Retail Shops and Commercial
For Sale
$529,000
6004 Highway 42 Rex, Rex, GA 30273
Retail shops with commercial land available for development.
Property Size1,872 SF
Price / SF$282.59
Days on Market250
Property Features for 6004 Highway 42 Rex
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Mixed Use
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Commercial Bullard
(404) 229-4336
Listed By:
Adam Shekarabi · License #381842
(404) 229-4336
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
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 Bullard
Investment Insights
Based on property information with market context.
The property features a strip of retail shops, including a tire shop and a restaurant, along with a billboard. Additionally, there is over one acre of commercial land available for further development of retail or other commercial buildings. The site benefits from access to utilities and sewer services. The property has 231 feet of frontage on GA-42. It is commercially zoned for general business (GB). The property includes 1,872 square feet of retail space and 64,468.8 square feet of land. The property offers ample parking spaces. The property is located at 6004 Highway 42 Rex, Rex, GA 30273. The property could potentially accommodate a gas station with a conditional use permit.
Key Highlights
- Prime location with 231 feet of frontage on GA‑42.
- Over 1 acre (64,468.8 sqft) of commercially zoned (GB) land suitable for development.
- Existing income‑generating strip retail shops including a Tire Shop, Restaurant, and Billboard.
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
$26,330
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
4.98%
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%
$526,600
$526.6K
Cap Rate 7%
$376,143
$376.1K
Cap Rate 9%
$292,556
$292.6K
Market Conditions
NOI Build-Up for 1,872 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
$41.1K $21.96/SF
− Vacancy
−$3.5K −$1.87/SF
EGI
$37.6K $20.09/SF
− OpEx
−$11.3K −$6.03/SF
NOI
$26.3K $14.07/SF
Area
Clayton 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 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%
$526,600
Cap Rate 7%
$376,143
Cap Rate 9%
$292,556
Alternative Uses
Best Use
Retail
$376.1K
$329.1K – $438.8K
NOI $26,330 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.3K
$457.9K – $610.5K
NOI $36,631 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 30273, GA
18,597
Population
6,548
Households
2.8
Avg Household Size
36
Median Age
25%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
2,619
Density / Sq Mi
$68,255
Median Household Income
$36,527
Median Earnings
$1,441
Median Rent
$184,500
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.
Frequently Asked Questions
What type of property is this?
Strip mall - Retail shops with commercial land available for development.
Where is this strip mall located?
The property is located at 6004 Highway 42 Rex Rex, GA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Prime location with **231 feet of frontage on GA‑42**.; Over 1 acre (64,468.8 sqft) of commercially zoned (GB) land suitable for development.; Existing income‑generating strip retail shops including a Tire Shop, Restaurant, and Billboard.
