Flex Building with Roll-Up
For Sale
Contact for pricing
205 Avenue C, Carrollton, GA 30117
M-1-zoned flex building with finished office space, shop or storage area, and connections to city water and sewer.
Property Size1,520 SF
Price / SF$230.26
Days on Market191
Property Features for 205 Avenue C
General Information
Standard status
Active
Size
1,520 SF
Total Parking Spaces
10
Property subtype
Industrial
Zoning
M-1
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
3
Building Details
Year Built
2023
Buildings
1
Building Size
1,520 SF
Construction
metal
Listing Agency:
Duffey Realty, Inc.
(770) 836-1117
Listed By:
Dale Johnson · License #146636
Source:
Crexi
Added: Feb 22
Changed: Aug 30
Last Checked: Aug 31 at 10:18AM
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 Duffey Realty, Inc.
Investment Insights
Based on property information with market context.
Constructed in 2023, this 1,520-square-foot flex building combines a finished office with one bathroom and an open area suited to shop operations or storage. The metal structure includes three ground-level roll-up doors, two 36-inch entry doors, 14-foot wall height, and 12-foot doors. Its current use is contractor work and supplies, with the remaining interior configured for practical service-business functions.
The property is within Carrollton city limits and carries M-1 zoning, where light industrial uses are allowed. City water and sewer serve the building. A gravel lot extends around the property, with fencing enclosing the rear area behind the building.
The property is within Carrollton city limits and carries M-1 zoning, where light industrial uses are allowed. City water and sewer serve the building. A gravel lot extends around the property, with fencing enclosing the rear area behind the building.
Key Highlights
- M‑1 zoning within Carrollton city limits; light industrial uses are allowed
- 1,520‑square‑foot metal building constructed in 2023
- Three ground‑level roll‑up doors and two 36‑inch entrance doors
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
$11,158
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
3.19%
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%
$223,160
$223.2K
Cap Rate 7%
$159,400
$159.4K
Cap Rate 9%
$123,978
$124.0K
Market Conditions
NOI Build-Up for 1,520 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
$14.4K $9.48/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$13.1K $8.64/SF
− OpEx
−$2.0K −$1.30/SF
NOI
$11.2K $7.34/SF
Area
Carroll 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%
$223,160
Cap Rate 7%
$159,400
Cap Rate 9%
$123,978
Alternative Uses
Best Use
Warehouse
$159.4K
$139.5K – $186.0K
NOI $11,158 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$132.3K
$115.8K – $154.3K
NOI $9,260 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30117, GA
37,644
Population
15,313
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
85%
High-School Grad
108.1 sq mi
ZIP Area
348
Density / Sq Mi
$58,463
Median Household Income
$31,273
Median Earnings
$1,066
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - M-1-zoned flex building with finished office space, shop or storage area, and connections to city water and sewer.
Where is this flex space located?
The property is located at 205 Avenue C Carrollton, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: M‑1 zoning within Carrollton city limits; light industrial uses are allowed; 1,520‑square‑foot metal building constructed in 2023; Three ground‑level roll‑up doors and two 36‑inch entrance doors
