Multi-Suite Flex
For Sale
$3,400,000
328 Commerce Boulevard, Athens, GA 30606
Adaptable industrial property combining warehouse areas, loading access, and finished office amenities within a gated site.
Property Size21,000 SF
Lot Size3.40 Acres
Price / SF$161.90
Days on Market87
Property Features for 328 Commerce Boulevard
General Information
Standard status
Active
Size
21,000 SF
Total Parking Spaces
30
Lot size
3.40 Acres
Property subtype
Commercial
Zoning
E-I
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,468
Amenities
private offices
conference rooms
kitchenette break rooms
restrooms
No
Yes
1
Public Records
High Ceilings
Public
3.4
30.0
Paved
Fence
Slab
Building Details
Building Size
21,000 SF
Year Built
1986
Stories
1
Tenancy
Multi
Listing Agency:
BHHS Bay Street Realty
(843) 838-3004
Listed By:
Erich Dreier · License #134783
(440) 969-3186
Source:
Baystreetrealtygroup
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 12 at 6:11PM
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 BHHS Bay Street Realty
Investment Insights
Based on property information with market context.
This flex space property contains 21,000 square feet of finished improvements across multiple suites. Each suite includes at least one roll-up door and dock-height loading area, while the office components provide private offices, conference rooms, kitchenette break rooms, and restrooms. Warehouse areas support production, assembly, or storage functions, subject to the applicable requirements for each use. The gated site includes paved parking for employees and visitors and occupies approximately 3.4 acres.
Located at 328 Commerce Boulevard in Athens, the property offers access to Hwy 316 and Loop 10, with connectivity toward the Atlanta metro area and the I-85 corridor. The surrounding west Athens industrial corridor includes distribution centers, construction suppliers, and light manufacturing businesses. Built in 1986, the property can accommodate a single-user operation or multiple occupants within its suite configuration.
Located at 328 Commerce Boulevard in Athens, the property offers access to Hwy 316 and Loop 10, with connectivity toward the Atlanta metro area and the I-85 corridor. The surrounding west Athens industrial corridor includes distribution centers, construction suppliers, and light manufacturing businesses. Built in 1986, the property can accommodate a single-user operation or multiple occupants within its suite configuration.
Key Highlights
- 21,000 square feet of finished space across multiple suites
- Approximately 3.4 acres with gated entry and paved parking
- Each suite includes at least one roll‑up door and dock‑height loading area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$271,820
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,436,400
$5.4M
Cap Rate 7%
$3,883,143
$3.9M
Cap Rate 9%
$3,020,222
$3.0M
Market Conditions
NOI Build-Up for 21,000 SF
Gross rent
$453.6K $21.60/SF
− Vacancy
−$91.2K −$4.34/SF
EGI
$362.4K $17.26/SF
− OpEx
−$90.6K −$4.31/SF
NOI
$271.8K $12.94/SF
Area
Athens, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,436,400
Cap Rate 7%
$3,883,143
Cap Rate 9%
$3,020,222
Alternative Uses
Best Use
Office B
$3.88M
$3.40M – $4.53M
NOI $271,820 @ 7.0% cap · market cap 7.99%
Second Best
Warehouse
$2.20M
$1.93M – $2.57M
NOI $154,158 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$5.06M
$4.43M – $5.91M
NOI $354,372 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable industrial property combining warehouse areas, loading access, and finished office amenities within a gated site.
Where is this flex space located?
The property is located at 328 Commerce Boulevard Athens, GA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 21,000 square feet of finished space across multiple suites; Approximately 3.4 acres with gated entry and paved parking; Each suite includes at least one roll‑up door and dock‑height loading area
