Flexible Flex/Warehouse
For Sale
$825,000
912 Jernigan St, Perry, GA 31069
Versatile flex/warehouse property in downtown Perry supports single-user use or subdivision for multiple tenants.
Property Size6,800 SF
Days on Market93
Property Features for 912 Jernigan St
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
6,800 SF
Year Built
1920
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
Listed By:
Patrick Barry
(478) 746-8171
Source:
Commercialcafe
Added: Jul 13
Changed: Sep 29
Last Checked: Oct 12 at 4:54PM
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 Coldwell Banker Commercial Eberhardt & Barry
Investment Insights
Based on property information with market context.
Located at 910/912 Jernigan Street in Perry, Georgia, this versatile commercial building offers a flexible layout intended to support a variety of uses. The configuration accommodates single-user occupancy and also allows the space to be subdivided for multiple tenants, giving buyers options for how they operate or lease the property. The building is being sold “as is, where is.”
The property is situated within the covenanted downtown Perry corridor near civic, retail, and business anchors, with an emphasis on strong visibility and consistent traffic patterns associated with the corridor designation.
For prospective owner-users and investors, the primary practical takeaway is adaptability: the existing layout is designed to work either as one contiguous space or as smaller units, subject to applicable approvals for intended uses.
The property is situated within the covenanted downtown Perry corridor near civic, retail, and business anchors, with an emphasis on strong visibility and consistent traffic patterns associated with the corridor designation.
For prospective owner-users and investors, the primary practical takeaway is adaptability: the existing layout is designed to work either as one contiguous space or as smaller units, subject to applicable approvals for intended uses.
Key Highlights
- Commercial property at 910/912 Jernigan Street in Perry, GA
- Built in 1920
- Flexible layout supports single‑user occupancy or subdivision into multiple tenant spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,701
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,020
$1.1M
Cap Rate 7%
$752,871
$752.9K
Cap Rate 9%
$585,567
$585.6K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$88.1K $12.96/SF
− Vacancy
−$7.1K −$1.04/SF
EGI
$81.1K $11.92/SF
− OpEx
−$28.4K −$4.17/SF
NOI
$52.7K $7.75/SF
Area
Houston County, GA
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,020
Cap Rate 7%
$752,871
Cap Rate 9%
$585,567
Alternative Uses
Best Use
Flex RnD
$752.9K
$658.8K – $878.4K
NOI $52,701 @ 7.0% cap · market cap 6.39%
Second Best
Warehouse
$554.1K
$484.8K – $646.4K
NOI $38,786 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,738 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31069, GA
22,915
Population
9,389
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
99.8 sq mi
ZIP Area
230
Density / Sq Mi
$75,526
Median Household Income
$48,601
Median Earnings
$997
Median Rent
$205,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Push Button Foood Services — 909 Jernigan St #3, Perry, GA 31069
- Bar Go LLC — 736 Carroll St, Perry, GA 31069
- Bodega Brew — 1025 Ball St, Perry, GA 31069
Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex/warehouse property in downtown Perry supports single-user use or subdivision for multiple tenants.
Where is this flex space located?
The property is located at 912 Jernigan St Perry, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Commercial property at 910/912 Jernigan Street in Perry, GA; Built in 1920; Flexible layout supports single‑user occupancy or subdivision into multiple tenant spaces
