Flex Space with Loading
For Sale
Contact for pricing
4465 Commerce Circle SW, Atlanta, GA 30336
Industrial property combining warehouse capability, office areas, dock-high loading, and drive-in access.
Property Size17,500 SF
Price / SF$137.14
Days on Market16
Property Features for 4465 Commerce Circle SW
General Information
Standard status
Active
Size
17,500 SF
Total Parking Spaces
14
Property subtype
Industrial
Zoning
Heavy Industrial (M2)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1965
Year Renovated
2025
Buildings
1
Listing Agency:
Rise Property Group
Listed By:
Josh Yao · License #GA 410843
Source:
Crexi
Added: Jul 27
Changed: Aug 9
Last Checked: Aug 10 at 9:15AM
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 Rise Property Group
Investment Insights
Based on property information with market context.
This flex property contains 17,500 square feet of warehouse and office space within a Heavy Industrial (M2) zoning framework. The layout supports both operational and administrative functions, with dock-high loading and drive-in access for varied handling requirements. Built in 1965, the facility is configured for industrial and logistics-related use.
Located in southwest Atlanta, the property connects with regional distribution routes through I-20 and I-285. Its position near major transportation arteries supports access for service, logistics, and light industrial operations.
Located in southwest Atlanta, the property connects with regional distribution routes through I-20 and I-285. Its position near major transportation arteries supports access for service, logistics, and light industrial operations.
Key Highlights
- 17,500‑square‑foot flex property with warehouse and office areas
- Heavy Industrial (M2) zoning
- Dock‑high loading and drive‑in access
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
$173,901
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
7.25%
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%
$3,478,020
$3.5M
Cap Rate 7%
$2,484,300
$2.5M
Cap Rate 9%
$1,932,233
$1.9M
Market Conditions
NOI Build-Up for 17,500 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
$294.0K $16.80/SF
− Vacancy
−$26.5K −$1.51/SF
EGI
$267.5K $15.29/SF
− OpEx
−$93.6K −$5.35/SF
NOI
$173.9K $9.94/SF
Area
Atlanta, GA
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$3,478,020
Cap Rate 7%
$2,484,300
Cap Rate 9%
$1,932,233
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.91M
NOI $234,344 @ 7.0% cap · market cap 9.76%
Second Best
Flex RnD
$2.48M
$2.17M – $2.90M
NOI $173,901 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$4.89M
$4.28M – $5.71M
NOI $342,434 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30336, GA
1,338
Population
299
Households
4.5
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
10.2 sq mi
ZIP Area
131
Density / Sq Mi
$53,367
Median Household Income
$53,707
Median Earnings
$1,443
Median Rent
$344,200
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combining warehouse capability, office areas, dock-high loading, and drive-in access.
Where is this flex space located?
The property is located at 4465 Commerce Circle SW Atlanta, GA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 17,500‑square‑foot flex property with warehouse and office areas; Heavy Industrial (M2) zoning; Dock‑high loading and drive‑in access
