Lagrange Commercial Corner
201 New Franklin Road Lagrange, GA 30240
201 New Franklin Road, Lagrange, GA, 30240
$369,900
For Sale
$369,900
COMMERCIAL - Lagrange, GA
Property Size2,014 SF
Lot Size0.37 Acres
Price / SF$183.66
Days on Market136
Property Features for 201 New Franklin Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Parking Lot
- Window features
- Display Window(s)
- Standard status
- Active
- APN
- 0611D014016
- Size
- 2,014 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 2665
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Flooring type
- Carpet, Tile
- Building materials
- Wood Siding
Listing Agency
RE/MAX Results
(706) 845-7000
833 New Franklin Road, Lagrange, GA
Listed by
Rob Upchurch · License #202341
(706) 523-0014
Added: Mar 3 Checked: Jul 17 at 7:06 pm
MLS# 10707153
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 commercial corner lot is located in the city of Lagrange. Currently used as a car lot, the property is zoned 16-CR-Mx. It features a curb cut on New Franklin Road as well as West Bacon Street, and includes 14 parking spaces. The building measures just over 2,000 square feet and features a showroom, office space, storage area, and restroom. Only the real estate is for sale, not the business. The lot size is 0.37 acres.
Key Highlights
- Corner commercial lot in Lagrange currently used as a car lot (real estate only; business not included)
- Curb cuts on New Franklin Rd and West Bacon St for access from both streets
- 14 on‑site parking spaces plus parking lot and on‑street parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $18.24 |
| − Vacancy | −$1.7k | −$0.84 |
| EGI | $35.0k | $17.40 |
| − OpEx | −$10.5k | −$5.22 |
| NOI | $24.5k | $12.18 |
2,014 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 6.63%
Second Best
Industrial
$128.4K
$112.3K – $149.8K
NOI $8,985 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,544 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rid'N Steady
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Enterprise Rent-A-Car — 224 Commerce Ave, LaGrange, GA 30241
- U-Haul Neighborhood Dealer — 138 commerce ave, lagrange, ga 30241
- Penske Truck Rental — 401 S Greenwood St, LaGrange, GA 30240
FAQs
What type of property is this?
Parking lot & garage - Commercial lot with showroom, office, storage, and parking.
Where is this parking lot & garage located?
The property is located at 201 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Corner commercial lot in Lagrange currently used as a car lot (real estate only; business not included); Curb cuts on New Franklin Rd and West Bacon St for access from both streets; 14 on‑site parking spaces plus parking lot and on‑street parking
