Office Warehouse Flex
For Sale
Contact for pricing
5035 Wallace Drive, Cumming, GA 30041
For sale 7,070 sf office/warehouse on 1.61 acres in Forsyth County.
Property Size7,070 SF
Lot Size1.61 Acres
Price / SF$261.67
Days on Market131
Property Features for 5035 Wallace Drive
General Information
Standard status
Active
Size
7,070 SF
Lot size
1.61 Acres
Property subtype
Office, Industrial
Zoning
M1
Building Details
Year Built
2001
Year Renovated
2008
Listing Agency:
Powell Property Group, Inc.
Listed By:
Dennis Powell
(706) 219-2190
Source:
Crexi
Added: Apr 27
Changed: Aug 24
Last Checked: Sep 4 at 8:51AM
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.
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.
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 = 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
$51,900
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
2.81%
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%
$1,038,000
$1.0M
Cap Rate 7%
$741,429
$741.4K
Cap Rate 9%
$576,667
$576.7K
Market Conditions
NOI Build-Up for 7,070 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
$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 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%
$1,038,000
Cap Rate 7%
$741,429
Cap Rate 9%
$576,667
Alternative Uses
Best Use
Warehouse
$741.4K
$648.8K – $865.0K
NOI $51,900 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$615.3K
$538.4K – $717.8K
NOI $43,069 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,343 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
