Building Details

Building Size 6,711 SF

Year Built 1947

Buildings 2

Listed By: Wilson Covington, SIOR Show Phone

Source: Kingindustrial

Added: Oct 23 Last Checked: Oct 23 at 4:10PM

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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 Wilson Covington, SIOR

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Investment Insights

Based on property information with market context.

The 6,711± SF property includes two buildings on 0.60± acres. One building contains 1,800± SF of office area and a 1,200± SF shop; a separate freestanding warehouse provides 3,800± SF. The buildings date to 1947, and the site is zoned GC (General Commercial).

The property has six large drive-in doors and approximately 14' of clear height. Atlanta Rd SE carries a reported traffic count of 24,000± CPD.

Key Highlights

• Two buildings totaling 6,711± SF on 0.60± acres
• 1,800± SF of office space with a 1,200± SF shop
• Freestanding warehouse with 3,800± SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,264

Cap Rate

3.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,280 $985.3K

Cap Rate 7%

$703,771 $703.8K

Cap Rate 9%

$547,378 $547.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,711 SF

Gross rent

$63.6K $9.48/SF

− Vacancy

−$5.7K −$0.84/SF

EGI

$58.0K $8.64/SF

− OpEx

−$8.7K −$1.30/SF

NOI

$49.3K $7.34/SF

Area

Cobb County, GA

Vacancy

8.90%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,280

Cap Rate 7%

$703,771

Cap Rate 9%

$547,378

Alternative Uses

Best Use

Warehouse

$703.8K

$615.8K – $821.1K (±1% cap)

NOI $49,264 @ 7.0% cap · market cap 3.28%

Second Best

Industrial

$584.0K

$511.0K – $681.4K (±1% cap)

NOI $40,882 @ 7.0% cap · market cap 2.73%

Theoretical Best

Office A

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,911 @ 7.0% cap · market cap 8.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial Signs Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Dental Office Building Supply Spa & Massage Center Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

6

Drive-in doors

Location Intelligence

Trade Area within ½ mile

731

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 30080, GA

52,125

Population

27,081

Households

1.9

Avg Household Size

35

Median Age

58%

College-Educated

94%

High-School Grad

12.6 sq mi

ZIP Area

4,137

Density / Sq Mi

$87,949

Median Household Income

$59,267

Median Earnings

$1,660

Median Rent

$409,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two buildings combine office, shop, and freestanding warehouse space with drive-in access.

Where is this flex space located?

The property is located at 3548 Atlanta Rd SE Smyrna, GA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Two buildings totaling 6,711± SF on 0.60± acres; 1,800± SF of office space with a 1,200± SF shop; Freestanding warehouse with 3,800± SF