building Details
Year Built
2001
Stories
1
Listing Agency:
Keller Williams - Savannah
(912) 356-5001
Listed By:
Pam Chance · License #93643
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 10 at 11:09AM
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 Keller Williams - Savannah
Investment Insights
Based on property information with market context.
This flex space property, located in Garden City, features multiple offices, a break room, and two restrooms. The warehouse component offers 2160 square feet of space and includes two drive-in doors. With a total property size of 3531 square feet, the building's location provides convenient access to the Georgia Ports and I-16. The property is suitable for service companies, including plumbing, electrical, HVAC, and various other contractor uses.
Key Highlights
- Excellent location near the GA Ports and I‑16
- 2160 sf warehouse space with 2 drive‑in doors
- Flex space with multiple offices and break room
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
$20,948
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
4.23%
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%
$418,960
$419.0K
Cap Rate 7%
$299,257
$299.3K
Cap Rate 9%
$232,756
$232.8K
Market Conditions
NOI Build-Up for 3,531 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
$33.5K $9.48/SF
− Vacancy
−$3.5K −$1.00/SF
EGI
$29.9K $8.48/SF
− OpEx
−$9.0K −$2.54/SF
NOI
$20.9K $5.93/SF
Area
Chatham County, GA
Vacancy
10.60%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$418,960
Cap Rate 7%
$299,257
Cap Rate 9%
$232,756
Alternative Uses
Best Use
Warehouse
$3.30M
$2.89M – $3.85M
NOI $230,996 @ 7.0% cap · market cap 46.67%
Second Best
Flex RnD
$757.1K
$662.5K – $883.3K
NOI $52,997 @ 7.0% cap · market cap 10.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with warehouse in excellent location near GA Ports.
Where is this flex space located?
The property is located at 1306 Heidt Ave Garden City, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Excellent location near the GA Ports and I‑16; 2160 sf warehouse space with **2 drive‑in doors**; Flex space with multiple offices and break room
