Industrial Flex Condo with
For Sale
$494,000
203-450 S Cemetery St, Norcross, GA 30071
Office and warehouse areas are combined in an industrial condominium with three-phase power and a drive-in door.
Property Size2,148 SF
Price / SF$229.98
Days on Market23
Property Features for 203-450 S Cemetery St
General Information
Standard status
Active
Size
2,148 SF
Warehouse & Industrial
Warehouse Space
1,579 SF
Office Build-Out
569 SF
Mezzanine
569 SF
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,336
Listing Agency:
Synergy Real Estate, LLC.
(770) 595-5578
Listed By:
Victoria Rojanets
(404) 988-3694
Source:
Exprealty
Added: Sep 24
Changed: Oct 15
Last Checked: Oct 15 at 2:13AM
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 Synergy Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This industrial flex condominium contains 2,148 square feet, including 569 square feet of office space and 1,579 square feet of warehouse area. A 569-square-foot mezzanine sits above the office. The unit has 17–18-foot ceilings, three-phase power, and a drive-in roll-up door. Its industrial zoning supports a range of stated applications, including warehouse, distribution, light manufacturing, contractor operations, showroom, and flex office-warehouse uses.
The property is in Fairmont Woods industrial park, within Norcross city limits in Gwinnett County. Buford Highway, I-85, and I-285 are identified as nearby routes.
The property is in Fairmont Woods industrial park, within Norcross city limits in Gwinnett County. Buford Highway, I-85, and I-285 are identified as nearby routes.
Key Highlights
- 2,148‑square‑foot industrial flex condominium
- 569 square feet of office space and 1,579 square feet of warehouse space
- 569‑square‑foot mezzanine above the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,768
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,360
$315.4K
Cap Rate 7%
$225,257
$225.3K
Cap Rate 9%
$175,200
$175.2K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$20.4K $9.48/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$18.6K $8.64/SF
− OpEx
−$2.8K −$1.30/SF
NOI
$15.8K $7.34/SF
Area
Gwinnett 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 Rate 5%
$315,360
Cap Rate 7%
$225,257
Cap Rate 9%
$175,200
Alternative Uses
Best Use
Warehouse
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$186.9K
$163.6K – $218.1K
NOI $13,085 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Atrium — 139 N Norcross Tucker Rd, Norcross, GA 30071
- A Divine Event — 539 S Peachtree St, Norcross, GA 30071
- Tucker's Catering — 350 W Peachtree St #106, Norcross, GA 30071
- Parties Galore Inc — Norcross, GA 30003
- Cuisson Catering — 708 holcomb bridge rd, norcross, ga 30071
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are combined in an industrial condominium with three-phase power and a drive-in door.
Where is this flex space located?
The property is located at 203-450 S Cemetery St Norcross, GA.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: 2,148‑square‑foot industrial flex condominium; 569 square feet of office space and 1,579 square feet of warehouse space; 569‑square‑foot mezzanine above the office
