Flex Space With Loading
New
For Sale
$1,600,000
4037 Highway 5, Douglasville, GA 30135
Two-building property combines front office space, rear warehouse capacity, loading access, and extensive on-site parking.
Property Size1,984 SF
Price / SF$133.33
Days on Market6
Property Features for 4037 Highway 5
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Other
Additional Details
Business Included
Yes
Amenities
1.66 acres, Corner Lot
Annual Amount: $4,515, Year: 2025
Central Air
Central
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-05
Parking Lot, Paved
Built in 1984, Aluminum Siding
County: Douglas
Resale
Cable Available, Electricity Available, Water Available, Public
Close Of Escrow, Negotiable
Building Details
Building Size
1,984 SF
Year Built
1984
Buildings
2
Listing Agency:
Lawson Realty, Inc.
(770) 377-3253
Listed By:
Edward Lawson
(770) 377-3253
Source:
Blackstreaminternational
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 2:25PM
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.
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 = 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
$88,090
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
5.51%
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%
$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
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
$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 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%
$1,761,800
Cap Rate 7%
$1,258,429
Cap Rate 9%
$978,778
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.68M
NOI $160,693 @ 7.0% cap · market cap 10.04%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$3.35M
$2.94M – $3.91M
NOI $234,812 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
