Listing Agency: Keller Williams Lanier Partners a***@gmail.com Show Phone

Listed By: Ann Bryant Show Phone

Source: Exprealty

Added: Jun 11 Changed: Aug 28 Last Checked: Aug 26 at 1:24PM

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Investment Insights

Based on property information with market context.

This versatile metal flex/industrial building offers four spacious bays, including three bays that are two vehicles deep with 10-foot roll-up doors. A separate oversized bay features a 14-foot door, suited to RV storage, large equipment, or specialty vehicles, and is equipped with a 50-amp vehicle charging station. The interior includes a functional workshop area, a private office, and a full bathroom with shower. Two entrances are provided, with both a front entrance and a side entrance for convenient access.

The property is located at 5541 Thompson Bridge Road, with secondary designation at 5605 Kanaday Road, providing dual access. A circular driveway supports smooth traffic flow and maneuverability, and the site includes four designated parking spaces for employees and customers. The approximately 1.47-acre lot is landscaped and allows for additional room for future expansion, including the potential to add another building.

With its flexible bay configuration and dedicated vehicle support, the building is designed to accommodate a range of business operations requiring both warehouse-style space and specialized storage.

Key Highlights

• Metal industrial flex building built in 2005 with four bays: three bays with 10‑ft roll‑up doors and one oversized bay with a 14‑ft door
• Oversized 14‑ft RV bay includes a 50‑amp vehicle charging station
• Dual access from 5541 Thompson Bridge Rd and 5605 Kanaday Rd, plus a circular driveway for traffic flow and maneuverability

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

$29,945

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

3.35%

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%

$598,900 $598.9K

Cap Rate 7%

$427,786 $427.8K

Cap Rate 9%

$332,722 $332.7K

Market Conditions

NOI Build-Up for 5,000 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

$45.9K $9.18/SF

− Vacancy

−$3.1K −$0.62/SF

EGI

$42.8K $8.56/SF

− OpEx

−$12.8K −$2.57/SF

NOI

$29.9K $5.99/SF

Area

Hall County, GA

Vacancy

6.80%

Lease Rate

$9.18 /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%

$598,900

Cap Rate 7%

$427,786

Cap Rate 9%

$332,722

Alternative Uses

Best Use

Industrial

$427.8K

$374.3K – $499.1K (±1% cap)

NOI $29,945 @ 7.0% cap · market cap 3.35%

Second Best

Flex RnD

$416.4K

$364.3K – $485.8K (±1% cap)

NOI $29,146 @ 7.0% cap · market cap 3.26%

Theoretical Best

Office A

$1.40M

$1.23M – $1.63M (±1% cap)

NOI $98,018 @ 7.0% cap · market cap 10.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Allstar Insurance Insurance Agency

Suggested Use

Top Pick Building Supply Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store

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

Lease Details

4

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

77

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30564, GA

4,642

Population

1,934

Households

2.4

Avg Household Size

43

Median Age

23%

College-Educated

88%

High-School Grad

31.9 sq mi

ZIP Area

146

Density / Sq Mi

$74,710

Median Household Income

$35,877

Median Earnings

$952

Median Rent

$311,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Flex space - Metal industrial flex building with four bays, including a 14-foot RV bay and 50-amp charging station.

Where is this flex space located?

The property is located at 5541 Thompson Bridge Rd Murrayville, GA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Metal industrial flex building built in 2005 with four bays: three bays with 10‑ft roll‑up doors and one oversized bay with a 14‑ft door; Oversized 14‑ft RV bay includes a 50‑amp vehicle charging station; Dual access from 5541 Thompson Bridge Rd and 5605 Kanaday Rd, plus a circular driveway for traffic flow and maneuverability