Four-Bay Flex
For Sale
$895,000
5541 Thompson Bridge Road, Murrayville, GA 30564
Commercial Sale, Murrayville, GA
Property Size5,000 SF
Lot Size1.47 Acres
Price / SF$179
Days on Market93
Property Features for 5541 Thompson Bridge Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
Secured, Parking Lot, Covered
Security features
Security
Lot features
Corner Lot
Directions
From downtown Gainesville: Start north on Thompson Bridge Road / GA-60 from downtown. Continue straight on Thompson Bridge Road for approximately 6-7 miles. The property will be on your left. 2 entrances - 5541 Thompson Bridge Road and 5605 Kanaday Road.
Standard status
Active
APN
11082 000056
Size
5,000 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6185
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Flooring type
Concrete
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Keller Williams Lanier Partners · Keller Williams Realty
(770) 503-7070
Listed By:
Ann Bryant
(770) 540-5191
Added: Jun 11
Changed: Sep 2
Last Checked: Sep 11 at 5:06PM
MLS# 10783663
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex property is arranged around four bays, including three vehicle-depth bays with 10-foot roll-up doors and a larger bay with a 14-foot door. The building also includes a workshop, private office, full bathroom with shower, front and side entrances, concrete flooring, metal roofing, steel siding, central air, and propane heating. A 50-amp vehicle charging station serves the oversized bay.
The approximately 1.47-acre site has dual access from 5541 Thompson Bridge Road and 5605 Kanaday Road. A circular driveway supports vehicle circulation, while four designated parking spaces serve employees and visitors. Secured, covered, and parking-lot parking features are included. Public water and septic service are present, and the landscaped grounds provide room for potential expansion, including another building.
The approximately 1.47-acre site has dual access from 5541 Thompson Bridge Road and 5605 Kanaday Road. A circular driveway supports vehicle circulation, while four designated parking spaces serve employees and visitors. Secured, covered, and parking-lot parking features are included. Public water and septic service are present, and the landscaped grounds provide room for potential expansion, including another building.
Key Highlights
- 5,000 square feet of flex space on an approximately 1.47‑acre lot
- Four bays, including three with 10‑foot roll‑up doors and one with a 14‑foot door
- Oversized bay includes a 50‑amp vehicle charging station
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
$36,704
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
4.10%
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%
$734,080
$734.1K
Cap Rate 7%
$524,343
$524.3K
Cap Rate 9%
$407,822
$407.8K
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
$47.4K $9.48/SF
− Vacancy
−$4.2K −$0.84/SF
EGI
$43.2K $8.64/SF
− OpEx
−$6.5K −$1.30/SF
NOI
$36.7K $7.34/SF
Area
Hall County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$734,080
Cap Rate 7%
$524,343
Cap Rate 9%
$407,822
Alternative Uses
Best Use
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,018 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Steel-sided commercial building with workshop, office, bathroom, multiple entrances, and vehicle-oriented storage capacity.
Where is this flex space located?
The property is located at 5541 Thompson Bridge Road 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: 5,000 square feet of flex space on an approximately 1.47‑acre lot; Four bays, including three with 10‑foot roll‑up doors and one with a 14‑foot door; Oversized bay includes a 50‑amp vehicle charging station
