Mixed-Use Property with Two
For Sale
$2,150,000
4588 Athens Highway, Loganville, GA 30052
Two freestanding commercial buildings offer flexible layouts for retail, office, medical, restaurant, and multi-tenant uses.
Property Size8,733 SF
Lot Size1.26 Acres
Price / SF$246.19
Days on Market608
Property Features for 4588 Athens Highway
General Information
Standard status
Active
Size
8,733 SF
Total Parking Spaces
25
Lot size
1.26 Acres
Property subtype
Commercial Sale / Mixed Use
Zoning
Commercial Highway
Taxes and HOA fees
Annual Taxes
$9,872
Amenities
on-site income-producing billboard
Central Air
Central
Concrete
Concrete Perimeter
One
Pole Sign, Roof Sign
Display Window(s)
Restrooms
Metal
Delivery Door, Semi Turning Available
No
Billboard
Asphalt
Fire Alarm
6
City Street, State Road
Block, Metal Siding, Wood Siding
Building Details
Year Built
1968
Buildings
2
Tenancy
Multi
Listing Agency:
Front Gate Homes
(770) 500-8270
Listed By:
Angie Robinson · License #364032
(770) 500-8270
Source:
Compass
Added: Dec 31, 2024
Changed: Aug 30
Last Checked: Aug 30 at 3:58PM
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 Front Gate Homes
Investment Insights
Based on property information with market context.
This 1.26-acre mixed-use property includes two freestanding commercial buildings totaling 8,733 SF. One building contains 3,483 SF, while the other provides 5,250 SF for retail, office, medical, restaurant, showroom, or multi-tenant configurations. Existing improvements include display windows, restrooms, central air, concrete construction elements, delivery access, paved surfaces, and signage structures.
The property is located at 4588 Athens Highway in Loganville, Georgia, along a city street and state road. Commercial Highway zoning supports a broad range of commercial uses. Current occupancy includes a gun shop, salon, and hot tub retailer. The site also includes a billboard, a semi-turning area, fire alarm equipment, and multiple exterior siding and building materials.
The property is located at 4588 Athens Highway in Loganville, Georgia, along a city street and state road. Commercial Highway zoning supports a broad range of commercial uses. Current occupancy includes a gun shop, salon, and hot tub retailer. The site also includes a billboard, a semi-turning area, fire alarm equipment, and multiple exterior siding and building materials.
Key Highlights
- 1.26‑acre mixed‑use property with two freestanding commercial buildings
- 8,733 SF total across 3,483 SF and 5,250 SF buildings
- Commercial Highway zoning
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
$122,833
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
5.71%
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%
$2,456,660
$2.5M
Cap Rate 7%
$1,754,757
$1.8M
Cap Rate 9%
$1,364,811
$1.4M
Market Conditions
NOI Build-Up for 8,733 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
$191.8K $21.96/SF
− Vacancy
−$16.3K −$1.87/SF
EGI
$175.5K $20.09/SF
− OpEx
−$52.6K −$6.03/SF
NOI
$122.8K $14.07/SF
Area
Walton 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%
$2,456,660
Cap Rate 7%
$1,754,757
Cap Rate 9%
$1,364,811
Alternative Uses
Best Use
Retail
$1.75M
$1.54M – $2.05M
NOI $122,833 @ 7.0% cap · market cap 5.71%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $116,944 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,656 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 30052, GA
74,442
Population
26,768
Households
2.8
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
837
Density / Sq Mi
$90,567
Median Household Income
$43,034
Median Earnings
$1,749
Median Rent
$325,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two freestanding commercial buildings offer flexible layouts for retail, office, medical, restaurant, and multi-tenant uses.
Where is this mixed-use property located?
The property is located at 4588 Athens Highway Loganville, GA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 1.26‑acre mixed‑use property with two freestanding commercial buildings; 8,733 SF total across 3,483 SF and 5,250 SF buildings; Commercial Highway zoning
