Building Details

Building Size 1,920 SF

Year Built 1920

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

Listed By: Joy Barnes Show Phone

Source: Blackstreaminternational

Added: Sep 5 Changed: Sep 9 Last Checked: Sep 10 at 7:28AM

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Investment Insights

Based on property information with market context.

This 2,080-square-foot manufacturing property at 11 South Hunter Street in Turin was built in 1920. The building has housed a cabinet shop for nearly 30 years, providing a documented history of commercial use.

Turin is positioned between Sharpsburg and Senoia, with historic Downtown Senoia located nearby. The surrounding town includes established businesses, a flower shop, and a food truck park, reflecting a mix of commercial activity in the area.

Key Highlights

• 2,080‑square‑foot manufacturing property
• Built in 1920
• Cabinet‑shop use for nearly 30 years

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

$12,671

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

3.62%

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%

$253,420 $253.4K

Cap Rate 7%

$181,014 $181.0K

Cap Rate 9%

$140,789 $140.8K

Market Conditions

NOI Build-Up for 2,080 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

$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 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%

$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.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply HVAC Service Electrical 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

61

Businesses Nearby

Explore this area Business Placement

Demographics for 30289, GA

44

Population

6

Households

7.3

Avg Household Size

40

Median Age

23%

College-Educated

100%

High-School Grad

0.1 sq mi

ZIP Area

440

Density / Sq Mi

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

Questions? Ask Rey

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

Frequently Asked Questions

What type of property is this?

Manufacturing property - Established commercial property in Turin with a long history of cabinet-shop use.

Where is this manufacturing property located?

The property is located at 11 South Hunter Street Turin, 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: 2,080‑square‑foot manufacturing property; Built in 1920; Cabinet‑shop use for nearly 30 years