Multi-Tenant Flex
For Sale
$725,000
217 S Commercial Cir, Warner Robins, GA 31088
The layout combines retail, office, and warehouse areas within one commercial building.
Property Size8,500 SF
Price / SF$85.29
Days on Market28
Property Features for 217 S Commercial Cir
General Information
Standard status
Active
Size
8,500 SF
Additional Details
Highway Access
Yes
Warehouse Space
6,600 SF
Building Details
Buildings
1
Building Size
8,500 SF
Tenancy
Multi
Listing Agency:
Maximum One Platinum Realtors
(478) 397-7179
Listed By:
Kimberly Pace
(478) 397-7179
Source:
Exprealty
Added: Jul 27
Changed: Aug 22
Last Checked: Aug 22 at 6:06AM
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 Maximum One Platinum Realtors
Investment Insights
Based on property information with market context.
This 8,500-square-foot flex building has a multi-tenant configuration with retail and office storefronts at the front. A 6,600-square-foot warehouse occupies the rear, with the space described as suitable for distribution, storage, or assembly. The building brings customer-facing storefronts and substantial warehouse capacity together under one roof.
Located at 217 S Commercial Cir in Warner Robins, the property is positioned in the city’s commercial district near Robins Air Force Base. Highway 247 provides nearby access for local travel and commuting.
Located at 217 S Commercial Cir in Warner Robins, the property is positioned in the city’s commercial district near Robins Air Force Base. Highway 247 provides nearby access for local travel and commuting.
Key Highlights
- 8,500 SF multi‑tenant flex building
- 6,600 SF rear warehouse area
- Front retail and office storefronts
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
$65,876
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
9.09%
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%
$1,317,520
$1.3M
Cap Rate 7%
$941,086
$941.1K
Cap Rate 9%
$731,956
$732.0K
Market Conditions
NOI Build-Up for 8,500 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
$110.2K $12.96/SF
− Vacancy
−$8.8K −$1.04/SF
EGI
$101.3K $11.92/SF
− OpEx
−$35.5K −$4.17/SF
NOI
$65.9K $7.75/SF
Area
Houston County, GA
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,317,520
Cap Rate 7%
$941,086
Cap Rate 9%
$731,956
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,490 @ 7.0% cap · market cap 14.69%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $89,077 @ 7.0% cap · market cap 12.29%
Theoretical Best
Office A
$1.83M
$1.61M – $2.14M
NOI $128,422 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31088, GA
57,034
Population
24,167
Households
2.4
Avg Household Size
36
Median Age
36%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,940
Density / Sq Mi
$81,507
Median Household Income
$44,764
Median Earnings
$1,224
Median Rent
$189,700
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 - The layout combines retail, office, and warehouse areas within one commercial building.
Where is this flex space located?
The property is located at 217 S Commercial Cir Warner Robins, GA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8,500 SF multi‑tenant flex building; 6,600 SF rear warehouse area; Front retail and office storefronts
