Multi-Use Flex
1719 & 1705 Redan E Lithonia, GA 30058
For Sale
$1,600,000
Flex-style building with front office-style space and back warehouse areas with loading docks.
Property Size15,256 SF
Price / SF$104.88
Days on Market16
Property Features for 1719 & 1705 Redan E
General Information
Standard status
Active
Size
15,256 SF
Property subtype
Other
Building Details
Year Built
1995
Listing Agency:
NVision Realty & Consulting
(678) 371-2665
Listed By:
Brian Thompkins
(678) 371-2665
Source:
Blackstreaminternational
Added: Jul 14
Changed: Jul 27
Last Checked: Jul 28 at 4:56AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.6k | $9.48 |
| − Vacancy | −$12.9k | −$0.84 |
| EGI | $131.8k | $8.64 |
| − OpEx | −$19.8k | −$1.30 |
| NOI | $112.0k | $7.34 |
15,256 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Miriam famous chicken & catering — 2046 Lown Farm Trail, Lithonia, GA 30058
- Tastee Pleasures Catering Services — 6172 Waterton Dr, Lithonia, GA 30058
- Taylor Empire — 6453 Shadow Rock Dr, Lithonia, GA 30058
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
