Building Details

Buildings 1

Listing Agency: Re/Max Results r***@outlook.com Show Phone

Listed By: Morgan Marlowe · License #86587 Show Phone

Source: Exprealty

Added: Jun 16 Changed: Oct 6 Last Checked: Oct 5 at 8:23PM

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Investment Insights

Based on property information with market context.

This 2,382-square-foot commercial storefront is newly constructed and currently arranged as a builder’s showroom. The interior includes a dedicated conference room, with a layout that can be adapted for other business operations. The property is located at 102 S College St in Hamilton, Georgia, within Hamilton Square and near several civic and community facilities.

The Harris County Courthouse, Harris County School District Central Office, Mercer Medicine, UGA Extension Office, and Sheriff’s office are all nearby. The 13.5-mile, 10-foot-wide paved Man O’War walking trail brings daily guests into Hamilton, while three Harris County schools, county recreation facilities, and the library contribute additional activity in the area.

Key Highlights

• 2,382 sq ft of newly constructed commercial space
• Currently configured as a builder’s showroom
• Dedicated conference room included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,014

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,280 $580.3K

Cap Rate 7%

$414,486 $414.5K

Cap Rate 9%

$322,378 $322.4K

Market Conditions

NOI Build-Up for 2,382 SF

Gross rent

$43.4K $18.24/SF

− Vacancy

−$2.0K −$0.84/SF

EGI

$41.4K $17.40/SF

− OpEx

−$12.4K −$5.22/SF

NOI

$29.0K $12.18/SF

Area

Harris County, GA

Vacancy

4.60%

Lease Rate

$18.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$580,280

Cap Rate 7%

$414,486

Cap Rate 9%

$322,378

Alternative Uses

Best Use

Retail

$414.5K

$362.7K – $483.6K (±1% cap)

NOI $29,014 @ 7.0% cap · market cap 4.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$533.0K

$466.4K – $621.8K (±1% cap)

NOI $37,308 @ 7.0% cap · market cap 5.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Harris County Ga ... City Courthouse Harris County Magistrate ... Government Office Harris Tax Collections ... Tax Department Harris County Superior ... County Court Harris County Probate ... County Court

Suggested Use

Top Pick HVAC Service Auto Repair Shop Furniture & Home Goods Pharmacy Kitchen & Bath Showroom Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

154

Businesses Nearby

16k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 85% Dining 15%

Circle K Shops & Services

11,516 visits/mo 0.1 miles

SUBWAY Dining

2,383 visits/mo 0.1 miles

Valero Energy Shops & Services

2,274 visits/mo 0.2 miles

Demographics for 31811, GA

6,274

Population

2,297

Households

2.7

Avg Household Size

40

Median Age

34%

College-Educated

92%

High-School Grad

130.8 sq mi

ZIP Area

48

Density / Sq Mi

$91,290

Median Household Income

$41,865

Median Earnings

$1,028

Median Rent

$266,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - New construction includes a conference room and a layout currently configured for showroom use.

Where is this storefront property located?

The property is located at 102 S College St Hamilton, GA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 2,382 sq ft of newly constructed commercial space; Currently configured as a builder’s showroom; Dedicated conference room included