Flex Space with Drive-In
For Sale
Contact for pricing
2427 Hilton Way #B, Gainesville, GA 30501
Gainesville, GA
Property Size1,500 SF
Lot Size0.68 Acres
Price / SF$1.43
Days on Market112
Property Features for 2427 Hilton Way #B
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.68 Acres
Building Details
Year built
2008
Listing Agency:
Gainesville Office · Berkshire Hathaway HomeServices
(770) 536-3007
Listed By:
Bryant Green
(770) 597-5711
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 26 at 10:06PM
MLS# 7796977
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property at 2427 Hilton Way #B in Gainesville, Georgia, was built in 2008 and contains 1,500 SF of interior space. The layout includes 1,250 SF of clear-span warehouse area and 250 SF of office space, providing a practical combination of work and administrative areas.
A 10' x 10' roll-up drive-in door serves the warehouse portion. Ceiling height measures 12' at the lowest point and reaches 14' at the highest point. The property occupies 0.68 acres in the 30501 postal area.
A 10' x 10' roll-up drive-in door serves the warehouse portion. Ceiling height measures 12' at the lowest point and reaches 14' at the highest point. The property occupies 0.68 acres in the 30501 postal area.
Key Highlights
- 1,500 SF total interior space
- 1,250 SF clear‑span warehouse area with 250 SF of office space
- One 10' x 10' roll‑up/drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,744
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,880
$174.9K
Cap Rate 7%
$124,914
$124.9K
Cap Rate 9%
$97,156
$97.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$14.2K $9.48/SF
− Vacancy
−$768 −$0.51/SF
EGI
$13.5K $8.97/SF
− OpEx
−$4.7K −$3.14/SF
NOI
$8.7K $5.83/SF
Area
Hall County, GA
Vacancy
5.40%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,880
Cap Rate 7%
$124,914
Cap Rate 9%
$97,156
Alternative Uses
Best Use
Warehouse
$157.3K
$137.6K – $183.5K
NOI $11,011 @ 7.0% cap · market cap 512.14%
Second Best
Industrial
$128.3K
$112.3K – $149.7K
NOI $8,984 @ 7.0% cap · market cap 417.86%
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,405 @ 7.0% cap · market cap 1,367.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space combines clear-span warehouse capacity with dedicated office area.
Where is this flex space located?
The property is located at 2427 Hilton Way #B Gainesville, GA.
What are key features of this property?
This property features: 1,500 SF total interior space; 1,250 SF clear‑span warehouse area with 250 SF of office space; One 10' x 10' roll‑up/drive‑in door
