Seven-Unit Flex
New
For Sale
$3,300,000
853 S Peachtree Street #107, Norcross, GA 30071
Norcross, GA
Property Size15,500 SF
Lot Size2.37 Acres
Price / SF$212.90
Days on Market3
Property Features for 853 S Peachtree Street #107
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Active
Size
15,500 SF
Lot size
2.37 Acres
Building Details
Year built
2004
Listing Agency:
575 North Office · Berkshire Hathaway HomeServices
(770) 720-1400
Listed By:
Sandra Lee
(678) 815-6698
Added: Sep 25
Last Checked: Sep 27 at 12:06AM
MLS# 7654954
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 flex warehouse contains 15,500 square feet across seven individual units. Brick construction extends around all four sides, and rear roll-up doors provide loading access. The building offers 20-foot clear ceiling heights and was built in 2004.
The property occupies 2.37 acres at 853 S Peachtree Street in Norcross, Georgia, with access to major interstates.
The property occupies 2.37 acres at 853 S Peachtree Street in Norcross, Georgia, with access to major interstates.
Key Highlights
- 15,500 square feet across seven units
- 2.37‑acre site
- 20‑foot clear ceiling heights
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
$113,783
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
3.45%
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%
$2,275,660
$2.3M
Cap Rate 7%
$1,625,471
$1.6M
Cap Rate 9%
$1,264,256
$1.3M
Market Conditions
NOI Build-Up for 15,500 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
$146.9K $9.48/SF
− Vacancy
−$13.1K −$0.84/SF
EGI
$133.9K $8.64/SF
− OpEx
−$20.1K −$1.30/SF
NOI
$113.8K $7.34/SF
Area
Gwinnett 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 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%
$2,275,660
Cap Rate 7%
$1,625,471
Cap Rate 9%
$1,264,256
Alternative Uses
Best Use
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,783 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,424 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,299 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30071, GA
25,629
Population
9,644
Households
2.7
Avg Household Size
33
Median Age
34%
College-Educated
78%
High-School Grad
12.1 sq mi
ZIP Area
2,118
Density / Sq Mi
$61,351
Median Household Income
$38,129
Median Earnings
$1,588
Median Rent
$333,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- The Atrium — 139 N Norcross Tucker Rd, Norcross, GA 30071
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- Tucker's Catering — 350 W Peachtree St #106, Norcross, GA 30071
- Parties Galore Inc — Norcross, GA 30003
Frequently Asked Questions
What type of property is this?
Flex space - Rear roll-up doors support loading across a multi-unit commercial building.
Where is this flex space located?
The property is located at 853 S Peachtree Street #107 Norcross, GA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 15,500 square feet across seven units; 2.37‑acre site; 20‑foot clear ceiling heights
