Industrial Flex
For Sale
Contact for pricing
9 Duffey Dr, Lagrange, GA 30241
Versatile flex facility suited to light manufacturing, warehousing, distribution, contractor, and service operations.
Property Size5,000 SF
Lot Size2.70 Acres
Price / SF$139
Days on Market156
Property Features for 9 Duffey Dr
General Information
Standard status
Active
Size
5,000 SF
Class
C
Lot size
2.70 Acres
Property subtype
Industrial, Mixed Use
Zoning
16- AC-MX
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Buildings
1
Units
1
Building Size
5,000 SF
Listing Agency:
Evergreen Real Estate Services, LLC
Listed By:
John Dixon · License #GA374364
Source:
Crexi
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 3:34PM
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 Evergreen Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This well-maintained flex facility provides 5,000 square feet within a single industrial building constructed in 1996. The property encompasses approximately 2.7 acres and carries AC-MX zoning, supporting a range of commercial and industrial applications identified for the site, including light manufacturing, warehousing, distribution, contractor operations, and service-based businesses.
Located just off Highway 27 in LaGrange, Georgia, the property combines an industrial building with a larger land area for operational flexibility. Its configuration aligns with businesses seeking space for production, storage, logistics, contracting, or service activity.
Located just off Highway 27 in LaGrange, Georgia, the property combines an industrial building with a larger land area for operational flexibility. Its configuration aligns with businesses seeking space for production, storage, logistics, contracting, or service activity.
Key Highlights
- 5,000‑square‑foot flex building on approximately 2.7 acres
- AC‑MX zoning
- Constructed in 1996
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
$27,085
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
3.90%
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%
$541,700
$541.7K
Cap Rate 7%
$386,929
$386.9K
Cap Rate 9%
$300,944
$300.9K
Market Conditions
NOI Build-Up for 5,000 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
$34.3K $6.86/SF
− Vacancy
−$2.4K −$0.49/SF
EGI
$31.9K $6.37/SF
− OpEx
−$4.8K −$0.96/SF
NOI
$27.1K $5.42/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /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%
$541,700
Cap Rate 7%
$386,929
Cap Rate 9%
$300,944
Alternative Uses
Best Use
Warehouse
$386.9K
$338.6K – $451.4K
NOI $27,085 @ 7.0% cap · market cap 3.90%
Second Best
Industrial
$318.6K
$278.8K – $371.8K
NOI $22,305 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.12M
$978.9K – $1.31M
NOI $78,313 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
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 - Versatile flex facility suited to light manufacturing, warehousing, distribution, contractor, and service operations.
Where is this flex space located?
The property is located at 9 Duffey Dr Lagrange, GA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building on approximately 2.7 acres; AC‑MX zoning; Constructed in 1996
