Multi-Property Commercial
Multiple Addresses Hogansville, GA 30230
For Sale
$4,300,000
COMMERCIAL - Hogansville, GA
Property Size55,000 SF
Lot Size5.00 Acres
Price / SF$78.18
Days on Market421
Property Features for Multiple Addresses
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street, Parking Lot
Standard status
Active
APN
0.0
Size
55,000 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
40000
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1900
Building materials
Block, Brick, Concrete, Frame
Listing Agency:
F.L.I. Properties
(706) 298-2712
Listed By:
Kendall Butler · License #278198
(706) 333-0680
Added: Jun 3, 2025
Changed: Jun 20
Last Checked: Jul 28 at 1:06AM
MLS# 10591373
Copyright © 2026 Georgia Multiple Listing Service. 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 for-sale offering is a portfolio of 18 commercial, mixed-use, and flex properties totaling approximately 55,000 square feet. The portfolio is currently leased to 23 tenants across retail, food, fitness, and wellness sectors. The provided figures indicate an annual rent roll of $281,400, with an additional $134,400 identified as vacancy.
The properties are located in downtown Hogansville, Georgia, with coverage across Main Street, Commerce Street, and College Street. The listing notes a strong visual presence along these corridors. Anchor assets in the portfolio include The Grand Hotel, offering 8,000+ square feet of mixed-use space and positioned as a keystone for the downtown.
This structure can fit investors or owner-operators looking at a multi-asset package with a diversified tenant mix spanning retail, food service, and wellness uses. Prospective buyers should review the individual addresses and leasing terms within the portfolio due to the multi-property configuration and the stated split between current rent and additional vacancy potential.
The properties are located in downtown Hogansville, Georgia, with coverage across Main Street, Commerce Street, and College Street. The listing notes a strong visual presence along these corridors. Anchor assets in the portfolio include The Grand Hotel, offering 8,000+ square feet of mixed-use space and positioned as a keystone for the downtown.
This structure can fit investors or owner-operators looking at a multi-asset package with a diversified tenant mix spanning retail, food service, and wellness uses. Prospective buyers should review the individual addresses and leasing terms within the portfolio due to the multi-property configuration and the stated split between current rent and additional vacancy potential.
Key Highlights
- Portfolio includes 18 properties totaling over 55,000 SF of commercial, mixed‑use, and flex space
- Leased to 23 tenants across retail, food, fitness, and wellness, producing a $281,400 annual rent roll
- Reported vacancy upside of $134,400 annually (per current vacancy projections in listing remarks)
Financial Insights For Industrial
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 | $377.3k | $6.86 |
| − Vacancy | −$26.8k | −$0.49 |
| EGI | $350.5k | $6.37 |
| − OpEx | −$105.2k | −$1.91 |
| NOI | $245.4k | $4.46 |
55,000 SF · lease $6.86/SF/yr · vacancy 7.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.57M
$8.37M – $11.17M
NOI $669,937 @ 7.0% cap · market cap 15.58%
Second Best
Industrial
$3.51M
$3.07M – $4.09M
NOI $245,358 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$12.31M
$10.77M – $14.36M
NOI $861,443 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Portfolio of 18 commercial and flex properties totaling about 55,000 SF, currently leased to 23 tenants.
Where is this flex space located?
The property is located at Multiple Addresses Hogansville, GA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Portfolio includes 18 properties totaling over 55,000 SF of commercial, mixed‑use, and flex space; Leased to 23 tenants across retail, food, fitness, and wellness, producing a $281,400 annual rent roll; Reported vacancy upside of $134,400 annually (per current vacancy projections in listing remarks)
