Multi-Suite Industrial Flex
328 Commerce Blvd Athens, GA 30606
328 Commerce Blvd, Athens, GA, 30606
$3,400,000
For Sale
$3,400,000
Industrial flex property with multiple suites, office buildouts, and dock-height loading with roll-up doors.
Property Size21,000 SF
Price / SF$161.90
Days on Market174
Property Features for 328 Commerce Blvd
General Information
- Standard status
- Active
- Size
- 21,000 SF
Listing agency
RE/MAX Living
(706) 614-8820
Listed by
Lynn Brogdon · License #298128
(706) 614-8820
Source
Exprealty
Added: Jan 29 Updated: Jul 22 at 3:50AM Checked: Jul 22 at 3:50AM
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 RE/MAX Living
Investment Insights
Based on property information with market context.
This multi-suite industrial flex building includes approximately 21,000 square feet of finished space, divided to support a variety of operational needs. Each suite is equipped with at least one roll-up door and dock-height loading area, along with finished office space featuring private offices, conference rooms, kitchenette/break rooms, and restrooms. The remaining warehouse area is designed to accommodate production, assembly, or storage, providing flexibility for different uses.
The property is set on a gated site with paved parking for employees and visitors. It is positioned on the west side of Athens with access to Hwy 316 and Loop 10, which connect Athens to the Atlanta metro area and the I-85 corridor.
Whether leased as separate suites or occupied as a single operation, the building’s combination of loading capability and office amenities supports both logistics and administrative functions within one facility.
The property is set on a gated site with paved parking for employees and visitors. It is positioned on the west side of Athens with access to Hwy 316 and Loop 10, which connect Athens to the Atlanta metro area and the I-85 corridor.
Whether leased as separate suites or occupied as a single operation, the building’s combination of loading capability and office amenities supports both logistics and administrative functions within one facility.
Key Highlights
- ~3.4‑acre industrial flex site with 21,000 SF of finished space in multiple suites
- Each suite includes roll‑up doors and dock‑height loading area for shipping and receiving
- Suite office buildouts with private offices, conference rooms, kitchenette/break rooms, and restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $453.6k | $21.60 |
| − Vacancy | −$91.2k | −$4.34 |
| EGI | $362.4k | $17.26 |
| − OpEx | −$90.6k | −$4.31 |
| NOI | $271.8k | $12.94 |
21,000 SF · lease $21.60/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
McGinn - Wilkins Automation
Factory
This n That
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex property with multiple suites, office buildouts, and dock-height loading with roll-up doors.
Where is this flex space located?
The property is located at 328 Commerce Blvd 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: ~3.4‑acre industrial flex site with 21,000 SF of finished space in multiple suites; Each suite includes roll‑up doors and dock‑height loading area for shipping and receiving; Suite office buildouts with private offices, conference rooms, kitchenette/break rooms, and restrooms
