Leased Flex and Warehouse
For Sale
Contact for pricing
5333 BELLS FRY RD, Acworth, GA 30102
For sale as a fully leased flex and warehouse setup, providing steady in-place occupancy for buyers.
Property Size19,536 SF
Price / SF$161.86
Days on Market65
Property Features for 5333 BELLS FRY RD
General Information
Standard status
Active
Size
19,536 SF
Class
B
Property subtype
Office, Industrial, Mixed Use
Zoning
LI
Occupancy
100%
Lease Type
NNN
Net Operating Income
$187,140
Building Details
Year Built
1995
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Lee & Associates - Atlanta
(404) 442-2828
Listed By:
Rick Tumlin · License #GA 146872
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 9 at 7:26AM
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 Lee & Associates - Atlanta
Investment Insights
Based on property information with market context.
This flex and warehouse property totals 19,536 SF and is presented for sale as 100% leased. The offering is structured around existing income-producing occupancy, with space configured to support flexible light industrial and warehouse-style operations.
The property is located at 5333 Bells Fry Rd in Acworth, Georgia. No additional details regarding unit mix, frontage, access features, or surrounding tenant composition are provided in the available information.
For buyers evaluating an owner-occupied or investment strategy, the key consideration here is the current tenancy status: 100% leased. Prospective purchasers and brokers can underwrite the asset based on in-place occupancy, and tenants can review the space type alignment with flex and warehouse needs. Further due diligence should be completed to confirm the tenant arrangement, lease terms, and the specific layout and condition of the individual spaces included in the 19,536 SF total.
The property is located at 5333 Bells Fry Rd in Acworth, Georgia. No additional details regarding unit mix, frontage, access features, or surrounding tenant composition are provided in the available information.
For buyers evaluating an owner-occupied or investment strategy, the key consideration here is the current tenancy status: 100% leased. Prospective purchasers and brokers can underwrite the asset based on in-place occupancy, and tenants can review the space type alignment with flex and warehouse needs. Further due diligence should be completed to confirm the tenant arrangement, lease terms, and the specific layout and condition of the individual spaces included in the 19,536 SF total.
Key Highlights
- 19,536 SF leased flex and warehouse building
- 100% leased with in‑place occupancy
- Built in 1995
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
$261,608
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
8.27%
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%
$5,232,160
$5.2M
Cap Rate 7%
$3,737,257
$3.7M
Cap Rate 9%
$2,906,756
$2.9M
Market Conditions
NOI Build-Up for 19,536 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
$466.3K $23.87/SF
− Vacancy
−$117.5K −$6.02/SF
EGI
$348.8K $17.85/SF
− OpEx
−$87.2K −$4.46/SF
NOI
$261.6K $13.39/SF
Area
Cherokee County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$5,232,160
Cap Rate 7%
$3,737,257
Cap Rate 9%
$2,906,756
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,608 @ 7.0% cap · market cap 8.27%
Second Best
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,411 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$5.49M
$4.80M – $6.40M
NOI $384,000 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30102, GA
43,463
Population
16,144
Households
2.7
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
31.4 sq mi
ZIP Area
1,384
Density / Sq Mi
$91,673
Median Household Income
$45,667
Median Earnings
$1,444
Median Rent
$292,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - For sale as a fully leased flex and warehouse setup, providing steady in-place occupancy for buyers.
Where is this flex space located?
The property is located at 5333 BELLS FRY RD Acworth, GA.
What is the asking price?
The asking price for this property is $3,162,000.
What are key features of this property?
This property features: 19,536 SF leased flex and warehouse building; 100% leased with in‑place occupancy; Built in 1995
