Palmetto Flex Space
For Sale
Contact for pricing
8285 Wilkerson Mill Rd, Palmetto, GA 30268
6,000 sq ft flex space on 3+ acres.
Property Size6,000 SF
Lot Size3.00 Acres
Price / SF$99.17
Days on Market196
Property Features for 8285 Wilkerson Mill Rd
General Information
Standard status
Active
Size
6,000 SF
Lot size
3.00 Acres
Property subtype
Special Purpose
Zoning
C-1
Building Details
Year Built
2013
Buildings
1
Stories
1
Listing Agency:
RE/MAX Concierge
(770) 755-6644
Listed By:
Dawn Scarbrough · License #GA 163916
Source:
Crexi
Added: Feb 5
Changed: Aug 14
Last Checked: Aug 19 at 4:50PM
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 RE/MAX Concierge
Investment Insights
Based on property information with market context.
This unique 6,000 sq ft property is located in Palmetto, Georgia, just off Highway 29/Roosevelt Highway. Situated on a 3+ acre wooded lot, the building offers privacy. The building is approximately 60' x 100' and features one large bay with 25' high ceilings and an overhead door. Most of the building has suspended/drop ceilings and polished concrete floors. The property includes ample outside storage space. Zoned C-1 Neighborhood Commercial in the City of Palmetto, the property presents multiple opportunities for uses. Currently occupied by a fine art printing and framing business, the building will be vacated upon the sale of the property.
Key Highlights
- Large 6,000 sq ft building on a 3+ acre private, wooded lot.
- Zoned C‑1 Neighborhood Commercial in the City of Palmetto, offering multiple use opportunities.
- Located just off Hwy 29/Roosevelt Hwy, providing convenient 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
$36,551
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
6.14%
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%
$731,020
$731.0K
Cap Rate 7%
$522,157
$522.2K
Cap Rate 9%
$406,122
$406.1K
Market Conditions
NOI Build-Up for 6,000 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
$56.9K $9.48/SF
− Vacancy
−$4.7K −$0.78/SF
EGI
$52.2K $8.70/SF
− OpEx
−$15.7K −$2.61/SF
NOI
$36.6K $6.09/SF
Area
Fulton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /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%
$731,020
Cap Rate 7%
$522,157
Cap Rate 9%
$406,122
Alternative Uses
Best Use
Industrial
$522.2K
$456.9K – $609.2K
NOI $36,551 @ 7.0% cap · market cap 6.14%
Second Best
Flex RnD
$499.7K
$437.2K – $582.9K
NOI $34,976 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,406 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30268, GA
10,560
Population
4,641
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
87%
High-School Grad
69.2 sq mi
ZIP Area
153
Density / Sq Mi
$71,792
Median Household Income
$39,430
Median Earnings
$1,224
Median Rent
$252,300
Median Home Value
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 - 6,000 sq ft flex space on 3+ acres.
Where is this flex space located?
The property is located at 8285 Wilkerson Mill Rd Palmetto, GA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Large 6,000 sq ft building on a 3+ acre private, wooded lot.; Zoned C‑1 Neighborhood Commercial in the City of Palmetto, offering multiple use opportunities.; Located just off Hwy 29/Roosevelt Hwy, providing convenient access.
