Flex Office and Warehouse
215 & 219 Lovvorn Road Carrollton, GA 30117
215 & 219 Lovvorn Road, Carrollton, GA, 30117
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For Sale
Contact for pricing
Multi-use building offering office space totaling 29,567 square feet for purchase.
Property Size29,567 SF
Price / SF$65.95
Days on Market151
Property Features for 215 & 219 Lovvorn Road
General Information
- Standard status
- Active
- Size
- 29,567 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1984
Listing agency
Ackerman & Co
Listed by
Chris Miller · License #GA
Source
Crexi
Added: Feb 21 Updated: Jul 20 at 7:57PM Checked: Jul 20 at 7:57PM
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 Ackerman & Co
Investment Insights
Based on property information with market context.
This for-sale commercial property is described as an office and totals 29,567 square feet. The asset is positioned within a mixed-use flex/warehouse-oriented property set, supporting a combination of office and work-space needs in one building footprint.
The property is located at 215 and 219 Lovvorn Road in Carrollton, Georgia. It is offered for sale as a single asset.
Additional building details beyond the office size are not provided in the available information.
The property is located at 215 and 219 Lovvorn Road in Carrollton, Georgia. It is offered for sale as a single asset.
Additional building details beyond the office size are not provided in the available information.
Key Highlights
- Multi‑use building with 29,567 sq ft of office space
- Built in 1984
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $280.3k | $9.48 |
| − Vacancy | −$15.1k | −$0.51 |
| EGI | $265.2k | $8.97 |
| − OpEx | −$92.8k | −$3.14 |
| NOI | $172.4k | $5.83 |
29,567 SF · lease $9.48/SF/yr · vacancy 5.40% · expense 35.00%
Alternative Uses
Best Use
Office B
$5.66M
$4.95M – $6.60M
NOI $395,934 @ 7.0% cap · market cap 20.30%
Second Best
Warehouse
$3.10M
$2.71M – $3.62M
NOI $217,047 @ 7.0% cap · market cap 11.13%
Theoretical Best
Office A
$8.27M
$7.23M – $9.64M
NOI $578,558 @ 7.0% cap · market cap 29.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ADT security
Consultant
Similar For Sale Nearby
Similar Off Market Nearby
- Kristi’s Southern Eats — 422 Newnan St, Carrollton, GA 30117
- New York Street Eats — 1101 Alabama St, Carrollton, GA 30117
FAQs
What type of property is this?
Flex space - Multi-use building offering office space totaling 29,567 square feet for purchase.
Where is this flex space located?
The property is located at 215 & 219 Lovvorn Road Carrollton, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Multi‑use building with 29,567 sq ft of office space; Built in 1984
