3640 Hewatt Court, Snellville, GA 30039

Building Details

Building Size 5,000 SF More

Listed By: Avani Patel · License #449578 Show Phone

Source: Kingindustrial

Added: Jul 30 Changed: Nov 3 Last Checked: Nov 8 at 2:23AM

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Investment Insights

Based on property information with market context.

Flex space with a total of 5,000± SF, including 950± SF warehouse area and mezzanine storage above the office area. The office portion is laid out with 12 offices, two breakrooms, and two conference rooms, plus a reception area and customer lounge. Warehouse features include grade level drive-in doors sized 12' x 12' and an 18' ceiling height. On the power side, the space has 200 amps and 120/240 volts. HVAC is provided by three HVAC units.

For day-to-day operations, there is fenced outside storage. The property is located at 3640 Hewatt Court in Snellville, GA 30039.

Key Highlights

• Total 5,000± SF flex space with 950± SF warehouse plus mezzanine storage above the office
• 12 offices, two breakrooms, and two conference rooms with reception and customer lounge
• Grade level drive‑in doors sized 12' x 12'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,704

Cap Rate

3.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,080 $734.1K

Cap Rate 7%

$524,343 $524.3K

Cap Rate 9%

$407,822 $407.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$47.4K $9.48/SF

− Vacancy

−$4.2K −$0.84/SF

EGI

$43.2K $8.64/SF

− OpEx

−$6.5K −$1.30/SF

NOI

$36.7K $7.34/SF

Area

Gwinnett 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%

$734,080

Cap Rate 7%

$524,343

Cap Rate 9%

$407,822

Alternative Uses

Best Use

Warehouse

$524.3K

$458.8K – $611.7K (±1% cap)

NOI $36,704 @ 7.0% cap · market cap 3.76%

Second Best

Industrial

$435.1K

$380.7K – $507.7K (±1% cap)

NOI $30,459 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,838 @ 7.0% cap · market cap 10.03%

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

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Restaurant Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

384

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 30039, GA

48,933

Population

16,463

Households

3

Avg Household Size

37

Median Age

36%

College-Educated

92%

High-School Grad

25.3 sq mi

ZIP Area

1,934

Density / Sq Mi

$90,500

Median Household Income

$42,449

Median Earnings

$1,850

Median Rent

$274,900

Median Home Value

Market

Average Price Trend$/SF for Flex space in Gwinnett County, GA

$222 Jul

$223 Aug

$196 Sep

$194 Oct

Properties on Market for Flex space in Gwinnett County

Jul

Aug

Sep

Oct

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 - Flex space with grade-level drive-in warehouse doors, mezzanine storage, and office space with breakrooms and conference rooms.

Where is this flex space located?

The property is located at 3640 Hewatt Court Snellville, GA.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Total 5,000± SF flex space with 950± SF warehouse plus mezzanine storage above the office; 12 offices, two breakrooms, and two conference rooms with reception and customer lounge; Grade level drive‑in doors sized 12' x 12'