Flex Space With Loading
4037 Highway 5, Douglasville, GA 30135
For Sale
$1,600,000
Two-building property combines front office space, rear warehouse capacity, loading access, and extensive on-site parking.
Property Size12,000 SF
Price / SF$133.33
Days on Market95
Property Features for 4037 Highway 5
General Information
Standard status
Size
Additional Details
Business Included
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Lawson Realty, Inc.
Listed By:
Edward Lawson · License GA #102397
(770) 377-3253
Source:
Mcandrewsnelsonrealestate
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 2:01PM
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 Lawson Realty, Inc.
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Investment Insights
Based on property information with market context.
This flex property comprises two buildings with a combined 12,000 square feet. Office space occupies the front portion, while warehouse space is positioned at the rear and includes a loading dock. The improvements date to 1984 and are supported by a large parking area.
The offering also includes the gutter business, related materials, four vehicles, and a forklift. Located at 4037 Highway 5 in Douglasville, Georgia, the property combines office, warehouse, loading, parking, and operational assets in one package.
The offering also includes the gutter business, related materials, four vehicles, and a forklift. Located at 4037 Highway 5 in Douglasville, Georgia, the property combines office, warehouse, loading, parking, and operational assets in one package.
Key Highlights
- Two buildings totaling 12,000 sq. ft.
- Front office space paired with a rear warehouse
- Rear warehouse includes a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,090
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,761,800
$1.8M
Cap Rate 7%
$1,258,429
$1.3M
Cap Rate 9%
$978,778
$978.8K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$113.8K $9.48/SF
− Vacancy
−$10.1K −$0.84/SF
EGI
$103.6K $8.64/SF
− OpEx
−$15.5K −$1.30/SF
NOI
$88.1K $7.34/SF
Area
Douglas 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%
$1,761,800
Cap Rate 7%
$1,258,429
Cap Rate 9%
$978,778
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,725 @ 7.0% cap · market cap 11.11%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,126 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 30135, GA
67,508
Population
23,823
Households
2.8
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
83.6 sq mi
ZIP Area
808
Density / Sq Mi
$92,991
Median Household Income
$48,265
Median Earnings
$1,550
Median Rent
$277,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two-building property combines front office space, rear warehouse capacity, loading access, and extensive on-site parking.
Where is this flex space located?
The property is located at 4037 Highway 5 Douglasville, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two buildings totaling 12,000 sq. ft.; Front office space paired with a rear warehouse; Rear warehouse includes a loading dock
