Building Details

Year Built 2003

Buildings 1

Building Size 11,120 SF

Listing Agency: Iris Inc Realty

Listed By: Jake Willcox · License #402642 Show Phone

Source: Findnorthcarolinaproperties

Added: Sep 18 Changed: Oct 1 Last Checked: Oct 5 at 7:10PM

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Investment Insights

Based on property information with market context.

This mixed-use industrial property contains 11,120 square feet across office and warehouse areas on approximately 2.5 acres. The 5,000-square-foot office section includes a meeting room, foyer, seven private offices, two bathrooms, a break room, mezzanine storage and a pull-through unloading area with roll-up doors. The 6,120-square-foot industrial area has two roll-up doors, storage, a ventilated painting area and two workers’ restrooms. A loading dock and established three-phase power are also in place.

Built in 2003, the property is located on Hwy 98 E in Comer, Georgia. The sale is subject to Madison County split approval and completion of a new survey. Additional building and acreage are available.

Key Highlights

• 11,120 square feet of total building area on approximately 2.5 acres
• 5,000‑square‑foot office area with seven offices, meeting room, foyer, break room and mezzanine storage
• 6,120‑square‑foot industrial area with storage and a ventilated painting area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$132,106

Cap Rate

8.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,642,120 $2.6M

Cap Rate 7%

$1,887,229 $1.9M

Cap Rate 9%

$1,467,844 $1.5M

Market Conditions

NOI Build-Up for 11,120 SF

Gross rent

$240.2K $21.60/SF

− Vacancy

−$28.8K −$2.59/SF

EGI

$211.4K $19.01/SF

− OpEx

−$79.3K −$7.13/SF

NOI

$132.1K $11.88/SF

Area

Madison County, GA

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,642,120

Cap Rate 7%

$1,887,229

Cap Rate 9%

$1,467,844

Alternative Uses

Best Use

Mixed Use

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,106 @ 7.0% cap · market cap 8.81%

Second Best

Warehouse

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,630 @ 7.0% cap · market cap 5.45%

Theoretical Best

Office A

$2.68M

$2.35M – $3.13M (±1% cap)

NOI $187,649 @ 7.0% cap · market cap 12.52%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Electrical Service

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

28

Businesses Nearby

Explore this area Business Placement

Demographics for 30629, GA

4,950

Population

1,975

Households

2.5

Avg Household Size

41

Median Age

26%

College-Educated

79%

High-School Grad

74.4 sq mi

ZIP Area

67

Density / Sq Mi

$58,806

Median Household Income

$36,934

Median Earnings

$911

Median Rent

$173,600

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

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - A substantial office component complements the industrial area, with loading and three-phase power supporting day-to-day operations.

Where is this mixed-use property located?

The property is located at 4900a Hwy 98 E Comer, GA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: 11,120 square feet of total building area on approximately 2.5 acres; 5,000‑square‑foot office area with seven offices, meeting room, foyer, break room and mezzanine storage; 6,120‑square‑foot industrial area with storage and a ventilated painting area