Multi-Tenant Flex
For Sale
$725,000
217 S Commercial Circle, Warner Robins, GA 31088
COMMERCIAL, Warner Robins, GA
Property Size8,500 SF
Lot Size0.35 Acres
Price / SF$85.29
Days on Market54
Property Features for 217 S Commercial Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Subdivision
Watson Blvd. South to 96
Standard status
Active
Size
8,500 SF
Lot size
0.35 Acres
Listing Agency:
MAXIMUM ONE PLATINUM REALTORS
(478) 569-1181
Listed By:
Kim Pace
(478) 397-7179
Added: Jul 27
Changed: Sep 16
Last Checked: Sep 18 at 12:06AM
MLS# 264609
Copyright © 2026 Central Georgia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex commercial building provides 8,500 square feet of space across a mixed storefront, office, and warehouse layout. The front portion is arranged for retail and office functions, while the rear includes a 6,600-square-foot warehouse suited to distribution, storage, or assembly. The property is configured as a multi-tenant commercial asset and offers a combination of customer-facing space and industrial utility.
Located at 217 S Commercial Circle in Warner Robins, the property is within the city’s commercial district and near Robins Air Force Base. Highway 247 provides access to the surrounding area. The site encompasses 0.35 acres and carries C-3 zoning.
Located at 217 S Commercial Circle in Warner Robins, the property is within the city’s commercial district and near Robins Air Force Base. Highway 247 provides access to the surrounding area. The site encompasses 0.35 acres and carries C-3 zoning.
Key Highlights
- 8,500 square feet of total property area
- 6,600‑square‑foot rear warehouse
- Front retail and office storefront configuration
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
Flex RnD
$941.1K
$823.5K – $1.10M
NOI $65,876 @ 7.0% cap · market cap 9.09%
Second Best
Warehouse
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 6.69%
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-3-zoned commercial property combining storefront, office, and warehouse functions in a flexible configuration.
Where is this flex space located?
The property is located at 217 S Commercial Circle 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 square feet of total property area; 6,600‑square‑foot rear warehouse; Front retail and office storefront configuration
