Flex Space with Drive-In
For Sale
$494,000
450 S Cemetery Street Unit 203, Norcross, GA 30071
The office-and-warehouse configuration includes three-phase power and a roll-up door for vehicle access.
Property Size2,148 SF
Price / SF$229.98
Days on Market36
Property Features for 450 S Cemetery Street Unit 203
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
1,579 SF
Office Build-Out
569 SF
Mezzanine
569 SF
Drive-In Doors
1
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Property Use
Office-Warehouse
Taxes and HOA fees
Annual Taxes
$4,336
Building Details
Building Size
2,148 SF
Year Built
1997
Listing Agency:
Artisan Haus Real Estate
Listed By:
Andrei Leon · License #347306
(678) 439-9346
Source:
Artisanhaus
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 3:08PM
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 Artisan Haus Real Estate
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Investment Insights
Based on property information with market context.
This 2,148-square-foot flex condominium combines 569 square feet of office area with 1,579 square feet of warehouse space. A 569-square-foot mezzanine sits above the office. Warehouse features include 17-18-foot ceilings, 3-phase power, and a drive-in roll-up door. The property was built in 1997 and is zoned industrial.
The unit is in Fairmont Woods industrial park, within Norcross in Gwinnett County, Georgia. Buford Highway, I-85, and I-285 are nearby. The condominium association maintains shared areas, exterior lighting, the roof, structural and exterior components, and the grounds; water and trash service are also covered.
The unit is in Fairmont Woods industrial park, within Norcross in Gwinnett County, Georgia. Buford Highway, I-85, and I-285 are nearby. The condominium association maintains shared areas, exterior lighting, the roof, structural and exterior components, and the grounds; water and trash service are also covered.
Key Highlights
- 2,148‑square‑foot office‑warehouse unit
- 569 square feet of office space and 1,579 square feet of warehouse space
- 569‑square‑foot mezzanine above the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,768
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,360
$315.4K
Cap Rate 7%
$225,257
$225.3K
Cap Rate 9%
$175,200
$175.2K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$20.4K $9.48/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$18.6K $8.64/SF
− OpEx
−$2.8K −$1.30/SF
NOI
$15.8K $7.34/SF
Area
Gwinnett 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%
$315,360
Cap Rate 7%
$225,257
Cap Rate 9%
$175,200
Alternative Uses
Best Use
Warehouse
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$186.9K
$163.6K – $218.1K
NOI $13,085 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- The Atrium — 139 N Norcross Tucker Rd, Norcross, GA 30071
- A Divine Event — 539 S Peachtree St, Norcross, GA 30071
- Tucker's Catering — 350 W Peachtree St #106, Norcross, GA 30071
- Parties Galore Inc — Norcross, GA 30003
Frequently Asked Questions
What type of property is this?
Flex space - The office-and-warehouse configuration includes three-phase power and a roll-up door for vehicle access.
Where is this flex space located?
The property is located at 450 S Cemetery Street Unit 203 Norcross, GA.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: 2,148‑square‑foot office‑warehouse unit; 569 square feet of office space and 1,579 square feet of warehouse space; 569‑square‑foot mezzanine above the office
