Mixed-Use Property with Office and Warehouse
For Sale
Contact for pricing
2323 Browns Bridge Rd, Gainesville, GA 30504
Fully occupied office and customized spaces support a combined workplace and warehouse configuration.
Property Size40,000 SF
Lot Size6.76 Acres
Price / SF$128.13
Days on Market51
Property Features for 2323 Browns Bridge Rd
General Information
Standard status
Active
Size
40,000 SF
Lot size
6.76 Acres
Property subtype
Office, Industrial
Building Details
Building Size
40,000 SF
Listing Agency:
Candler Real Estate Group
Listed By:
Lee Hemmer · License #0000
(770) 988-6383
Source:
Crexi
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 7:24AM
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 Candler Real Estate Group
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 40,000 SF of office and warehouse space across a 6.76-acre site. The improvements include office areas and customized spaces configured for varied commercial functions, with the office and customized areas fully occupied.
Located at 2323 Browns Bridge Rd in Gainesville, Georgia, the property combines substantial land area with an established office and warehouse component. Rental income is available from the occupied office and customized spaces, creating an existing income-producing profile for the property.
Located at 2323 Browns Bridge Rd in Gainesville, Georgia, the property combines substantial land area with an established office and warehouse component. Rental income is available from the occupied office and customized spaces, creating an existing income-producing profile for the property.
Key Highlights
- 6.76‑acre mixed‑use property in Gainesville, Georgia
- Approximately 40,000 SF of office and warehouse space
- Office and customized spaces are fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$411,750
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,235,000
$8.2M
Cap Rate 7%
$5,882,143
$5.9M
Cap Rate 9%
$4,575,000
$4.6M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$720.0K $18.00/SF
− Vacancy
−$61.2K −$1.53/SF
EGI
$658.8K $16.47/SF
− OpEx
−$247.1K −$6.18/SF
NOI
$411.8K $10.29/SF
Area
Hall County, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,235,000
Cap Rate 7%
$5,882,143
Cap Rate 9%
$4,575,000
Alternative Uses
Best Use
Office B
$7.66M
$6.70M – $8.93M
NOI $535,867 @ 7.0% cap · market cap 10.46%
Second Best
Mixed Use
$5.88M
$5.15M – $6.86M
NOI $411,750 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$11.20M
$9.80M – $13.07M
NOI $784,143 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
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Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied office and customized spaces support a combined workplace and warehouse configuration.
Where is this mixed-use property located?
The property is located at 2323 Browns Bridge Rd Gainesville, GA.
What is the asking price?
The asking price for this property is $5,125,000.
What are key features of this property?
This property features: 6.76‑acre mixed‑use property in Gainesville, Georgia; Approximately 40,000 SF of office and warehouse space; Office and customized spaces are fully occupied
