Flex Space With Retail
For Sale
$1,500,000
4625 Canton Highway, Cumming, GA 30040
Commercial Sale, Cumming, GA
Property Size12,000 SF
Lot Size0.46 Acres
Price / SF$125
Days on Market189
Property Features for 4625 Canton Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Parking
10
Parking features
Parking Lot, On Street
Window features
Display Window(s)
Interior features
Beamed Ceilings, High Ceilings 10 or Greater, Reception Area, Restrooms
Lot features
Level
Directions
On Highway Canton across from Cumming Storeage Units and next to the Stone Center
Standard status
Active
APN
009 325
Size
12,000 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2256
Utilities
Utilities
Water Available
Building Details
Year built
1955
Floors in Building
1
Flooring type
Concrete
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Real Broker, LLC.
(855) 450-0442
Listed By:
Brian Powell
(470) 409-1476
Added: Mar 11
Changed: Sep 14
Last Checked: Sep 15 at 8:06AM
MLS# 7732734
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property at 4625 Canton Highway combines two front-facing storefronts with a substantial rear warehouse area. One storefront is occupied, while the second provides additional commercial space. The building includes reception and restroom areas, beamed ceilings, ceilings measuring 10 feet or greater, concrete flooring, aluminum siding, and a metal roof. Some renovation work is needed.
The property encompasses 0.46 acres within the CBD zoning district and includes a double-sided billboard. Parking is provided through an on-site lot and on-street spaces, with direct exposure to Canton Highway. Water is available, and the building dates to 1955. Its configuration supports a range of flex-space, retail, storage, and service-oriented operations without assigning a specific permitted use beyond the stated zoning.
The property encompasses 0.46 acres within the CBD zoning district and includes a double-sided billboard. Parking is provided through an on-site lot and on-street spaces, with direct exposure to Canton Highway. Water is available, and the building dates to 1955. Its configuration supports a range of flex-space, retail, storage, and service-oriented operations without assigning a specific permitted use beyond the stated zoning.
Key Highlights
- Two front‑facing commercial storefronts along Canton Highway
- Rear warehouse area integrated with the storefront configuration
- Double‑sided billboard included with the property
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
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Open Analytics
Current Use
Lease Details
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building with two storefronts, warehouse space, a billboard, and water availability.
Where is this flex space located?
The property is located at 4625 Canton Highway 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: Two front‑facing commercial storefronts along Canton Highway; Rear warehouse area integrated with the storefront configuration; Double‑sided billboard included with the property
