Building Details

Year Built 1955

Listing Agency: Real Broker, LLC.

Listed By: Brian Powell Show Phone

Source: Lemoineteam

Added: Jul 23 Changed: Oct 2 Last Checked: Oct 7 at 3:15PM

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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.

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 / Yr

$88,090

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $168,785 @ 7.0% cap · market cap 11.25%

Second Best

Warehouse

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,090 @ 7.0% cap · market cap 5.87%

Theoretical Best

Office A

$3.35M

$2.94M – $3.91M (±1% cap)

NOI $234,812 @ 7.0% cap · market cap 15.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Ace Custom Cabinets General Contractor Gods House of Prayer Church Varesi & Son Upholstery Furniture & Home Goods County Line General ... Grocery & Convenience Store Ace Custom Designs General Contractor

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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