Freestanding Storefront with
For Sale
$2,200,000
62 Keys Ferry St, McDonough, GA 30253
Standalone retail improvements offer a drive-through configuration near Historic McDonough Square.
Property Size6,263 SF
Days on Market51
Property Features for 62 Keys Ferry St
General Information
Standard status
Active
Size
6,263 SF
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Building Size
6,263 SF
Year Built
1980
Buildings
1
Listing Agency:
Coldwell Banker Commercial Metro Brokers
Listed By:
Greg Nobles · License #133135
(678) 320-4800
Source:
Commercialcafe
Added: Jul 26
Changed: Sep 2
Last Checked: Sep 13 at 5:17AM
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 Metro Brokers
Investment Insights
Based on property information with market context.
This freestanding storefront property includes an existing drive-through configuration and was built in 1980. The building provides an established retail structure for a buyer evaluating continued commercial use or a repositioning plan.
Located at 62 Keys Ferry St in McDonough, Georgia, the property is near Historic McDonough Square. Its proximity to the square places the site within an established city-center setting.
Located at 62 Keys Ferry St in McDonough, Georgia, the property is near Historic McDonough Square. Its proximity to the square places the site within an established city-center setting.
Key Highlights
- Freestanding storefront property with drive‑through configuration
- Built in 1980
- Near Historic McDonough Square
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
$88,091
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
4.00%
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%
$1,761,820
$1.8M
Cap Rate 7%
$1,258,443
$1.3M
Cap Rate 9%
$978,789
$978.8K
Market Conditions
NOI Build-Up for 6,263 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
$137.5K $21.96/SF
− Vacancy
−$11.7K −$1.87/SF
EGI
$125.8K $20.09/SF
− OpEx
−$37.8K −$6.03/SF
NOI
$88.1K $14.07/SF
Area
Henry 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%
$1,761,820
Cap Rate 7%
$1,258,443
Cap Rate 9%
$978,789
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,091 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,552 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Martha Mae's Floral & Gifts - McDonough — Inside Moye's, 62 Keys Ferry St Suite B, McDonough, GA 30253
- McDonough Flower & Gifts — 162 keys ferry st, mcdonough, ga 30253
- Roses Enfinity 2 — 240 Keys Ferry St, McDonough, GA 30253
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail improvements offer a drive-through configuration near Historic McDonough Square.
Where is this storefront property located?
The property is located at 62 Keys Ferry St McDonough, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Freestanding storefront property with drive‑through configuration; Built in 1980; Near Historic McDonough Square
