Leased Storefront Property with
For Sale
$2,000,000
3737 Main Street, College Park, GA 30337
Commercial Sale, College Park, GA
Property Size10,236 SF
Lot Size0.09 Acres
Price / SF$195.39
Days on Market8
Property Features for 3737 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street
Lot features
Corner Lot
Directions
GPS Friendly
Standard status
Active
APN
14 016100060901
Size
10,236 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9766
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1920
Building materials
Brick, Concrete, Wood Siding
Listing Agency:
HomeSmart
(404) 876-4901
Listed By:
Chrishuna White
(678) 997-7393
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 10827062
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.
3737 Main Street is a 10,236-square-foot storefront property assembled across three parcels in Downtown College Park. The building is fully leased, with 15 occupied spaces that include eight storefronts, five salon suites, and an additional side-street space suited to bar, lounge, or other permitted use.
A private-entry loft and event area of approximately 3,000 SF adds a separate component with a full kitchen, bathroom, and laundry room. The property contains seven bathrooms overall and approximately 20 rear parking spaces, supported by additional on-street parking. Built in 1920, the building has brick, concrete, and wood siding construction, central air, forced-air and central heating, public water, and public sewer.
A private-entry loft and event area of approximately 3,000 SF adds a separate component with a full kitchen, bathroom, and laundry room. The property contains seven bathrooms overall and approximately 20 rear parking spaces, supported by additional on-street parking. Built in 1920, the building has brick, concrete, and wood siding construction, central air, forced-air and central heating, public water, and public sewer.
Key Highlights
- 100% leased with all 15 of 15 spaces occupied
- Three parcels totaling 10,236 square feet of building area
- Eight storefront spaces and five salon spaces
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
$131,381
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
6.57%
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%
$2,627,620
$2.6M
Cap Rate 7%
$1,876,871
$1.9M
Cap Rate 9%
$1,459,789
$1.5M
Market Conditions
NOI Build-Up for 10,236 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
$196.5K $19.20/SF
− Vacancy
−$8.8K −$0.86/SF
EGI
$187.7K $18.34/SF
− OpEx
−$56.3K −$5.50/SF
NOI
$131.4K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /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%
$2,627,620
Cap Rate 7%
$1,876,871
Cap Rate 9%
$1,459,789
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,381 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,295 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30337, GA
11,810
Population
5,702
Households
2.1
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
12.2 sq mi
ZIP Area
968
Density / Sq Mi
$49,472
Median Household Income
$32,272
Median Earnings
$1,109
Median Rent
$311,900
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?
Storefront property - Fully occupied commercial property with storefront, salon, and event-oriented space.
Where is this storefront property located?
The property is located at 3737 Main Street College Park, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 100% leased with all 15 of 15 spaces occupied; Three parcels totaling 10,236 square feet of building area; Eight storefront spaces and five salon spaces
