Warehouse with Office and Roll-Up
85 Johnston Circle Palmetto, GA 30268
For Sale
$2,200,000
Warehouse includes skylights and four 14' roll-up doors, with attached office and attic storage.
Property Size12,500 SF
Price / SF$176
Days on Market21
Property Features for 85 Johnston Circle
General Information
- Standard status
- Active
- Size
- 12,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing Agency:
(770) 912-5565
Listed By:
Chapman Hall Realtors
(770) 912-5565
Source:
Xome
Added: Jul 4
Changed: Jul 24
Last Checked: Jul 24 at 5:50AM
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 Chapman Hall Realtors
Investment Insights
Based on property information with market context.
This for-sale warehouse and flex property includes approximately 10,000 SF of warehouse space built on an 8" metal slab, plus 2,500 SF of office space and an additional 2,500 SF of attic storage. The warehouse is equipped with skylights, 33 KW solar panels, and 480-volt service. Improvements include new interior painting and new interior LED lighting.
Access is provided by four 14' roll-up doors. The property also features an office component designed to support on-site operations, along with overhead attic storage for additional capacity.
The asset is presented as suitable for small manufacturing or distribution uses, with flexibility for potential leasing mentioned in the listing materials.
Access is provided by four 14' roll-up doors. The property also features an office component designed to support on-site operations, along with overhead attic storage for additional capacity.
The asset is presented as suitable for small manufacturing or distribution uses, with flexibility for potential leasing mentioned in the listing materials.
Key Highlights
- 10,000 SF warehouse on an 8" metal slab plus 2,500 SF office and 2,500 SF attic storage
- Warehouse features skylights and 4 x 14' roll‑up doors
- 33 KW solar panels and 480‑volt electrical service
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.5k | $9.48 |
| − Vacancy | −$10.5k | −$0.84 |
| EGI | $108.0k | $8.64 |
| − OpEx | −$16.2k | −$1.30 |
| NOI | $91.8k | $7.34 |
12,500 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,760 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$1.09M
$951.9K – $1.27M
NOI $76,148 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,596 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Warehouse includes skylights and four 14' roll-up doors, with attached office and attic storage.
Where is this flex space located?
The property is located at 85 Johnston Circle Palmetto, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,000 SF warehouse on an 8" metal slab plus 2,500 SF office and 2,500 SF attic storage; Warehouse features skylights and 4 x 14' roll‑up doors; 33 KW solar panels and 480‑volt electrical service
