Flex Space with
For Sale
$850,000
1951 Gees Mill Road, Conyers, GA 30013
M1-zoned facility combines adaptable offices, clear-span storage, and separate loading access for industrial users.
Property Size2,000 SF
Lot Size0.55 Acres
Price / SF$151.11
Days on Market9
Property Features for 1951 Gees Mill Road
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.55 Acres
Property subtype
Other
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14 ft
Clear Span
Yes
Warehouse Space
3,400 SF
Office Build-Out
2,225 SF
Dock-High Doors
1
Drive-In Doors
1
Power
200 amps
Three-Phase Power
Yes
Amenities
dedicated server room
data cabling
natural gas heat
central air
0.55 acres, Level
Septic Tank
Central Air, Electric
Central, Hot Water, Natural Gas
Cumulative Days on Market: 5, 5 days on market, On Market Date: 2026-08-12
Parking Lot, Paved
Built in 2000, Brick, Concrete, Steel Siding
County: Rockdale
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
2,000 SF
Year Built
2000
Stories
1
Construction
brick and steel
Listing Agency:
Baker Real Estate Services Group
(678) 465-8554
Listed By:
Mary Grace Price
(678) 465-8554
Source:
Blackstreaminternational
Added: Aug 12
Changed: Aug 19
Last Checked: Aug 20 at 4:48AM
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 Baker Real Estate Services Group
Investment Insights
Based on property information with market context.
Built in 2000, this single-story brick-and-steel flex facility contains 5,625 square feet on 0.55 acres. The layout includes 2,225 square feet of finished office space and 3,400 square feet of clear-span warehouse area with 14-foot clear height. Loading is provided by one drive-in roll-up door and one dock-high roll-up door, measuring 10 feet and 12 feet, respectively. The building also has 200-amp three-phase power, public water, septic, natural gas heat, and central air serving the office area.
Office improvements include a dedicated server room and data cabling throughout. Partition walls below the ceiling grid can be reconfigured for a different interior arrangement. The property fronts Gees Mill Road NE in the Gees Mill industrial corridor, across from Conyers Logistics Center, and is less than 1.5 miles from two I-20 interchanges. Paved parking extends along three sides of the building.
Office improvements include a dedicated server room and data cabling throughout. Partition walls below the ceiling grid can be reconfigured for a different interior arrangement. The property fronts Gees Mill Road NE in the Gees Mill industrial corridor, across from Conyers Logistics Center, and is less than 1.5 miles from two I-20 interchanges. Paved parking extends along three sides of the building.
Key Highlights
- 5,625‑square‑foot facility on 0.55 acres
- M1 light industrial zoning in the Gees Mill industrial corridor
- 2,225 SF of finished office and 3,400 SF of clear‑span warehouse
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
$75,325
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
8.86%
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%
$1,506,500
$1.5M
Cap Rate 7%
$1,076,071
$1.1M
Cap Rate 9%
$836,944
$836.9K
Market Conditions
NOI Build-Up for 5,625 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
$134.3K $23.87/SF
− Vacancy
−$33.8K −$6.02/SF
EGI
$100.4K $17.85/SF
− OpEx
−$25.1K −$4.46/SF
NOI
$75.3K $13.39/SF
Area
Rockdale County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$1,506,500
Cap Rate 7%
$1,076,071
Cap Rate 9%
$836,944
Alternative Uses
Best Use
Office B
$1.08M
$941.6K – $1.26M
NOI $75,325 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$589.9K
$516.2K – $688.2K
NOI $41,292 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,565 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
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 - M1-zoned facility combines adaptable offices, clear-span storage, and separate loading access for industrial users.
Where is this flex space located?
The property is located at 1951 Gees Mill Road Conyers, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,625‑square‑foot facility on 0.55 acres; M1 light industrial zoning in the Gees Mill industrial corridor; 2,225 SF of finished office and 3,400 SF of clear‑span warehouse
