New Construction
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 Market80
Property Features for 102 S College Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot
Directions
Follow Us-27 N To Hamilton 19 Min (14.1 Mi) Drive To Your Destination 49 Sec (0.1 Mi) 102 N College St Hamilton, Ga 31811
Subdivision
Harris
Standard status
Active
APN
059A072
Size
2,382 SF
Lot size
0.09 Acres
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Amenities
conference room
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet
Building materials
Brick, Frame
Listing Agency:
Re/Max Results
(706) 845-7000
Listed By:
Morgan Marlowe · License #86587
(706) 315-8260
Added: Jun 16
Changed: Aug 27
Last Checked: Sep 3 at 9:06AM
MLS# 232461
Copyright © 2026 Columbus Board of Realtors (GA). 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.
Completed in 2021, this 2,382-square-foot commercial showroom occupies a 0.09-acre site in Hamilton. The building is currently arranged as a builder’s showroom and includes a dedicated conference room, creating a functional setting for client meetings and product presentation. Its layout can be adapted for other business requirements.
Brick and frame construction is paired with laminate and carpet flooring. Electric heating and central air conditioning serve the interior, while water is available at the property. The address is near the Harris County Courthouse, Harris County School District Central Office, Mercer Medicine, UGA Extension Office, and the Sheriff’s office. The 13.5-mile, 10-foot-wide paved Man O’ War walking trail, three Harris County schools, county recreation facilities, and the library contribute to activity in the surrounding area.
Brick and frame construction is paired with laminate and carpet flooring. Electric heating and central air conditioning serve the interior, while water is available at the property. The address is near the Harris County Courthouse, Harris County School District Central Office, Mercer Medicine, UGA Extension Office, and the Sheriff’s office. The 13.5-mile, 10-foot-wide paved Man O’ War walking trail, three Harris County schools, county recreation facilities, and the library contribute to activity in the surrounding area.
Key Highlights
- 2,382‑square‑foot commercial showroom on a 0.09‑acre site
- Completed in 2021 with brick and frame 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?
Showroom - Finished with a conference room, laminate flooring, carpet, and central air conditioning.
Where is this showroom 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‑square‑foot commercial showroom on a 0.09‑acre site; Completed in 2021 with brick and frame construction; Current builder’s showroom layout includes a dedicated conference room
