Flex Warehouse with Office and
For Sale
$389,000
557 W Main St, Lexington, GA 30648
Fenced flex facility includes a warehouse shop with roll-up doors, updated office space, and multiple storage buildings.
Property Size4,374 SF
Lot Size2.17 Acres
Price / SF$88.93
Days on Market99
Property Features for 557 W Main St
General Information
Standard status
Active
Size
4,374 SF
Lot size
2.17 Acres
Additional Details
Fenced Yard
Yes
Drive-In Doors
3
Building Details
Year Built
1967
Listing Agency:
Georgia Premier RE Advisors
Listed By:
Matthew Smith
(706) 340-4724
Source:
Brockteam
Added: Jun 7
Changed: Sep 8
Last Checked: Sep 12 at 2:25PM
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 Georgia Premier RE Advisors
Investment Insights
Based on property information with market context.
This versatile flex property includes a +/-3,200 SF warehouse/shop with three roll-up doors and +/-1,100 SF of attached covered storage. It also features a +/-1,134 SF office space that has been recently updated with new LVP flooring and fresh paint. Additional improvements include a +/-1,000 SF block building with high ceilings and a +/-1,800 SF pole shed, providing multiple areas for storage, fabrication, or service operations. The site is fully fenced with chain link, supporting vehicle and equipment staging.
Located within the city limits of Lexington, Georgia at 557 W Main St, the property sits on approximately +/-2.17 acres and includes ample excess land for expansion or outdoor operations. The combination of covered storage, separate buildings, and fenced grounds is well-suited to service-based uses that need both indoor work space and room to run day-to-day operations.
The existing warehouse/shop, roll-up door access, and updated office make this property practical for a range of trades and service users, including auto mechanics, cabinet makers, landscapers, towing companies, and other businesses that value functional workspace plus the ability to expand onto the existing fenced site.
Located within the city limits of Lexington, Georgia at 557 W Main St, the property sits on approximately +/-2.17 acres and includes ample excess land for expansion or outdoor operations. The combination of covered storage, separate buildings, and fenced grounds is well-suited to service-based uses that need both indoor work space and room to run day-to-day operations.
The existing warehouse/shop, roll-up door access, and updated office make this property practical for a range of trades and service users, including auto mechanics, cabinet makers, landscapers, towing companies, and other businesses that value functional workspace plus the ability to expand onto the existing fenced site.
Key Highlights
- Versatile +/- 2.17‑acre property within city limits of Lexington, GA
- Includes +/- 3,200 SF warehouse/shop with three roll‑up doors
- Offers 1,100 SF of attached covered storage plus additional storage buildings
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
$32,109
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
8.25%
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%
$642,180
$642.2K
Cap Rate 7%
$458,700
$458.7K
Cap Rate 9%
$356,767
$356.8K
Market Conditions
NOI Build-Up for 4,374 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
$41.5K $9.48/SF
− Vacancy
−$3.7K −$0.84/SF
EGI
$37.8K $8.64/SF
− OpEx
−$5.7K −$1.30/SF
NOI
$32.1K $7.34/SF
Area
Oglethorpe 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%
$642,180
Cap Rate 7%
$458,700
Cap Rate 9%
$356,767
Alternative Uses
Best Use
Warehouse
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 8.25%
Second Best
Industrial
$380.7K
$333.1K – $444.1K
NOI $26,646 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$1.05M
$922.6K – $1.23M
NOI $73,811 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30648, GA
2,741
Population
1,212
Households
2.3
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
92.1 sq mi
ZIP Area
30
Density / Sq Mi
$72,431
Median Household Income
$43,325
Median Earnings
$879
Median Rent
$158,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex facility includes a warehouse shop with roll-up doors, updated office space, and multiple storage buildings.
Where is this flex space located?
The property is located at 557 W Main St Lexington, GA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Versatile +/- 2.17‑acre property within city limits of Lexington, GA; Includes +/- 3,200 SF warehouse/shop with three roll‑up doors; Offers 1,100 SF of attached covered storage plus additional storage buildings
