Retail Building with
For Sale
$2,650,000
1100 Ball St, Perry, GA 31069
C-3-zoned retail property with public utilities, three-phase power, paved parking, and a signalized intersection location.
Property Size14,859 SF
Lot Size2.32 Acres
Price / SF$178.34
Days on Market50
Property Features for 1100 Ball St
General Information
Standard status
Active
Size
14,859 SF
Total Parking Spaces
67
Lot size
2.32 Acres
Property subtype
Other
Zoning
C-3
Additional Details
Utilities to Site
Yes
Building Details
Building Size
14,859 SF
Year Built
2008
Listing Agency:
Coldwell Banker Commercial Eberhardt & Barry
Listed By:
Patrick Barry
(478) 746-8171
Source:
Commercialcafe
Added: Jul 30
Changed: Sep 11
Last Checked: Sep 16 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Eberhardt & Barry
Investment Insights
Based on property information with market context.
This 14,859 SF retail property was built in 2008 on 2.32± acres and features 16' 2" clear height, 35' x 40' base spacing, and 103' x 108' of interior space. The building includes one 8' roll-up door, a drive-thru, signage availability, and men’s and women’s three-fixture bathrooms with a wash room between them.
The property is located at a signalized intersection in Perry, Georgia, with 67 paved and striped parking spaces. All public utilities serve the site, including three-phase power, and the property is zoned C-3.
The property is located at a signalized intersection in Perry, Georgia, with 67 paved and striped parking spaces. All public utilities serve the site, including three-phase power, and the property is zoned C-3.
Key Highlights
- 14,859 SF retail building on 2.32± acres
- Built in 2008 with 16' 2" clear height
- 103' x 108' interior space with 35' x 40' base spacing
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
$186,156
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
7.02%
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%
$3,723,120
$3.7M
Cap Rate 7%
$2,659,371
$2.7M
Cap Rate 9%
$2,068,400
$2.1M
Market Conditions
NOI Build-Up for 14,859 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
$290.6K $19.56/SF
− Vacancy
−$24.7K −$1.66/SF
EGI
$265.9K $17.90/SF
− OpEx
−$79.8K −$5.37/SF
NOI
$186.2K $12.53/SF
Area
Houston County, GA
Vacancy
8.50%
Lease Rate
$19.56 /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%
$3,723,120
Cap Rate 7%
$2,659,371
Cap Rate 9%
$2,068,400
Alternative Uses
Best Use
Retail
$2.66M
$2.33M – $3.10M
NOI $186,156 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,497 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 14%
Dining 12%
Marathon Petroleum
Shops & Services
2,971 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
1,870 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,822 visits/mo
0.5 miles
Cadence Bank
Shops & Services
1,696 visits/mo
0.1 miles
Domino's Pizza
Dining
1,587 visits/mo
0.0 miles
Demographics for 31069, GA
22,915
Population
9,389
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
99.8 sq mi
ZIP Area
230
Density / Sq Mi
$75,526
Median Household Income
$48,601
Median Earnings
$997
Median Rent
$205,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - C-3-zoned retail property with public utilities, three-phase power, paved parking, and a signalized intersection location.
Where is this retail space located?
The property is located at 1100 Ball St Perry, GA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 14,859 SF retail building on 2.32± acres; Built in 2008 with 16' 2" clear height; 103' x 108' interior space with 35' x 40' base spacing
