One-Tenant Retail
For Sale
Contact for pricing
1297 Mount Zion Road, Morrow, GA 30260
Single-tenant retail plaza offered for sale in the Atlanta metro, with existing rental income under a below-market rate per seller.
Property Size7,500 SF
Price / SF$154.66
Days on Market100
Property Features for 1297 Mount Zion Road
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$89,900
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License #GA 311619
Source:
Crexi
Added: Jun 12
Changed: Sep 18
Last Checked: Sep 19 at 6:28AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to present the Atlanta Metro Plaza, a 7,500 SF, one-tenant retail plaza located at 1297 Mount Zion Rd in Morrow, GA. The property is configured as a single space, providing a straightforward setup for an owner seeking a retail asset tied to one occupying tenant. The offering is structured as a for-sale investment with a current in-place rent of approximately $6.44/SF, as stated in the seller’s materials.
According to the public remarks, the current rental rate is described as below comparable area asking rents of approximately $12 to $15/SF. This gap is presented by the seller as an opportunity for investors who want to work from an established occupancy, with room to adjust terms over time. The offering focuses on the existing tenant space and the rental profile noted above.
For buyers evaluating retail investments with a single tenant and an actively paying tenancy, the Atlanta Metro Plaza offers a simple operating model. Prospective investors and tenant representatives can underwrite based on the in-place rental figure provided in the listing materials, while considering how future rent adjustments may align with comparable asking ranges cited by the seller.
According to the public remarks, the current rental rate is described as below comparable area asking rents of approximately $12 to $15/SF. This gap is presented by the seller as an opportunity for investors who want to work from an established occupancy, with room to adjust terms over time. The offering focuses on the existing tenant space and the rental profile noted above.
For buyers evaluating retail investments with a single tenant and an actively paying tenancy, the Atlanta Metro Plaza offers a simple operating model. Prospective investors and tenant representatives can underwrite based on the in-place rental figure provided in the listing materials, while considering how future rent adjustments may align with comparable asking ranges cited by the seller.
Key Highlights
- 7,500 SF Atlanta metro retail plaza built in 1978
- Single‑tenant property at 1297 Mount Zion Rd in Morrow, GA
- In‑place rent is approximately $6.44/SF in one tenant space
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
$105,490
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
9.09%
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%
$2,109,800
$2.1M
Cap Rate 7%
$1,507,000
$1.5M
Cap Rate 9%
$1,172,111
$1.2M
Market Conditions
NOI Build-Up for 7,500 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
$164.7K $21.96/SF
− Vacancy
−$14.0K −$1.87/SF
EGI
$150.7K $20.09/SF
− OpEx
−$45.2K −$6.03/SF
NOI
$105.5K $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%
$2,109,800
Cap Rate 7%
$1,507,000
Cap Rate 9%
$1,172,111
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,490 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,758 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 30260, GA
27,864
Population
9,858
Households
2.8
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
10.9 sq mi
ZIP Area
2,556
Density / Sq Mi
$55,212
Median Household Income
$34,692
Median Earnings
$1,391
Median Rent
$189,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail plaza offered for sale in the Atlanta metro, with existing rental income under a below-market rate per seller.
Where is this retail space located?
The property is located at 1297 Mount Zion Road Morrow, GA.
What is the asking price?
The asking price for this property is $1,159,948.
What are key features of this property?
This property features: 7,500 SF Atlanta metro retail plaza built in 1978; Single‑tenant property at 1297 Mount Zion Rd in Morrow, GA; In‑place rent is approximately $6.44/SF in one tenant space
