Multi-Use Flex
For Sale
$1,600,000
1719 & 1705 Redan E, Lithonia, GA 30058
Flex-style building with front office-style space and back warehouse areas with loading docks.
Property Size1,995 SF
Price / SF$104.88
Days on Market61
Property Features for 1719 & 1705 Redan E
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Other
Amenities
2.26 acres, Industrial Park, Level
Public Sewer
Annual Amount: $39,031, Year: 25
Central Air, Fans
Electric
Cumulative Days on Market: 58, 58 days on market, On Market Date: 2026-07-14
Parking Lot, Paved
Built in 1995, Aluminum Siding, Brick, Mixed Use, Office, Warehouse
County: DeKalb
Resale
Cable Available, Electricity Available, High Speed Internet, Sewer Available, Public
Negotiable
Building Details
Building Size
1,995 SF
Year Built
1995
Listing Agency:
NVision Realty & Consulting
(678) 234-9695
Listed By:
Brian Thompkins
(678) 371-2665
Source:
Blackstreaminternational
Added: Jul 14
Changed: Sep 11
Last Checked: Sep 11 at 6:42AM
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 NVision Realty & Consulting
Investment Insights
Based on property information with market context.
This highly adaptable flex construction multi-use building is currently used as a church and school. The layout includes finished, office-style storefront space at the front, along with an open warehouse-style area with high ceilings in the back. Loading docks support the rear warehouse function, and the interior is designed for reconfiguration into different combinations of office, R&D, showroom, and light industrial space as needs change.
The property includes classrooms, offices, kitchen, gymnasium, playground, and an auditorium. Additional space for expansion is noted as part of the building’s overall adaptability.
The property includes classrooms, offices, kitchen, gymnasium, playground, and an auditorium. Additional space for expansion is noted as part of the building’s overall adaptability.
Key Highlights
- Multi‑use flex building built in 1995 with approx. 15,256 SF
- Front office‑style storefront and back open warehouse‑style space with high ceilings
- Back area includes loading docks
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
$111,992
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
7.00%
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%
$2,239,840
$2.2M
Cap Rate 7%
$1,599,886
$1.6M
Cap Rate 9%
$1,244,356
$1.2M
Market Conditions
NOI Build-Up for 15,256 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
$144.6K $9.48/SF
− Vacancy
−$12.9K −$0.84/SF
EGI
$131.8K $8.64/SF
− OpEx
−$19.8K −$1.30/SF
NOI
$112.0K $7.34/SF
Area
DeKalb 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%
$2,239,840
Cap Rate 7%
$1,599,886
Cap Rate 9%
$1,244,356
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,992 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $92,937 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$4.26M
$3.73M – $4.98M
NOI $298,525 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30058, GA
59,445
Population
23,671
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,949
Density / Sq Mi
$62,633
Median Household Income
$36,992
Median Earnings
$1,478
Median Rent
$221,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-style building with front office-style space and back warehouse areas with loading docks.
Where is this flex space located?
The property is located at 1719 & 1705 Redan E Lithonia, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Multi‑use flex building built in 1995 with approx. 15,256 SF; Front office‑style storefront and back open warehouse‑style space with high ceilings; Back area includes loading docks
