Flex Warehouse with Auto Bay
For Sale
$1,075,000
160 Etowah Trace, Fayetteville, GA 30214
Flex warehouse currently set up for auto body repair with office buildout and a combination of drive-in and dock-high doors.
Property Size8,000 SF
Price / SF$134.38
Days on Market286
Property Features for 160 Etowah Trace
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Other
Warehouse & Industrial
Dock-High Doors
2
Heavy Power
Yes
Additional Details
Service Bays
3
Taxes and HOA fees
Annual Taxes
$6,447
Amenities
Central Air
3
Parking.
Paved Driveway, Lot.
Level
1.06
Industrial Area, Level.
Building Details
Year Built
2001
Listing Agency:
CBC Metro Brokers
(678) 320-4800
Listed By:
Greg Nobles · License #133135
(404) 791-6709
Source:
Xome
Added: Nov 23, 2025
Changed: Sep 1
Last Checked: Sep 5 at 4:34AM
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 CBC Metro Brokers
Investment Insights
Based on property information with market context.
This flex warehouse is currently used for auto body repair and offers a flexible floor plan with a built-in office and support space. The office/admin area includes a reception area, three private offices, a breakroom, and two restrooms. Additional storage and some finished area are located on the second level of the office area. The shop is equipped with three-phase power and was set up for a paint spray booth and three auto lifts.
Access and loading are supported by a combination of drive-in doors and two dock-high doors, providing practical options for receiving and shop operations. The property is located in North Fayette County and is noted as being convenient to Trillith Studios.
Overall, the layout supports both day-to-day administrative functions and automotive/repair activity, with dedicated office space and shop access designed for equipment use.
Access and loading are supported by a combination of drive-in doors and two dock-high doors, providing practical options for receiving and shop operations. The property is located in North Fayette County and is noted as being convenient to Trillith Studios.
Overall, the layout supports both day-to-day administrative functions and automotive/repair activity, with dedicated office space and shop access designed for equipment use.
Key Highlights
- Flex warehouse built in 2001 in an industrial area of North Fayette County, convenient to Trillith Studios
- Currently set up for auto body repair with paint spray booth and three auto lifts
- Combination of drive‑in doors and two dock‑high doors for loading and 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
$58,727
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
5.46%
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%
$1,174,540
$1.2M
Cap Rate 7%
$838,957
$839.0K
Cap Rate 9%
$652,522
$652.5K
Market Conditions
NOI Build-Up for 8,000 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
$75.8K $9.48/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$69.1K $8.64/SF
− OpEx
−$10.4K −$1.30/SF
NOI
$58.7K $7.34/SF
Area
Fayette 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%
$1,174,540
Cap Rate 7%
$838,957
Cap Rate 9%
$652,522
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,523 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$839.0K
$734.1K – $978.8K
NOI $58,727 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,541 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
3
Service bays
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30214, GA
32,135
Population
12,680
Households
2.5
Avg Household Size
45
Median Age
37%
College-Educated
92%
High-School Grad
52.7 sq mi
ZIP Area
610
Density / Sq Mi
$87,138
Median Household Income
$48,400
Median Earnings
$1,599
Median Rent
$338,300
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 warehouse currently set up for auto body repair with office buildout and a combination of drive-in and dock-high doors.
Where is this flex space located?
The property is located at 160 Etowah Trace Fayetteville, GA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Flex warehouse built in 2001 in an industrial area of North Fayette County, convenient to Trillith Studios; Currently set up for auto body repair with paint spray booth and three auto lifts; Combination of drive‑in doors and two dock‑high doors for loading and access
