Flex Space with Expansion
For Sale
$700,000
5929 Joe Frank Harris Parkway NW, Adairsville, GA 30103
Commercial Sale, Adairsville, GA
Property Size2,250 SF
Lot Size0.67 Acres
Price / SF$311.11
Days on Market146
Property Features for 5929 Joe Frank Harris Parkway NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking
4
Parking features
Parking Lot
Security features
Security Lighting
Window features
Insulated Windows
Interior features
Recessed Lighting, Restrooms, Track Lighting
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Rectangular Lot
View
City
Directions
GPS is accurate. Sign is only on 5911 Joe Frank Harris Pkwy. Business is 5929.
Standard status
Active
APN
A002 0003 024
Size
2,250 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2079
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Hot Water(Heating)
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
renovated showroom
ADA compliant restroom
kitchenette
bay door at the rear
Building Details
Year built
1960
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Brick, Shingle Siding
Roof type
Metal
Listing Agency:
EXP Realty, LLC.
(888) 959-9461
Listed By:
Susanna Erickson · License #405713
(770) 714-5493
Added: Apr 22
Changed: Sep 13
Last Checked: Sep 14 at 7:06PM
MLS# 7757165
Copyright © 2026 First Multiple Listing Service, Inc. 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 2,250-square-foot flex building occupies a .13-acre lot and includes a renovated showroom, ADA-compliant restroom, kitchenette, and rear bay door. Concrete flooring, recessed and track lighting, central air, and a central heating system support a practical commercial layout. The structure has an effective year built of 1992 and uses block, brick, and shingle siding construction.
An adjacent .54-acre lot is included, bringing the combined land area to .67 acres. The additional parcel is shovel-ready with full utilities and may accommodate an extension or additional buildings. The property is positioned just off Hwy 41 in Adairsville and is zoned C-1, with public water and public sewer serving the site.
An adjacent .54-acre lot is included, bringing the combined land area to .67 acres. The additional parcel is shovel-ready with full utilities and may accommodate an extension or additional buildings. The property is positioned just off Hwy 41 in Adairsville and is zoned C-1, with public water and public sewer serving the site.
Key Highlights
- 2,250‑square‑foot flex building on a .13‑acre lot
- Adjacent .54‑acre lot included; combined land area totals .67 acres
- Renovated showroom with rear bay door, kitchenette, and ADA‑compliant restroom
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
$31,647
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
4.52%
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%
$632,940
$632.9K
Cap Rate 7%
$452,100
$452.1K
Cap Rate 9%
$351,633
$351.6K
Market Conditions
NOI Build-Up for 2,250 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
$49.4K $21.96/SF
− Vacancy
−$4.2K −$1.87/SF
EGI
$45.2K $20.09/SF
− OpEx
−$13.6K −$6.03/SF
NOI
$31.6K $14.07/SF
Area
Bartow County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$632,940
Cap Rate 7%
$452,100
Cap Rate 9%
$351,633
Alternative Uses
Best Use
Retail
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$195.8K
$171.3K – $228.5K
NOI $13,707 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$631.8K
$552.8K – $737.1K
NOI $44,226 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30103, GA
15,606
Population
5,726
Households
2.7
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
103.9 sq mi
ZIP Area
150
Density / Sq Mi
$76,055
Median Household Income
$45,059
Median Earnings
$1,025
Median Rent
$228,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Renovated showroom includes a rear bay door, kitchenette, and ADA-compliant restroom.
Where is this flex space located?
The property is located at 5929 Joe Frank Harris Parkway NW Adairsville, GA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,250‑square‑foot flex building on a .13‑acre lot; Adjacent .54‑acre lot included; combined land area totals .67 acres; Renovated showroom with rear bay door, kitchenette, and ADA‑compliant restroom
