Recently Renovated Convenience
For Sale
$500,000
1717 Broad Street, Lumpkin, GA 31815
Commercial Sale, Lumpkin, GA
Property Size1,914 SF
Lot Size0.19 Acres
Price / SF$261.23
Days on Market34
Property Features for 1717 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
On Street
Lot features
City Lot, Corner Lot
Directions
Use GPS
Standard status
Active
APN
LU04 011
Size
1,914 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
953
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 252-2266
Listed By:
Angie Mckernan · License #376845
(770) 584-8187
Added: Jul 23
Changed: Aug 19
Last Checked: Aug 25 at 2:06PM
MLS# 10813094
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.
Shoppers Stop Food Mart is a recently closed-down convenience store property in Lumpkin, Georgia being sold as-is along with the business. The store interior has been recently renovated and features a brand-new walk-in cooler, new air conditioners, and fiberglass tanks. The seller is also including a brand-new vent hood and all new cooking equipment that can support opening a deli in the store.
The store uses city water and city sewage. There is no COAM/game machine, and the property includes a separate room that is already wired for that use. The property is located next door to the bank and across the street from the post office.
The listing includes both the real estate and business, with access available for interior showings by appointment.
The store uses city water and city sewage. There is no COAM/game machine, and the property includes a separate room that is already wired for that use. The property is located next door to the bank and across the street from the post office.
The listing includes both the real estate and business, with access available for interior showings by appointment.
Key Highlights
- Central heating and central air conditioning
- On‑street parking
- Year built: 1958
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
$24,979
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
5.00%
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%
$499,580
$499.6K
Cap Rate 7%
$356,843
$356.8K
Cap Rate 9%
$277,544
$277.5K
Market Conditions
NOI Build-Up for 1,914 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
$34.9K $18.24/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$33.3K $17.40/SF
− OpEx
−$8.3K −$4.35/SF
NOI
$25.0K $13.05/SF
Area
Stewart County, GA
Vacancy
4.60%
Lease Rate
$18.24 /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%
$499,580
Cap Rate 7%
$356,843
Cap Rate 9%
$277,544
Alternative Uses
Best Use
Specialty Retail
$356.8K
$312.2K – $416.3K
NOI $24,979 @ 7.0% cap · market cap 5.00%
Second Best
Retail
$333.1K
$291.4K – $388.6K
NOI $23,314 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$428.3K
$374.7K – $499.6K
NOI $29,978 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
5,936 visits/mo
0.2 miles
Dollar General
Shops & Services
2,692 visits/mo
0.2 miles
Demographics for 31815, GA
3,136
Population
969
Households
3.2
Avg Household Size
38
Median Age
11%
College-Educated
64%
High-School Grad
252.9 sq mi
ZIP Area
12
Density / Sq Mi
$36,771
Median Household Income
$28,889
Median Earnings
$45,500
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 - Inside has been recently renovated with a new walk-in cooler and updated HVAC, plus included deli-ready cooking equipment.
Where is this grocery and convenience store located?
The property is located at 1717 Broad Street Lumpkin, GA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Central heating and central air conditioning; On‑street parking; Year built: 1958
