Multi-Building Mixed-Use
5221 N Lake Drive, Morrow, GA 30260
For Sale
New
$4,000,000
Office and warehouse suites combine with existing tenant occupancy and five EV charging stations.
Property Size12,520 SF
Lot Size1.98 Acres
Price / SF$319.49
Days on Market2
Property Features for 5221 N Lake Drive
General Information
Standard status
Size
Lot size
Additional Details
Asking Price
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
EV charging stations
true
Other
Square Feet
Level
Public
1.948
Public Records
Paved
12520
3
Building Details
Building Size
Year Built
Listing Agency:
eXp Commercial
Listed By:
Danesha Ritzberg
(404) 853-8619
Source:
Srasignaturerealty
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:03AM
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 eXp Commercial
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Investment Insights
Based on property information with market context.
This renovated, multi-building commercial property in Morrow combines office and warehouse suites across an industrial and office campus. The 12,520-square-foot property, built in 1984, has updated electrical systems and appliances, along with five EV charging stations and dedicated electrical infrastructure. Existing tenants occupy some suites, with additional space available for lease-up.
Located at 5221 N Lake Drive, the property sits on a level site with paved access. Its mix of office and warehouse space supports a range of commercial operations, while the EV charging infrastructure is an additional on-site feature.
Located at 5221 N Lake Drive, the property sits on a level site with paved access. Its mix of office and warehouse space supports a range of commercial operations, while the EV charging infrastructure is an additional on-site feature.
Key Highlights
- 12,520‑square‑foot multi‑building office and warehouse campus
- Five EV charging stations with dedicated electrical infrastructure
- Existing tenants in office and warehouse suites, with additional lease‑up opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,606
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,120
$2.9M
Cap Rate 7%
$2,065,800
$2.1M
Cap Rate 9%
$1,606,733
$1.6M
Market Conditions
NOI Build-Up for 12,520 SF
Gross rent
$262.9K $21.00/SF
− Vacancy
−$31.6K −$2.52/SF
EGI
$231.4K $18.48/SF
− OpEx
−$86.8K −$6.93/SF
NOI
$144.6K $11.55/SF
Area
Clayton County, GA
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,120
Cap Rate 7%
$2,065,800
Cap Rate 9%
$1,606,733
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.41M
NOI $144,606 @ 7.0% cap · market cap 3.62%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,907 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,987 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
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Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse suites combine with existing tenant occupancy and five EV charging stations.
Where is this mixed-use property located?
The property is located at 5221 N Lake Drive Morrow, GA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 12,520‑square‑foot multi‑building office and warehouse campus; Five EV charging stations with dedicated electrical infrastructure; Existing tenants in office and warehouse suites, with additional lease‑up opportunity
