Multi-Building Flex
For Sale
$669,000
612 Ball Street, Perry, GA 31069
Leased commercial property combines showroom, office, storage, loading, and warehouse improvements for building-material operations.
Property Size11,348 SF
Days on Market17
Property Features for 612 Ball Street
General Information
Standard status
Active
Size
11,348 SF
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
11,348 SF
Listing Agency:
COLDWELL BANKER FREE REALTY
(478) 951-5665
Listed By:
Jim Taylor · License #447183
(478) 951-5665
Source:
Afrealtygroup
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 11:19PM
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 COLDWELL BANKER FREE REALTY
Investment Insights
Based on property information with market context.
This flex space property includes multiple buildings and structures serving a building-materials operation. The primary building combines a showroom, offices, and storage areas, along with a drive-through breezeway for loading and unloading. A large front roll-up door provides secured access after hours.
Additional improvements include open sheds, cantilevered lumber racks, and a dedicated doors-and-windows warehouse with a drive-up ramp and truck-height dock. A separate 2-story warehouse provides storage for roofing and insulation materials; its first floor is open, while the enclosed second floor has 2 large loading openings. The property is currently leased for use as a building materials supplier location at 612 Ball Street in Perry, Georgia.
Additional improvements include open sheds, cantilevered lumber racks, and a dedicated doors-and-windows warehouse with a drive-up ramp and truck-height dock. A separate 2-story warehouse provides storage for roofing and insulation materials; its first floor is open, while the enclosed second floor has 2 large loading openings. The property is currently leased for use as a building materials supplier location at 612 Ball Street in Perry, Georgia.
Key Highlights
- Multiple buildings include showroom, offices, storage, sheds, and warehouses
- Drive‑through breezeway supports loading and unloading in the main building
- Front roll‑up door provides secured after‑hours access
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
$48,496
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
7.25%
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%
$969,920
$969.9K
Cap Rate 7%
$692,800
$692.8K
Cap Rate 9%
$538,844
$538.8K
Market Conditions
NOI Build-Up for 11,348 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
$74.9K $6.60/SF
− Vacancy
−$5.6K −$0.50/SF
EGI
$69.3K $6.10/SF
− OpEx
−$20.8K −$1.83/SF
NOI
$48.5K $4.27/SF
Area
Houston County, GA
Vacancy
7.50%
Lease Rate
$6.60 /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%
$969,920
Cap Rate 7%
$692,800
Cap Rate 9%
$538,844
Alternative Uses
Best Use
Retail
$2.03M
$1.78M – $2.37M
NOI $142,170 @ 7.0% cap · market cap 21.25%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,948 @ 7.0% cap · market cap 13.15%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,451 @ 7.0% cap · market cap 25.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31069, GA
22,915
Population
9,389
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
99.8 sq mi
ZIP Area
230
Density / Sq Mi
$75,526
Median Household Income
$48,601
Median Earnings
$997
Median Rent
$205,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Push Button Foood Services — 909 Jernigan St #3, Perry, GA 31069
- Bar Go LLC — 736 Carroll St, Perry, GA 31069
- Bodega Brew — 1025 Ball St, Perry, GA 31069
Frequently Asked Questions
What type of property is this?
Flex space - Leased commercial property combines showroom, office, storage, loading, and warehouse improvements for building-material operations.
Where is this flex space located?
The property is located at 612 Ball Street Perry, GA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Multiple buildings include showroom, offices, storage, sheds, and warehouses; Drive‑through breezeway supports loading and unloading in the main building; Front roll‑up door provides secured after‑hours access
