Office/Warehouse Near Georgia Military
For Sale
Contact for pricing
64 Green St, Warner Robins, GA 31093
5,090 SF office/warehouse near Houston Medical Center.
Property Size5,090 SF
Price / SF$147.35
Days on Market1240
Property Features for 64 Green St
General Information
Standard status
Active
Size
5,090 SF
Class
B
Property subtype
Office
Zoning
C-2
Occupancy
100%
Lease Type
NNN
Building Details
Units
2
Tenancy
Multi
Listing Agency:
The Summit Group
(478) 750-7507
Listed By:
Derek Foster · License #GA 373500
Source:
Crexi
Added: Mar 30, 2023
Changed: Aug 14
Last Checked: Aug 19 at 1:54PM
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 The Summit Group
Investment Insights
Based on property information with market context.
This 5,090 square foot property features a two-tenant office/warehouse configuration, with each suite offering approximately 2,545 square feet of space. The property's location provides convenient access to Georgia Military College, Houston Medical Center, and a variety of restaurants.
Key Highlights
- 5,090 SF total space suitable for office/warehouse use.
- Two tenant suites, each approximately 2,545 SF.
- Convenient location near Georgia Military College, Houston Medical Center, and restaurants.
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
$39,448
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
5.26%
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%
$788,960
$789.0K
Cap Rate 7%
$563,543
$563.5K
Cap Rate 9%
$438,311
$438.3K
Market Conditions
NOI Build-Up for 5,090 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
$66.0K $12.96/SF
− Vacancy
−$5.3K −$1.04/SF
EGI
$60.7K $11.92/SF
− OpEx
−$21.2K −$4.17/SF
NOI
$39.4K $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 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%
$788,960
Cap Rate 7%
$563,543
Cap Rate 9%
$438,311
Alternative Uses
Best Use
Flex RnD
$563.5K
$493.1K – $657.5K
NOI $39,448 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$310.7K
$271.9K – $362.5K
NOI $21,752 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,902 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31093, GA
28,614
Population
13,275
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
20.4 sq mi
ZIP Area
1,403
Density / Sq Mi
$48,186
Median Household Income
$32,542
Median Earnings
$966
Median Rent
$137,900
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 - 5,090 SF office/warehouse near Houston Medical Center.
Where is this flex space located?
The property is located at 64 Green St Warner Robins, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,090 SF total space suitable for office/warehouse use.; Two tenant suites, each approximately 2,545 SF.; Convenient location near Georgia Military College, Houston Medical Center, and restaurants.
