Three-Bay Auto
For Sale
$169,900
224 E 6th Avenue, Buena Vista, GA 31803
Commercial Sale, Buena Vista, GA
Property Size3,500 SF
Lot Size0.30 Acres
Price / SF$48.54
Days on Market123
Property Features for 224 E 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Paved
Lot features
Free Standing
Directions
From Columbus Take Us 280e Toward Cusseta, Then Left Onto Ga Hwy 26e To Buena Vista, Go Straight At Light And Property Will Be 1 Mi On Left
Subdivision
Marion
Standard status
Active
APN
C 08 3 11
Size
3,500 SF
Lot size
0.30 Acres
Utilities
Utilities
Water Available
Heating system
See Remarks (Heating)
Cooling system
Window Unit(s)
Amenities
office
waiting area
mini kitchen
restrooms
storage room
roll-up doors
drive-through bay
three-phase power
lift
paved parking
gravel parking
Building Details
Year built
1994
Number of units
1
Flooring type
Concrete
Building materials
Block
Listing Agency:
Better Homes and Gardens Historic
(706) 718-0918
Listed By:
Chris Rogers · License #157060
(229) 236-0847
Added: May 5
Changed: Aug 27
Last Checked: Sep 4 at 9:06PM
MLS# 226390
Copyright © 2026 Columbus Board of Realtors (GA). 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 3,500-square-foot auto shop occupies a 0.3-acre commercial parcel and includes three service bays, including one with a lift. Four large roll-up doors and a drive-through bay connect the front and rear of the property. The interior provides an office, front counter, waiting area, mini kitchen, two restrooms, and a storage room. Block construction, concrete flooring, three-phase power, a new roof, and recent interior and exterior paint are among the property’s documented features. Conveyed personal property includes lifts, compressors, work tables, and the front counter.
Located along GA Hwy 26 East, the property sits a couple of blocks from Buena Vista’s courthouse square. Customer and employee parking is available in a paved area at the front, with additional gravel parking and street frontage on 5th Ave behind the building. Water is available, and the property includes window-unit cooling.
Located along GA Hwy 26 East, the property sits a couple of blocks from Buena Vista’s courthouse square. Customer and employee parking is available in a paved area at the front, with additional gravel parking and street frontage on 5th Ave behind the building. Water is available, and the property includes window-unit cooling.
Key Highlights
- 3,500‑square‑foot auto shop on a 0.3‑acre commercial parcel
- Three service bays, including one equipped with a lift
- Four large roll‑up doors plus a drive‑through bay
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
$15,568
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
9.16%
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%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 3,500 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
$23.9K $6.84/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$22.2K $6.35/SF
− OpEx
−$6.7K −$1.91/SF
NOI
$15.6K $4.45/SF
Area
Marion County, GA
Vacancy
7.10%
Lease Rate
$6.84 /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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Retail
$609.0K
$532.9K – $710.5K
NOI $42,632 @ 7.0% cap · market cap 25.09%
Second Best
Industrial
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$783.1K
$685.2K – $913.7K
NOI $54,819 @ 7.0% cap · market cap 32.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Dollar General
Shops & Services
5,313 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,354 visits/mo
0.3 miles
SUBWAY
Dining
1,654 visits/mo
0.1 miles
Ameris Bank
Shops & Services
1,588 visits/mo
0.4 miles
Carquest Auto Parts
Shops & Services
1,458 visits/mo
0.3 miles
Demographics for 31803, GA
4,889
Population
2,417
Households
2
Avg Household Size
44
Median Age
13%
College-Educated
74%
High-School Grad
285.0 sq mi
ZIP Area
17
Density / Sq Mi
$45,646
Median Household Income
$44,311
Median Earnings
$724
Median Rent
$120,200
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.
Similar Off Market Nearby
- Moon Rogers Motor Co Inc — 306 Broad St, Buena Vista, GA 31803
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- D & S tire shop — 127 E 6th Ave, Buena Vista, GA 31803
- Dirke'S Automotive — 109 N, 109 Forsyth St, Buena Vista, GA 31803
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned facility with service bays, customer waiting space, offices, storage, and paved parking.
Where is this auto shop located?
The property is located at 224 E 6th Avenue Buena Vista, GA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 3,500‑square‑foot auto shop on a 0.3‑acre commercial parcel; Three service bays, including one equipped with a lift; Four large roll‑up doors plus a drive‑through bay
