Multi-Building Auto Shop
For Sale
$1,000,000
1128 West Ave SW, Conyers, GA 30012
Three-building automotive property with mechanic-shop improvements, a dealership lot, and established tenants.
Property Size7,000 SF
Lot Size1.15 Acres
Price / SF$142.86
Days on Market40
Property Features for 1128 West Ave SW
General Information
Standard status
Active
Size
7,000 SF
Lot size
1.15 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Buildings
3
Listing Agency:
Keller Williams Realty Atl. Partners
(678) 859-8618
Listed By:
Chris Hightower · License #402562
Source:
Jetsetrealty
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 8:03PM
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 Keller Williams Realty Atl. Partners
Investment Insights
Based on property information with market context.
This automotive property comprises 3 buildings on 1.15 acres, with approximately 7,000 square feet of total property size. The improvements include two mechanic shops and a car dealership lot, creating a multi-use commercial setup for automotive operations. Constructed in 2004, the property currently has tenants in place.
Access is supported by a signalized intersection location near I-20 in Conyers, Georgia. The site is positioned on West Ave SW and offers proximity to the interstate corridor. Its automotive-oriented improvements and existing occupancy provide a straightforward platform for continued commercial use.
Access is supported by a signalized intersection location near I-20 in Conyers, Georgia. The site is positioned on West Ave SW and offers proximity to the interstate corridor. Its automotive-oriented improvements and existing occupancy provide a straightforward platform for continued commercial use.
Key Highlights
- 1.15‑acre automotive property with 3 buildings
- Approximately 7,000 square feet of property size
- Two mechanic shops and a car dealership lot
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
$42,643
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
4.26%
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%
$852,860
$852.9K
Cap Rate 7%
$609,186
$609.2K
Cap Rate 9%
$473,811
$473.8K
Market Conditions
NOI Build-Up for 7,000 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
$66.4K $9.48/SF
− Vacancy
−$5.4K −$0.78/SF
EGI
$60.9K $8.70/SF
− OpEx
−$18.3K −$2.61/SF
NOI
$42.6K $6.09/SF
Area
Rockdale 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%
$852,860
Cap Rate 7%
$609,186
Cap Rate 9%
$473,811
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,458 @ 7.0% cap · market cap 9.85%
Second Best
Industrial
$609.2K
$533.0K – $710.7K
NOI $42,643 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,592 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
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.
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- Blackwells automotive and performance — 1188 Royal Dr SW #6617, Conyers, GA 30094
Frequently Asked Questions
What type of property is this?
Auto shop - Three-building automotive property with mechanic-shop improvements, a dealership lot, and established tenants.
Where is this auto shop located?
The property is located at 1128 West Ave SW Conyers, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1.15‑acre automotive property with 3 buildings; Approximately 7,000 square feet of property size; Two mechanic shops and a car dealership lot
