Building Details

Year Built 2001

Year Renovated 2008

Listing Agency: Powell Property Group, Inc.

Listed By: Dennis Powell Show Phone

Source: Crexi

Added: Apr 27 Changed: Oct 15 Last Checked: Oct 19 at 7:14AM

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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 Powell Property Group, Inc.

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Investment Insights

Based on property information with market context.

This property consists of a 7,070 sf office/warehouse flex building offered for sale on 1.61 acres. The site supports a combined workplace and warehouse configuration, suitable for users needing both office space and enclosed operational area in one building.

The building is located in Forsyth County and presented as an office/warehouse offering within the broader flex space and industrial real estate category.

The information provided does not detail unit layout, interior features, or additional building improvements beyond the office/warehouse use and overall size.

Key Highlights

• 7,070 SF office/warehouse building for sale on 1.61 acres
• Year built: 2001
• Located in Forsyth County

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,900

Cap Rate

2.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,000 $1.0M

Cap Rate 7%

$741,429 $741.4K

Cap Rate 9%

$576,667 $576.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,070 SF

Gross rent

$67.0K $9.48/SF

− Vacancy

−$6.0K −$0.84/SF

EGI

$61.1K $8.64/SF

− OpEx

−$9.2K −$1.30/SF

NOI

$51.9K $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%

$1,038,000

Cap Rate 7%

$741,429

Cap Rate 9%

$576,667

Alternative Uses

Best Use

Warehouse

$741.4K

$648.8K – $865.0K (±1% cap)

NOI $51,900 @ 7.0% cap · market cap 2.81%

Second Best

Industrial

$615.3K

$538.4K – $717.8K (±1% cap)

NOI $43,069 @ 7.0% cap · market cap 2.33%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,343 @ 7.0% cap · market cap 7.48%

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

Property Analytics

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Current Use

Beacon Communities, Inc. Nursing Home Johnston & Associates Inc Accounting Firm

Suggested Use

Top Pick Law Firm Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30041, GA

72,489

Population

27,027

Households

2.7

Avg Household Size

40

Median Age

60%

College-Educated

95%

High-School Grad

59.7 sq mi

ZIP Area

1,214

Density / Sq Mi

$141,825

Median Household Income

$69,096

Median Earnings

$1,862

Median Rent

$522,900

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

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Frequently Asked Questions

What type of property is this?

Flex space - For sale 7,070 sf office/warehouse on 1.61 acres in Forsyth County.

Where is this flex space located?

The property is located at 5035 Wallace Drive Cumming, GA.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: 7,070 SF office/warehouse building for sale on 1.61 acres; Year built: 2001; Located in Forsyth County