Convenience Store
For Sale
$799,000
1400 Cedar Grove Road, Conley, GA 30288
Commercial Sale, Conley, GA
Property Size2,084 SF
Lot Size0.60 Acres
Price / SF$383.40
Days on Market565
Property Features for 1400 Cedar Grove Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot
Directions
I-285 to Moreland Avenue exit. South to Left on Cedar Grove Road. Store is own your left.
Standard status
Active
APN
15 018 03 007
Size
2,084 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
3662
Utilities
Utilities
Natural Gas Available
Sewer type
Private Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Building materials
Brick, Frame
Listing Agency:
RE/MAX Advantage · RE/MAX International
(770) 478-7950
Listed By:
Roger Swint · License #152988
(678) 878-6219
Added: Feb 1, 2025
Changed: Aug 19
Last Checked: Aug 20 at 3:06PM
MLS# 10474294
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 2,084-square-foot convenience store building sits on 0.6 acres and is currently closed. Constructed in 1955 with brick and frame materials, the property includes a parking lot, central air conditioning, forced-air heating, and natural gas availability. Public water and private sewer serve the site.
The property is located at 1400 Cedar Grove Road in Conley, Georgia. Nearby commercial uses include truck sales, truck parts and repair facilities, warehouses, and a US Post Office. The surrounding context supports the property's role as a neighborhood-oriented retail and convenience location.
The property is located at 1400 Cedar Grove Road in Conley, Georgia. Nearby commercial uses include truck sales, truck parts and repair facilities, warehouses, and a US Post Office. The surrounding context supports the property's role as a neighborhood-oriented retail and convenience location.
Key Highlights
- 2,084‑square‑foot convenience store building on 0.6 acres
- Currently closed retail property at 1400 Cedar Grove Road
- Brick and frame construction completed in 1955
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
$33,491
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
4.19%
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%
$669,820
$669.8K
Cap Rate 7%
$478,443
$478.4K
Cap Rate 9%
$372,122
$372.1K
Market Conditions
NOI Build-Up for 2,084 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
$48.0K $23.04/SF
− Vacancy
−$3.4K −$1.61/SF
EGI
$44.7K $21.43/SF
− OpEx
−$11.2K −$5.36/SF
NOI
$33.5K $16.07/SF
Area
Clayton County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$669,820
Cap Rate 7%
$478,443
Cap Rate 9%
$372,122
Alternative Uses
Best Use
Specialty Retail
$478.4K
$418.6K – $558.2K
NOI $33,491 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$418.7K
$366.4K – $488.5K
NOI $29,312 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30288, GA
8,610
Population
2,967
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
1,230
Density / Sq Mi
$50,499
Median Household Income
$36,157
Median Earnings
$1,168
Median Rent
$225,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Brick-and-frame retail building with on-site parking, central air, and public water service.
Where is this grocery and convenience store located?
The property is located at 1400 Cedar Grove Road Conley, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,084‑square‑foot convenience store building on 0.6 acres; Currently closed retail property at 1400 Cedar Grove Road; Brick and frame construction completed in 1955
