Zoned C3 Industrial Flex
For Sale
$799,000
Pending
537 Industrial Blvd, McDonough, GA 30253
Level, fenced and paved flex/office building with covered dock area and dedicated office space.
Property Size5,702 SF
Days on Market60
Property Features for 537 Industrial Blvd
General Information
Standard status
Pending
Size
5,702 SF
Taxes and HOA fees
Annual Taxes
$8,590
Listing Agency:
RE/MAX SOUTHERN
(770) 616-6817
Listed By:
Rhonda Ross · License #179111
(770) 616-6817
Source:
Exprealty
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 19 at 2:32PM
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 RE/MAX SOUTHERN
Investment Insights
Based on property information with market context.
This property consists of a 5,702-square-foot office building with an office layout that includes five to six offices, bathrooms, and a conference area. In addition to the office space, there is a covered dock area and a smaller office area toward the back. The site is described as very level, fenced, and paved, offering a straightforward setup for day-to-day operations.
The building backs up to I-75 and provides frontage on Industrial Blvd, with visibility noted from the roadway. The property is located in McDonough, Georgia, and is served by a setting tailored to industrial and flex-type uses.
For buyers considering an owner-occupant or business-operator model, the combination of office improvements and a covered dock area supports in-house administration and logistics functions. The zoning is listed as C3, and the property is positioned for those looking to either update the existing structure or develop a plan for their own business needs. Appointments are required; please do not disturb the current business.
The building backs up to I-75 and provides frontage on Industrial Blvd, with visibility noted from the roadway. The property is located in McDonough, Georgia, and is served by a setting tailored to industrial and flex-type uses.
For buyers considering an owner-occupant or business-operator model, the combination of office improvements and a covered dock area supports in-house administration and logistics functions. The zoning is listed as C3, and the property is positioned for those looking to either update the existing structure or develop a plan for their own business needs. Appointments are required; please do not disturb the current business.
Key Highlights
- 5,700 SF office building with 5–6 offices, bathrooms, and a conference area
- Level site that is fenced and paved, with frontage on Industrial Blvd
- Covered dock area plus a small office area at the back of the building
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
$34,736
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
4.35%
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%
$694,720
$694.7K
Cap Rate 7%
$496,229
$496.2K
Cap Rate 9%
$385,956
$386.0K
Market Conditions
NOI Build-Up for 5,702 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
$54.1K $9.48/SF
− Vacancy
−$4.4K −$0.78/SF
EGI
$49.6K $8.70/SF
− OpEx
−$14.9K −$2.61/SF
NOI
$34.7K $6.09/SF
Area
Henry County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$694,720
Cap Rate 7%
$496,229
Cap Rate 9%
$385,956
Alternative Uses
Best Use
Office B
$1.09M
$954.5K – $1.27M
NOI $76,356 @ 7.0% cap · market cap 9.56%
Second Best
Industrial
$496.2K
$434.2K – $578.9K
NOI $34,736 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,575 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
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 - Level, fenced and paved flex/office building with covered dock area and dedicated office space.
Where is this flex space located?
The property is located at 537 Industrial Blvd McDonough, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,700 SF office building with 5–6 offices, bathrooms, and a conference area; Level site that is fenced and paved, with frontage on Industrial Blvd; Covered dock area plus a small office area at the back of the building
