Seven-Unit Flex
For Sale
$3,300,000
853 S Peachtree St Unit 107, Norcross, GA 30071
Brick construction, rear loading doors, and adaptable interior clearance accommodate varied commercial and industrial operations.
Property Size15,500 SF
Lot Size2.37 Acres
Price / SF$212.90
Days on Market40
Property Features for 853 S Peachtree St Unit 107
General Information
Standard status
Active
Size
15,500 SF
Lot size
2.37 Acres
Additional Details
Highway Access
Yes
Clear Height
20 ft
Building Details
Year Built
2004
Building Size
15,500 SF
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices Georgia Properties
Listed By:
Sandra Lee
Source:
Brockteam
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:52PM
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 Berkshire Hathaway HomeServices Georgia Properties
Investment Insights
Based on property information with market context.
Built in 2004, this flex property contains 15,500 SF across seven individual units on 2.37 acres. Four-sided brick construction provides a durable exterior, while rear roll-up doors facilitate loading and daily operations. The building offers 20-foot clear ceiling heights for a range of commercial and industrial applications.
Located at 853 S Peachtree St Unit 107 in Norcross, Georgia, the property provides convenient access to major interstates. Its unitized configuration and flexible warehouse design support both investor and owner-user requirements.
Located at 853 S Peachtree St Unit 107 in Norcross, Georgia, the property provides convenient access to major interstates. Its unitized configuration and flexible warehouse design support both investor and owner-user requirements.
Key Highlights
- 15,500 SF flex warehouse on 2.37 acres
- Seven individual units within the building
- Four‑sided brick construction
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
$113,783
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
3.45%
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%
$2,275,660
$2.3M
Cap Rate 7%
$1,625,471
$1.6M
Cap Rate 9%
$1,264,256
$1.3M
Market Conditions
NOI Build-Up for 15,500 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
$146.9K $9.48/SF
− Vacancy
−$13.1K −$0.84/SF
EGI
$133.9K $8.64/SF
− OpEx
−$20.1K −$1.30/SF
NOI
$113.8K $7.34/SF
Area
Gwinnett 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%
$2,275,660
Cap Rate 7%
$1,625,471
Cap Rate 9%
$1,264,256
Alternative Uses
Best Use
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,783 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,424 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,299 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Atrium — 139 N Norcross Tucker Rd, Norcross, GA 30071
- A Divine Event — 539 S Peachtree St, Norcross, GA 30071
- Tucker's Catering — 350 W Peachtree St #106, Norcross, GA 30071
- Parties Galore Inc — Norcross, GA 30003
Frequently Asked Questions
What type of property is this?
Flex space - Brick construction, rear loading doors, and adaptable interior clearance accommodate varied commercial and industrial operations.
Where is this flex space located?
The property is located at 853 S Peachtree St Unit 107 Norcross, GA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 15,500 SF flex warehouse on 2.37 acres; Seven individual units within the building; Four‑sided brick construction
