Listing Agency: BHHS Georgia Properties j***@bhhsgeorgia.com Show Phone

Listed By: Joy Barnes · License #243263 Show Phone

Source: Exprealty

Added: Aug 15, 2024 Changed: Oct 2 Last Checked: Oct 19 at 8:02AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This commercial manufacturing building has housed a cabinet shop for nearly 30 years. The property is located in Turin, a small community described as having a flower shop, food truck park, and mix of established businesses.

The building offers a documented commercial-use history in a community positioned between Sharpsburg and Senoia, with Downtown Senoia located nearby.

Key Highlights

• Nearly 30 years of cabinet‑shop operating history
• Located in Turin between Sharpsburg and Senoia
• Community includes a flower shop, food truck park, and established businesses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,671

Cap Rate

3.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,420 $253.4K

Cap Rate 7%

$181,014 $181.0K

Cap Rate 9%

$140,789 $140.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$19.7K $9.48/SF

− Vacancy

−$1.6K −$0.78/SF

EGI

$18.1K $8.70/SF

− OpEx

−$5.4K −$2.61/SF

NOI

$12.7K $6.09/SF

Area

Coweta County, GA

Vacancy

8.20%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,420

Cap Rate 7%

$181,014

Cap Rate 9%

$140,789

Alternative Uses

Best Use

Industrial

$181.0K

$158.4K – $211.2K (±1% cap)

NOI $12,671 @ 7.0% cap · market cap 3.62%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$581.4K

$508.8K – $678.4K (±1% cap)

NOI $40,701 @ 7.0% cap · market cap 11.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Electrical Service HVAC Service Big Box & Wholesale Store Garden Center Auto Parts Store

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

4

Businesses Nearby

Explore this area Business Placement

Demographics for 30276, GA

18,375

Population

7,171

Households

2.6

Avg Household Size

39

Median Age

33%

College-Educated

95%

High-School Grad

96.1 sq mi

ZIP Area

191

Density / Sq Mi

$103,311

Median Household Income

$57,852

Median Earnings

$1,227

Median Rent

$372,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Commercial building with nearly three decades of cabinet-shop operating history.

Where is this manufacturing property located?

The property is located at 11 S Hunter St Senoia, GA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Nearly 30 years of cabinet‑shop operating history; Located in Turin between Sharpsburg and Senoia; Community includes a flower shop, food truck park, and established businesses