Flex Warehouse
403 Matthews School Rd Winder, GA 30680
403 Matthews School Rd, Winder, GA, 30680
$1,500,000
For Sale
$1,500,000
Free-standing building divided into two suites, each with office space and drive-in doors, plus outside storage.
Property Size6,000 SF
Price / SF$250
Days on Market20
Property Features for 403 Matthews School Rd
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2004
Listing agency
(770) 601-5451
Listed by
Jason McCart, SIOR
Source
Kingindustrial
Added: Jul 3 Updated: Jul 22 at 3:12AM Checked: Jul 22 at 3:12AM
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 Jason McCart, SIOR
Investment Insights
Based on property information with market context.
This free-standing flex/warehouse building is divided into two suites. Suite A offers approximately 3,000± SF total space with about 675± SF of office space, along with (2) 12' x 12' drive-in doors, an open showroom area, and one private office. Suite B provides approximately 3,000± SF total space including about 2,000± SF of office space, a 12' x 12' drive-in door, four private offices, three restrooms, and a break area. A small warehouse with a parts room and storage mezzanine is also included, with outside storage on 1.5± acres.
The property is zoned M-1 (Barrow County) and is described as being on septic.
The property is zoned M-1 (Barrow County) and is described as being on septic.
Key Highlights
- Free‑standing 2004 building divided into 2 suites, each with office space and drive‑in doors
- Suite A includes 3,000± SF with 675± SF office space and (2) 12' x 12' drive‑in doors plus open showroom
- Suite B offers 3,000± SF with 2,000± SF office space, (1) 12' x 12' drive‑in door, and 4 private offices
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 | $143.2k | $23.87 |
| − Vacancy | −$36.1k | −$6.02 |
| EGI | $107.1k | $17.85 |
| − OpEx | −$26.8k | −$4.46 |
| NOI | $80.3k | $13.39 |
6,000 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,346 @ 7.0% cap · market cap 5.36%
Second Best
Warehouse
$629.2K
$550.6K – $734.1K
NOI $44,045 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,406 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Free-standing building divided into two suites, each with office space and drive-in doors, plus outside storage.
Where is this flex space located?
The property is located at 403 Matthews School Rd Winder, 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: Free‑standing 2004 building divided into 2 suites, each with office space and drive‑in doors; Suite A includes 3,000± SF with 675± SF office space and (2) 12' x 12' drive‑in doors plus open showroom; Suite B offers 3,000± SF with 2,000± SF office space, (1) 12' x 12' drive‑in door, and 4 private offices
