Building Details

Year Built 1910

Buildings 1

Listing Agency: Prosperity Real Estate Group

Listed By: Kacie Edwards Show Phone

Source: Broadandmainrealestate

Added: Jul 21 Changed: Sep 13 Last Checked: Oct 7 at 1:56PM

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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 Prosperity Real Estate Group

Investment Insights

Based on property information with market context.

This 1,080-square-foot storefront property was built in 1910 and has undergone renovation with updated interior finishes, a new roof, and refreshed exterior presentation. The configuration supports administrative office or retail use, with the improvements positioned for occupancy without requiring a major initial update.

The building is located at 116 S Talbotton St in downtown Greenville, Georgia, at an intersection described as carrying substantial pedestrian and vehicle activity. Its central setting and storefront format provide a practical foundation for businesses seeking a visible commercial presence in the downtown area.

Key Highlights

• 1,080 SF storefront building
• Renovated with updated interiors and premium finishes
• New roof included among recent improvements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,191

Cap Rate

9.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,820 $303.8K

Cap Rate 7%

$217,014 $217.0K

Cap Rate 9%

$168,789 $168.8K

Market Conditions

NOI Build-Up for 1,080 SF

Gross rent

$23.7K $21.96/SF

− Vacancy

−$2.0K −$1.87/SF

EGI

$21.7K $20.09/SF

− OpEx

−$6.5K −$6.03/SF

NOI

$15.2K $14.07/SF

Area

Meriwether County, GA

Vacancy

8.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,820

Cap Rate 7%

$217,014

Cap Rate 9%

$168,789

Alternative Uses

Best Use

Retail

$217.0K

$189.9K – $253.2K (±1% cap)

NOI $15,191 @ 7.0% cap · market cap 9.05%

Second Best

Office B

$206.6K

$180.8K – $241.0K (±1% cap)

NOI $14,462 @ 7.0% cap · market cap 8.61%

Theoretical Best

Office A

$301.9K

$264.2K – $352.2K (±1% cap)

NOI $21,133 @ 7.0% cap · market cap 12.59%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Garden Center Bakery (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop Real Estate Agency

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

159

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30222, GA

4,143

Population

2,091

Households

2

Avg Household Size

47

Median Age

10%

College-Educated

80%

High-School Grad

150.7 sq mi

ZIP Area

27

Density / Sq Mi

$63,281

Median Household Income

$38,690

Median Earnings

$857

Median Rent

$115,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront 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?

Storefront property - Updated interiors and a new roof support office or retail occupancy.

Where is this storefront property located?

The property is located at 116 S Talbotton St Greenville, GA.

What is the asking price?

The asking price for this property is $167,900.

What are key features of this property?

This property features: 1,080 SF storefront building; Renovated with updated interiors and premium finishes; New roof included among recent improvements