Office Warehouse Flex
5035 Wallace Drive Cumming, GA 30041
5035 Wallace Drive, Cumming, GA, 30041
Contact for pricing
For Sale
Contact for pricing
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 Market86
Property Features for 5035 Wallace Drive
General Information
- Standard status
- Active
- Size
- 7,070 SF
- Lot size
- 1.61 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 2001
Listing agency
Powell Property Group, Inc.
(706) 219-2190
Listed by
Dennis Powell
Source
Crexi
Added: Apr 27 Updated: Jul 20 at 9:13PM Checked: Jul 21 at 3:58AM
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.8k | $23.87 |
| − Vacancy | −$42.5k | −$6.02 |
| EGI | $126.2k | $17.85 |
| − OpEx | −$31.6k | −$4.46 |
| NOI | $94.7k | $13.39 |
7,070 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,675 @ 7.0% cap · market cap 5.12%
Second Best
Warehouse
$741.4K
$648.8K – $865.0K
NOI $51,900 @ 7.0% cap · market cap 2.81%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Beacon Communities, Inc.
Nursing Home
Johnston & Associates Inc
Accounting Firm
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FAQs
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
