Auto Shop Property with Three
For Sale
$1,000,000
1128 West Avenue SW, Conyers, GA 30012
Commercial Sale, Conyers, GA
Property Size7,000 SF
Lot Size1.15 Acres
Price / SF$142.86
Days on Market816
Property Features for 1128 West Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Lot features
Interior Lot
Directions
See GPS.
Standard status
Active
APN
C160010014
Size
7,000 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
7980
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Building materials
Steel Siding, Vinyl Siding
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 692-0888
Listed By:
Chris Hightower · License #402562
(678) 859-8618
Added: Jun 6, 2024
Changed: Aug 19
Last Checked: Aug 30 at 6:06PM
MLS# 10313523
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.15-acre automotive property includes approximately 7,000 square feet across three buildings: two mechanic shops and a car dealership lot. The site is configured for automotive operations and has current tenants in place, with rental income being generated. Improvements date to 2004 and feature steel and vinyl siding, central heating and central air, plus fencing around the property.
The property is positioned at a signalized intersection in Conyers, Georgia, seconds from I-20. Public water and public sewer serve the site, and water is available. Its location provides direct access to a major regional route while supporting the existing automotive-oriented layout.
The property is positioned at a signalized intersection in Conyers, Georgia, seconds from I-20. Public water and public sewer serve the site, and water is available. Its location provides direct access to a major regional route while supporting the existing automotive-oriented layout.
Key Highlights
- 1.15‑acre automotive property
- Approximately 7,000 square feet across 3 buildings
- Includes 2 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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,099
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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- Sims Radiator Services — 1178 Royal Dr SW, Conyers, GA 30094
- Gold Roger's Towing and Roadside — 1258 Green St SE, Conyers, GA 30012
Frequently Asked Questions
What type of property is this?
Auto shop - Three-building automotive property with two mechanic shops and a dealership lot.
Where is this auto shop located?
The property is located at 1128 West Avenue 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; Approximately 7,000 square feet across 3 buildings; Includes 2 mechanic shops and a car dealership lot
