Air-Conditioned Industrial Flex
For Sale
Contact for pricing
2005 McGee Road Southwest, Snellville, GA 30078
Freestanding industrial flex building with fully air-conditioned warehouse space, grade-level loading, and ample parking for operations.
Property Size10,200 SF
Lot Size2.05 Acres
Price / SF$132.35
Days on Market56
Property Features for 2005 McGee Road Southwest
General Information
Standard status
Active
Size
10,200 SF
Total Parking Spaces
50
Lot size
2.05 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
COM
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
1
Building Details
Year Built
1998
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Listing Agency:
Vieweg Real Estate
(217) 433-0839
Listed By:
Cole Babcock · License #IL
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 3:47PM
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 Vieweg Real Estate
Investment Insights
Based on property information with market context.
2005 McGee Road is a freestanding industrial/flex building of 10,200 SF, built in 1998 with durable steel-frame construction. The warehouse area includes full air conditioning throughout the 7,740 SF floor, providing conditioned space beyond a typical office-only setup. Interior clear height is 22 feet, and the building also offers a 1,720 SF mezzanine that can support additional storage or flexible use depending on an owner’s buildout plans. Loading is handled via a grade-level roll-up door, supported by a paved rear yard and maneuvering space on a 2.05-acre site. Parking is available on-site with 50 spaces.
The property is located at 2005 McGee Road Southwest in Snellville, GA. The surrounding area includes community ballfields and a soccer complex within walking distance, along with dense nearby neighborhoods, supporting accessibility to an on-site workforce and local customers.
This asset is well suited for an owner-user or investor seeking an air-conditioned industrial layout that can accommodate a wider mix of concepts. BG (General Business) zoning is noted as permitting more than 30 uses by right, which can support a variety of operational needs requiring conditioned warehouse space, practical loading access, and room for on-site parking and yard activity.
The property is located at 2005 McGee Road Southwest in Snellville, GA. The surrounding area includes community ballfields and a soccer complex within walking distance, along with dense nearby neighborhoods, supporting accessibility to an on-site workforce and local customers.
This asset is well suited for an owner-user or investor seeking an air-conditioned industrial layout that can accommodate a wider mix of concepts. BG (General Business) zoning is noted as permitting more than 30 uses by right, which can support a variety of operational needs requiring conditioned warehouse space, practical loading access, and room for on-site parking and yard activity.
Key Highlights
- Freestanding 10,200 SF industrial/flex building built in 1998 with durable steel‑frame construction
- Fully air‑conditioned warehouse space of 7,740 SF (not limited to office area)
- 22‑foot clear heights plus 1,720 SF mezzanine for additional flexible space
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
$118,495
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
8.78%
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%
$2,369,900
$2.4M
Cap Rate 7%
$1,692,786
$1.7M
Cap Rate 9%
$1,316,611
$1.3M
Market Conditions
NOI Build-Up for 10,200 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
$183.6K $18.00/SF
− Vacancy
−$14.3K −$1.40/SF
EGI
$169.3K $16.60/SF
− OpEx
−$50.8K −$4.98/SF
NOI
$118.5K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,369,900
Cap Rate 7%
$1,692,786
Cap Rate 9%
$1,316,611
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,495 @ 7.0% cap · market cap 8.78%
Second Best
Warehouse
$1.07M
$936.0K – $1.25M
NOI $74,877 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.85M
$2.49M – $3.33M
NOI $199,590 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30078, GA
38,350
Population
13,784
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
91%
High-School Grad
17.3 sq mi
ZIP Area
2,217
Density / Sq Mi
$90,054
Median Household Income
$44,657
Median Earnings
$1,641
Median Rent
$316,600
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 - Freestanding industrial flex building with fully air-conditioned warehouse space, grade-level loading, and ample parking for operations.
Where is this flex space located?
The property is located at 2005 McGee Road Southwest Snellville, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freestanding 10,200 SF industrial/flex building built in 1998 with durable steel‑frame construction; Fully air‑conditioned warehouse space of 7,740 SF (not limited to office area); 22‑foot clear heights plus 1,720 SF mezzanine for additional flexible space
