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Commerce Park Flex/Industrial Building
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550 Commerce Park Drive, Marietta, GA 30060

15,250 SF flex/industrial building with high-quality office space.

Property Size15,250 SF
Price / SF$170.16
Days on Market72

Property Features for 550 Commerce Park Drive

General Information

Standard status Active
Size 15,250 SF
Property subtype Industrial, Office
Listing Agency: McWhirter Realty Partners LLC
Listed By: Peyton McWhirter, SIOR · License #GA 207691
Source: Crexi
Added: May 26 Changed: Jul 10 Last Checked: Aug 3 at 3:37PM

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 McWhirter Realty Partners LLC

Investment Insights

Based on property information with market context.

This 15,250 SF flex/industrial building is located in Commerce Park at 550 Commerce Park Drive, Marietta, GA 30060. The property features 10,110 SF of high-quality office space, suitable for office-intensive industrial or owner-user operations. Acoustical dropped ceilings are installed throughout the office areas, providing a finished environment. The building's loading configuration includes one 10' x 14' drive-in door and one dock-high door. It has an electrical capacity of 120/208V, 3-phase, 4-wire service with an 800 AMP main, making it suitable for light industrial uses. The property is located within a Military Job Tax Credit Zone, offering potential tax incentives to qualifying businesses.

Key Highlights

  • 15,250 SF Flex / Industrial Building in Commerce Park.
  • 10,110 SF of high‑quality office space, ideal for office‑intensive industrial or owner‑user operations.
  • Located within a Military Job Tax Credit Zone, offering potential tax incentives.

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 $364.0k $23.87
− Vacancy −$91.7k −$6.02
EGI $272.3k $17.85
− OpEx −$68.1k −$4.46
NOI $204.2k $13.39
15,250 SF · lease $23.87/SF/yr · vacancy 25.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.92M
$2.55M – $3.40M (±1% cap)
NOI $204,214 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$1.60M
$1.40M – $1.87M (±1% cap)
NOI $111,948 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$4.28M
$3.75M – $5.00M (±1% cap)
NOI $299,754 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

JAMWorkx Studios Recording Studio Level 3 Associates Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Catering Service Pet Grooming Service Acupuncture Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby
Under-served
Demand for This Use

Demographics for 30060, GA

39,890
Population
15,036
Households
2.7
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
15.5 sq mi
ZIP Area
2,574
Density / Sq Mi
$62,180
Median Household Income
$34,537
Median Earnings
$1,344
Median Rent
$282,200
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - 15,250 SF flex/industrial building with high-quality office space.
Where is this flex space located?
The property is located at 550 Commerce Park Drive Marietta, GA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 15,250 SF Flex / Industrial Building in Commerce Park.; 10,110 SF of high‑quality office space, ideal for office‑intensive industrial or owner‑user operations.; Located within a Military Job Tax Credit Zone, offering potential tax incentives.
More about this property
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