Flex Space with Drive-In
For Sale
$1,500,000
2101 Dogwood Dr Se, Conyers, GA 30013
Flexible commercial facility with warehouse, shop, and climate-controlled customer areas near Interstate 20.
Property Size4,000 SF
Lot Size1.21 Acres
Price / SF$375
Days on Market119
Property Features for 2101 Dogwood Dr Se
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.21 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
2,600 SF
Office Build-Out
1,400 SF
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$22,194
Amenities
break room/kitchen
Building Details
Building Size
4,000 SF
Listing Agency:
Georgia Premier RE Advisors
(706) 340-4724
Listed By:
Matthew L Smith · License #334905
(706) 340-4724
Source:
Exprealty
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 8:01PM
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 Georgia Premier RE Advisors
Investment Insights
Based on property information with market context.
This flex space at 2101 Dogwood Dr SE includes approximately 4,000 square feet of improvements on 1.21 acres. The layout combines a 2,600-square-foot warehouse and shop area with 16-foot eave heights, approximately 18 feet of center clearance, and five drive-in doors. The service area also includes a break room, kitchen area, and private restroom.
A separate 1,400-square-foot climate-controlled office and customer area provides reception space, a waiting area, two customer-facing restrooms, two private offices, and an additional staff restroom. The property is on the north side of Interstate 20, minutes from the Salem Road Exit, with access to the interstate from Dogwood Drive. Its configuration supports service, automotive, contractor, equipment, fabrication, and light industrial operations.
A separate 1,400-square-foot climate-controlled office and customer area provides reception space, a waiting area, two customer-facing restrooms, two private offices, and an additional staff restroom. The property is on the north side of Interstate 20, minutes from the Salem Road Exit, with access to the interstate from Dogwood Drive. Its configuration supports service, automotive, contractor, equipment, fabrication, and light industrial operations.
Key Highlights
- 1.21‑acre flex‑space property at 2101 Dogwood Dr SE, Conyers, GA 30013
- Approximately 4,000 square feet of improvements
- 2,600‑square‑foot warehouse/shop area with 16' eave heights and approximately 18' center clearance
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
$56,262
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
3.75%
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%
$1,125,240
$1.1M
Cap Rate 7%
$803,743
$803.7K
Cap Rate 9%
$625,133
$625.1K
Market Conditions
NOI Build-Up for 4,000 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
$87.8K $21.96/SF
− Vacancy
−$7.5K −$1.87/SF
EGI
$80.4K $20.09/SF
− OpEx
−$24.1K −$6.03/SF
NOI
$56.3K $14.07/SF
Area
Rockdale County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$1,125,240
Cap Rate 7%
$803,743
Cap Rate 9%
$625,133
Alternative Uses
Best Use
Retail
$803.7K
$703.3K – $937.7K
NOI $56,262 @ 7.0% cap · market cap 3.75%
Second Best
Office B
$765.2K
$669.6K – $892.7K
NOI $53,564 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.12M
$982.8K – $1.31M
NOI $78,624 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Well-served
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 - Flexible commercial facility with warehouse, shop, and climate-controlled customer areas near Interstate 20.
Where is this flex space located?
The property is located at 2101 Dogwood Dr Se Conyers, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.21‑acre flex‑space property at 2101 Dogwood Dr SE, Conyers, GA 30013; Approximately 4,000 square feet of improvements; 2,600‑square‑foot warehouse/shop area with 16' eave heights and approximately 18' center clearance
