Freestanding Fitness Center
For Sale
$359,900
6003 Main Street, Lula, GA 30554
Commercial Sale, Lula, GA
Property Size1,710 SF
Lot Size0.11 Acres
Price / SF$210.47
Days on Market374
Property Features for 6003 Main Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C2
Parking
12
Parking features
Parking Lot, On Street
Window features
Display Window(s)
Interior features
Restrooms
Lot features
Corner Lot
View
Park
Directions
From Gainesville, take HWY 23 to Lula. Building on the left at the corner of Main Street and Athens Street. No signage. I-985N, merge onto US-23N, then turn right onto Belton Bridge Road. Turn right onto Main Street, and the Property will be on the right.
Standard status
Active
APN
09071 009008
Size
1,710 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1864
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Flooring type
Laminate, Carpet
Building materials
Block, Brick
Roof type
Asphalt
Listing Agency:
Dream Homes Realty, Inc.
(678) 725-2786
Listed By:
Peggy Clouse · License #211492
(770) 945-7774
Added: Aug 28, 2025
Changed: Sep 2
Last Checked: Sep 5 at 10:06PM
MLS# 7640436
Copyright © 2026 First Multiple Listing Service, Inc. 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 freestanding commercial building offers 1,710 square feet on a 0.11-acre lot. The interior includes a reception area, restroom, office, two changing rooms, and a larger open room, providing a configuration suited to fitness-related operations and other commercial applications. Block and brick construction, carpet and laminate flooring, central heating, and central air are in place. Built in 1998, the property also includes 12 parking spaces.
The property is located at 6003 Main Street in Lula, Georgia, across from Lula Depot and Veterans Memorial Park. It carries C2 zoning and is served by public water and public sewer, with cable available. On-street parking supplements the dedicated parking area. The layout and existing improvements can support consideration of business offices, retail, bakery, food and beverage, and professional service uses, subject to applicable approvals.
The property is located at 6003 Main Street in Lula, Georgia, across from Lula Depot and Veterans Memorial Park. It carries C2 zoning and is served by public water and public sewer, with cable available. On-street parking supplements the dedicated parking area. The layout and existing improvements can support consideration of business offices, retail, bakery, food and beverage, and professional service uses, subject to applicable approvals.
Key Highlights
- 1,710‑square‑foot freestanding commercial building on a 0.11‑acre lot
- Interior includes reception area, restroom, office, two changing rooms, and a larger room
- 12 parking spaces, plus on‑street parking
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
$19,715
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
5.48%
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%
$394,300
$394.3K
Cap Rate 7%
$281,643
$281.6K
Cap Rate 9%
$219,056
$219.1K
Market Conditions
NOI Build-Up for 1,710 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
$30.8K $18.00/SF
− Vacancy
−$2.6K −$1.53/SF
EGI
$28.2K $16.47/SF
− OpEx
−$8.4K −$4.94/SF
NOI
$19.7K $11.53/SF
Area
Hall County, GA
Vacancy
8.50%
Lease Rate
$18.00 /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%
$394,300
Cap Rate 7%
$281,643
Cap Rate 9%
$219,056
Alternative Uses
Best Use
Retail
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,522 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30554, GA
8,394
Population
3,476
Households
2.4
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
71.5 sq mi
ZIP Area
117
Density / Sq Mi
$81,789
Median Household Income
$42,386
Median Earnings
$985
Median Rent
$239,400
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
- north georgia upper cervical clinics — 6110 Banks St, Lula, GA 30554
Frequently Asked Questions
What type of property is this?
Fitness center & gym - C2-zoned commercial building with flexible interior rooms, public utilities, and on-site parking in Lula.
Where is this fitness center & gym located?
The property is located at 6003 Main Street Lula, GA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,710‑square‑foot freestanding commercial building on a 0.11‑acre lot; Interior includes reception area, restroom, office, two changing rooms, and a larger room; 12 parking spaces, plus on‑street parking
