Mixed-Use Property with Office and Warehouse
New
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 Market5
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: Sep 12
Last Checked: Sep 13 at 6:40AM
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
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 = 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
$411,750
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
8.03%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
