Flex Space with Highway
For Sale
$1,500,000
4625 Canton Highway B, Cumming, GA 30040
Versatile commercial property with two storefronts, warehouse space, and a double-sided billboard.
Property Size12,000 SF
Price / SF$125
Days on Market38
Property Features for 4625 Canton Highway B
General Information
Standard status
Active
Size
12,000 SF
Property Condition
Severity
Repairs Needed
Evidence
Some renovations are needed
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
double-sided billboard
Building Details
Year Built
1955
Listing Agency:
Real Broker, LLC.
(470) 409-1476
Listed By:
Brian Powell
Source:
Lemoineteam
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 28 at 8:37PM
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 Real Broker, LLC.
Investment Insights
Based on property information with market context.
Built in 1955, this flex property combines two front-facing commercial storefronts with a substantial rear warehouse area. One storefront is occupied, while the second provides additional space for an owner-user or tenant. The building requires some renovation, giving the next owner flexibility to adapt the improvements for commercial, industrial, distribution, or service-oriented operations.
Located at 4625 Canton Highway B in Cumming, the property benefits from direct highway exposure and includes a double-sided billboard. The building and its access and parking are described as unaffected by planned Canton Highway widening because of the adjacent church property. The property contains approximately 12,000 square feet of total building space.
Located at 4625 Canton Highway B in Cumming, the property benefits from direct highway exposure and includes a double-sided billboard. The building and its access and parking are described as unaffected by planned Canton Highway widening because of the adjacent church property. The property contains approximately 12,000 square feet of total building space.
Key Highlights
- Approximately 12,000 square feet of total building space
- Two front‑facing storefronts with direct Canton Highway exposure
- Rear warehouse area suited to storage and operational use
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
5.87%
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
Forsyth 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
Retail
$2.41M
$2.11M – $2.81M
NOI $168,785 @ 7.0% cap · market cap 11.25%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.35M
$2.94M – $3.91M
NOI $234,812 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30040, GA
81,191
Population
27,642
Households
2.9
Avg Household Size
38
Median Age
55%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
1,407
Density / Sq Mi
$133,028
Median Household Income
$60,926
Median Earnings
$1,883
Median Rent
$474,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with two storefronts, warehouse space, and a double-sided billboard.
Where is this flex space located?
The property is located at 4625 Canton Highway B Cumming, 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: Approximately 12,000 square feet of total building space; Two front‑facing storefronts with direct Canton Highway exposure; Rear warehouse area suited to storage and operational use
