Building Details

Building Size 4,428 SF

Year Built 1989

Buildings 3

Listing Agency: Dream Homes Realty, Inc. d***@bellsouth.net

Listed By: Peggy A Clouse · License #211492 Show Phone

Source: Batten-taylor

Added: Apr 9 Changed: Nov 3 Last Checked: Nov 3 at 3:45PM

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Investment Insights

Based on property information with market context.

This 4,428-square-foot flex property was built in 1989. The building was originally constructed for cabinet-shop use, and its current zoning is CBD.

Located at 7067 Wheeler Road in Lula, Georgia, the property sits in a residential area with commercial zoning.

Key Highlights

• 4,428 square feet of flex space
• CBD zoning
• Built in 1989

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,505

Cap Rate

9.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,100 $650.1K

Cap Rate 7%

$464,357 $464.4K

Cap Rate 9%

$361,167 $361.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,428 SF

Gross rent

$42.0K $9.48/SF

− Vacancy

−$3.7K −$0.84/SF

EGI

$38.2K $8.64/SF

− OpEx

−$5.7K −$1.30/SF

NOI

$32.5K $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 Rate 5%

$650,100

Cap Rate 7%

$464,357

Cap Rate 9%

$361,167

Alternative Uses

Best Use

Warehouse

$464.4K

$406.3K – $541.8K (±1% cap)

NOI $32,505 @ 7.0% cap · market cap 9.03%

Second Best

Industrial

$378.8K

$331.5K – $442.0K (±1% cap)

NOI $26,519 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,805 @ 7.0% cap · market cap 24.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lake Lanier Propeller ... Factory

Suggested Use

Top Pick Electrical Service Auto Parts Store Bakery Pharmacy Hair Salon 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.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30554, GA

8,394

Population

3,476

Households

2.4

Avg Household Size

40

Median Age

18%

College-Educated

86%

High-School Grad

71.5 sq mi

ZIP Area

117

Density / Sq Mi

$81,789

Median Household Income

$42,386

Median Earnings

$985

Median Rent

$239,400

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

Frequently Asked Questions

What type of property is this?

Flex space - CBD zoning places the property in a residential-area setting.

Where is this flex space located?

The property is located at 7067 Wheeler Road Lula, GA.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: 4,428 square feet of flex space; CBD zoning; Built in 1989