Building Details

Year built 1920

Listing Agency: Coweta County Office · Berkshire Hathaway HomeServices c***@bhhsgeorgia.com Show Phone

Listed By: Joy Brown Barnes · License #243263 Show Phone

Added: Sep 5 Changed: Sep 11 Last Checked: Sep 14 at 8:06AM

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MLS# 10840878

Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 2,080-square-foot storefront property at 11 South Hunter Street occupies a 0.05-acre site in Turin, Georgia. Built in 1920, the building has served as the home of a cabinet shop for nearly 30 years, providing an established commercial setting for continued business use.

The property is positioned in Coweta County between Sharpsburg and Senoia, with historic Downtown Senoia located nearby. Turin is also described as a growing local business hub with a flower shop, food truck park, and established businesses in the surrounding community.

Key Highlights

• 2,080‑square‑foot storefront property on a 0.05‑acre site
• Located at 11 South Hunter Street in Turin, GA
• Built in 1920

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

$29,256

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

8.36%

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%

$585,120 $585.1K

Cap Rate 7%

$417,943 $417.9K

Cap Rate 9%

$325,067 $325.1K

Market Conditions

NOI Build-Up for 2,080 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

$45.7K $21.96/SF

− Vacancy

−$3.9K −$1.87/SF

EGI

$41.8K $20.09/SF

− OpEx

−$12.5K −$6.03/SF

NOI

$29.3K $14.07/SF

Area

Coweta County, GA

Vacancy

8.50%

Lease Rate

$21.96 /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%

$585,120

Cap Rate 7%

$417,943

Cap Rate 9%

$325,067

Alternative Uses

Best Use

Retail

$417.9K

$365.7K – $487.6K (±1% cap)

NOI $29,256 @ 7.0% cap · market cap 8.36%

Second Best

Industrial

$181.0K

$158.4K – $211.2K (±1% cap)

NOI $12,671 @ 7.0% cap · market cap 3.62%

Theoretical Best

Office A

$581.4K

$508.8K – $678.4K (±1% cap)

NOI $40,701 @ 7.0% cap · market cap 11.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Electrical Service HVAC Service Big Box & Wholesale Store Garden Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30289, GA

44

Population

6

Households

7.3

Avg Household Size

40

Median Age

23%

College-Educated

100%

High-School Grad

0.1 sq mi

ZIP Area

440

Density / Sq Mi

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• In Bloom Rentals — 14 S Hunter St Suite 272, Turin, GA 30289

Frequently Asked Questions

What type of property is this?

Storefront property - Established commercial building in Turin with a long history of cabinet-shop use and proximity to Senoia and Sharpsburg.

Where is this storefront property located?

The property is located at 11 South Hunter Street Turin, GA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 2,080‑square‑foot storefront property on a 0.05‑acre site; Located at 11 South Hunter Street in Turin, GA; Built in 1920