2021 Brick
For Sale
$650,000
102 S College Street, Hamilton, GA 31811
Commercial Sale, Hamilton, GA
Property Size2,382 SF
Lot Size0.09 Acres
Price / SF$272.88
Days on Market95
Property Features for 102 S College Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
4
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Downtown Hamilton
Standard status
Active
APN
059A072
Size
2,382 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
7082
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
dedicated conference room
Building Details
Year built
2021
Building materials
Brick, Frame, Glass
Listing Agency:
RE/MAX Results · RE/MAX International
(706) 845-7000
Listed By:
Morgan J Marlowe · License #86587
(706) 315-8260
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 3 at 2:06AM
MLS# 10786267
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.
Located at 102 S College Street in Hamilton, this 2,382-square-foot storefront property was completed in 2021. The building uses brick, frame, and glass construction and includes a conference room within its commercial interior. Its current builder’s showroom configuration can be adapted for other business purposes, subject to applicable requirements.
The 0.09-acre property includes a parking lot, central heating, central air, public water, and public sewer. Nearby civic and community destinations include the Harris County Courthouse, Harris County School District Central Office, Mercer Medicine, UGA Extension Office, Sheriff’s office, schools, recreation facilities, and the library. The 13.5-mile Man O’War walking trail is also in the surrounding area.
The 0.09-acre property includes a parking lot, central heating, central air, public water, and public sewer. Nearby civic and community destinations include the Harris County Courthouse, Harris County School District Central Office, Mercer Medicine, UGA Extension Office, Sheriff’s office, schools, recreation facilities, and the library. The 13.5-mile Man O’War walking trail is also in the surrounding area.
Key Highlights
- 2,382 SF storefront property on a 0.09‑acre lot
- Completed in 2021 with brick, frame, and glass construction
- Current builder’s showroom layout includes a dedicated conference room
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
$29,014
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
4.46%
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%
$580,280
$580.3K
Cap Rate 7%
$414,486
$414.5K
Cap Rate 9%
$322,378
$322.4K
Market Conditions
NOI Build-Up for 2,382 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
$43.4K $18.24/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$41.4K $17.40/SF
− OpEx
−$12.4K −$5.22/SF
NOI
$29.0K $12.18/SF
Area
Harris County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
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%
$580,280
Cap Rate 7%
$414,486
Cap Rate 9%
$322,378
Alternative Uses
Best Use
Retail
$414.5K
$362.7K – $483.6K
NOI $29,014 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.0K
$466.4K – $621.8K
NOI $37,308 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Circle K
Shops & Services
11,516 visits/mo
0.1 miles
SUBWAY
Dining
2,383 visits/mo
0.2 miles
Valero Energy
Shops & Services
2,274 visits/mo
0.1 miles
Demographics for 31811, GA
6,274
Population
2,297
Households
2.7
Avg Household Size
40
Median Age
34%
College-Educated
92%
High-School Grad
130.8 sq mi
ZIP Area
48
Density / Sq Mi
$91,290
Median Household Income
$41,865
Median Earnings
$1,028
Median Rent
$266,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with a conference room, parking lot, and public water and sewer service.
Where is this storefront property located?
The property is located at 102 S College Street Hamilton, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,382 SF storefront property on a 0.09‑acre lot; Completed in 2021 with brick, frame, and glass construction; Current builder’s showroom layout includes a dedicated conference room
