Flex Space with Industrial
New
For Sale
$1,750,000
367 N Clarendon Avenue, Scottdale, GA 30079
COMMERCIAL - Scottdale, GA
Property Size9,000 SF
Lot Size0.01 Acres
Price / SF$194.44
Days on Market7
Property Features for 367 N Clarendon Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking
30
Parking features
Parking Lot
Interior features
Beamed Ceilings, High Ceilings 10 or Greater
Fencing
Chain Link
Lot features
Corner Lot, Level
Directions
GPS
Standard status
Active
APN
18 009 35 001
Size
9,000 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3124
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Simple Showing, Inc.
(470) 946-6499
Listed By:
Fred McGill Jr · License #3254207
(404) 938-1450
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 12 at 3:06AM
MLS# 7817483
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,000-square-foot flex property contains 10 individual industrial and office condominium units, each arranged with a loft office, warehouse area, roll-up garage door, bathroom, and dedicated electrical panel and meter. The building was constructed in 2006 and features metal siding, a metal roof, concrete flooring, central heating, central air, and high ceilings. A shared water meter serves the building, with public water and public sewer available.
Located at 367 N Clarendon Avenue in Scottdale, the property is zoned C-2 and includes a parking lot enclosed in part by chain-link fencing. The building has been re-painted, and a section of the parking lot has been re-paved. The property also adjoins the Avondale walking trail.
The units are currently 90% occupied and may be parceled for individual sale. The configuration supports separate condominium-level electrical metering while retaining shared water service.
Located at 367 N Clarendon Avenue in Scottdale, the property is zoned C-2 and includes a parking lot enclosed in part by chain-link fencing. The building has been re-painted, and a section of the parking lot has been re-paved. The property also adjoins the Avondale walking trail.
The units are currently 90% occupied and may be parceled for individual sale. The configuration supports separate condominium-level electrical metering while retaining shared water service.
Key Highlights
- 9,000 SF flex building with 10 individual industrial/office condo units
- Each unit includes a loft office, warehouse floor, roll‑up garage door, bathroom, and dedicated electrical panel/meter
- Current occupancy is 90%
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,410,400
$2.4M
Cap Rate 7%
$1,721,714
$1.7M
Cap Rate 9%
$1,339,111
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$214.8K $23.87/SF
− Vacancy
−$54.1K −$6.02/SF
EGI
$160.7K $17.85/SF
− OpEx
−$40.2K −$4.46/SF
NOI
$120.5K $13.39/SF
Area
DeKalb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,410,400
Cap Rate 7%
$1,721,714
Cap Rate 9%
$1,339,111
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,520 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$943.8K
$825.9K – $1.10M
NOI $66,068 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,109 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30079, GA
3,696
Population
1,762
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
1.2 sq mi
ZIP Area
3,080
Density / Sq Mi
$70,833
Median Household Income
$45,509
Median Earnings
$1,094
Median Rent
$280,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-unit commercial property with warehouse areas, loft offices, roll-up doors, and dedicated electrical service.
Where is this flex space located?
The property is located at 367 N Clarendon Avenue Scottdale, GA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 9,000 SF flex building with 10 individual industrial/office condo units; Each unit includes a loft office, warehouse floor, roll‑up garage door, bathroom, and dedicated electrical panel/meter; Current occupancy is 90%
