Industrial Flex Space with Multiple
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1747 Rock Chapel Road, Lithonia, GA 30058
Industrial flex property combining dedicated office space with column-free shop areas and multiple loading doors.
Property Size10,624 SF
Lot Size0.64 Acres
Price / SF$101.19
Days on Market118
Property Features for 1747 Rock Chapel Road
General Information
Standard status
Active
Size
10,624 SF
Lot size
0.64 Acres
Property subtype
Retail, Industrial
Zoning
M \ Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
19 ft
Office Build-Out
3,300 SF
Dock-High Doors
3
Drive-In Doors
1
Power
200 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Year Renovated
2021
Buildings
1
Listing Agency:
Crye-Leike Commercial
(770) 209-1700
Listed By:
Matthew Levin · License #19351
Source:
Crexi
Added: May 6
Changed: Aug 30
Last Checked: Aug 30 at 11:49PM
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 Crye-Leike Commercial
Investment Insights
Based on property information with market context.
This industrial flex property totals 10,624 SF on 0.64 acres+- and combines office, shop, and warehouse functionality. The 3,300 SF office includes five private offices, a conference room, breakroom, and restroom. A 5,760 SF+- column-free main shop offers 16' to 19' clear heights, a shop office, restroom, one front grade-level roll-up door, and two side dock-high roll-up doors. The 1,590 SF+- secondary shop has 10' to 12' clear heights and a 9'w x 10'h dock-high door.
The property fronts SR 124, also identified as Rock Chapel Road, with a 32,000+ traffic count and sits 3 miles north of I-20 at the Turner Hill Road exit. M \ Industrial zoning supports uses including auto repair, mechanic shop, contractor, distribution, manufacturing, and general warehouse/storage. Electrical service is 3-phase, 200-amp, 240V. Capital improvements include a sewer line replacement in 2005, roof replacements in 2007, and two 2.5-ton HVAC units installed for the main office in 2021.
The property fronts SR 124, also identified as Rock Chapel Road, with a 32,000+ traffic count and sits 3 miles north of I-20 at the Turner Hill Road exit. M \ Industrial zoning supports uses including auto repair, mechanic shop, contractor, distribution, manufacturing, and general warehouse/storage. Electrical service is 3-phase, 200-amp, 240V. Capital improvements include a sewer line replacement in 2005, roof replacements in 2007, and two 2.5-ton HVAC units installed for the main office in 2021.
Key Highlights
- 10,624 SF industrial flex property on 0.64 acres+-
- M \ Industrial zoning supports auto repair, contractors, distribution, manufacturing, and warehouse/storage
- 3,300 SF office with five private offices, conference room, breakroom, and restroom
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
$77,989
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
7.25%
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%
$1,559,780
$1.6M
Cap Rate 7%
$1,114,129
$1.1M
Cap Rate 9%
$866,544
$866.5K
Market Conditions
NOI Build-Up for 10,624 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
$100.7K $9.48/SF
− Vacancy
−$9.0K −$0.84/SF
EGI
$91.8K $8.64/SF
− OpEx
−$13.8K −$1.30/SF
NOI
$78.0K $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%
$1,559,780
Cap Rate 7%
$1,114,129
Cap Rate 9%
$866,544
Alternative Uses
Best Use
Retail
$2.13M
$1.87M – $2.49M
NOI $149,431 @ 7.0% cap · market cap 13.90%
Second Best
Office B
$2.03M
$1.78M – $2.37M
NOI $142,267 @ 7.0% cap · market cap 13.23%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,887 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combining dedicated office space with column-free shop areas and multiple loading doors.
Where is this flex space located?
The property is located at 1747 Rock Chapel Road Lithonia, 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: 10,624 SF industrial flex property on 0.64 acres+-; M \ Industrial zoning supports auto repair, contractors, distribution, manufacturing, and warehouse/storage; 3,300 SF office with five private offices, conference room, breakroom, and restroom
