Automotive Service Building with Bay
For Sale
$895,000
Pending
1201 Hogansville Road, Lagrange, GA 30241
Commercial Sale, Lagrange, GA
Property Size7,500 SF
Lot Size2.01 Acres
Days on Market249
Property Features for 1201 Hogansville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Level
Directions
The corner of N Cary and Hogansville Road
Standard status
Pending
APN
0501C001004
Size
7,500 SF
Lot size
2.01 Acres
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
4609
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Oil
Cooling system
Central Air
Water source
Public
Amenities
Office area
Dedicated break room
Two bathrooms
10 roll-up bay doors
Building Details
Year built
2004
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Metal
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Angela L Cotton-Jones · License #248069
(706) 957-1699
Added: Dec 30, 2025
Changed: Sep 4
Last Checked: Sep 5 at 10:06AM
MLS# 10662517
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 1201 Hogansville Road in LaGrange, Georgia, this 7,500-square-foot automotive service building was constructed in 2004 and occupies an approximately 2.01-acre lot. The facility includes 10 roll-up bay doors, an office area, a dedicated break room, and two bathrooms. Block construction, a metal roof, tile and laminate flooring, central heating, oil heating, and central air conditioning support the existing configuration.
The property sits within an in-town corridor described as high traffic, with a parking lot serving the building. Public water and public sewer are available, while cable service is available. The established automotive-business layout provides a dedicated commercial setting for continued service operations.
The property sits within an in-town corridor described as high traffic, with a parking lot serving the building. Public water and public sewer are available, while cable service is available. The established automotive-business layout provides a dedicated commercial setting for continued service operations.
Key Highlights
- 7,500‑square‑foot building on an approximately 2.01‑acre lot
- 10 roll‑up bay doors for automotive service operations
- Office area, dedicated break room, and two bathrooms
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
$33,458
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
3.74%
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%
$669,160
$669.2K
Cap Rate 7%
$477,971
$478.0K
Cap Rate 9%
$371,756
$371.8K
Market Conditions
NOI Build-Up for 7,500 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
$51.5K $6.86/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$47.8K $6.37/SF
− OpEx
−$14.3K −$1.91/SF
NOI
$33.5K $4.46/SF
Area
Troup County, GA
Vacancy
7.10%
Lease Rate
$6.86 /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%
$669,160
Cap Rate 7%
$477,971
Cap Rate 9%
$371,756
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.52M
NOI $91,355 @ 7.0% cap · market cap 10.21%
Second Best
Industrial
$478.0K
$418.2K – $557.6K
NOI $33,458 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,469 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gerber Collision & Glass — 224 Commerce Ave, LaGrange, GA 30241
- Stanford Automotive & Repair Inc. — 66 Youngs Mill Rd, LaGrange, GA 30241
- A Lagrange Towing — 78 Youngs Mill Rd, LaGrange, GA 30241
- Quality Import Automotive — 1112 Hogansville Rd, LaGrange, GA 30241
- Quick Lube, Quality Muffler and Imports — 1112 Hogansville Rd, LaGrange, GA 30241
Frequently Asked Questions
What type of property is this?
Auto shop - Established commercial facility with office support, customer amenities, paved parking, and public water and sewer service.
Where is this auto shop located?
The property is located at 1201 Hogansville Road Lagrange, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 7,500‑square‑foot building on an approximately 2.01‑acre lot; 10 roll‑up bay doors for automotive service operations; Office area, dedicated break room, and two bathrooms
