Downtown Retail
For Sale
$495,000
14 E Johnston St, Forsyth, GA 31029
The 1921 building offers 2,364 square feet for retail or professional office use.
Property Size2,364 SF
Price / SF$209.39
Days on Market23
Property Features for 14 E Johnston St
General Information
Standard status
Active
Size
2,364 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1921
Listing Agency:
SouthSide, REALTORS
Listed By:
Chad Tyler · License #384437
(478) 731-7072
Source:
Jetsetrealty
Added: Oct 4
Changed: Oct 25
Last Checked: Oct 6 at 12:43AM
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 SouthSide, REALTORS
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Investment Insights
Based on property information with market context.
This 2,364-square-foot retail building was constructed in 1921 and is described as suitable for retail or professional office use.
The property is at 14 E Johnston St in downtown Forsyth, within walking distance of dining and shopping. It is less than one mile from I-75 and near the historic courthouse square.
The property is at 14 E Johnston St in downtown Forsyth, within walking distance of dining and shopping. It is less than one mile from I-75 and near the historic courthouse square.
Key Highlights
- 2,364‑square‑foot retail building
- Built in 1921
- Retail or professional office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,495
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,900
$449.9K
Cap Rate 7%
$321,357
$321.4K
Cap Rate 9%
$249,944
$249.9K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$34.0K $14.40/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$32.1K $13.59/SF
− OpEx
−$9.6K −$4.08/SF
NOI
$22.5K $9.52/SF
Area
Monroe County, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,900
Cap Rate 7%
$321,357
Cap Rate 9%
$249,944
Alternative Uses
Best Use
Retail
$321.4K
$281.2K – $374.9K
NOI $22,495 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$452.3K
$395.7K – $527.7K
NOI $31,659 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
214k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 28%
Home Improvements & Furnishings 9%
Hotels & Casinos 1%
McDonald's
Dining
24,919 visits/mo
0.3 miles
Starbucks
Dining
19,640 visits/mo
0.4 miles
Wendy's
Dining
16,235 visits/mo
0.2 miles
Taco Bell
Dining
14,193 visits/mo
0.2 miles
Burger King
Dining
13,378 visits/mo
0.3 miles
Demographics for 31029, GA
17,440
Population
7,006
Households
2.5
Avg Household Size
40
Median Age
26%
College-Educated
91%
High-School Grad
243.7 sq mi
ZIP Area
72
Density / Sq Mi
$79,529
Median Household Income
$40,249
Median Earnings
$884
Median Rent
$226,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The 1921 building offers 2,364 square feet for retail or professional office use.
Where is this retail space located?
The property is located at 14 E Johnston St Forsyth, GA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,364‑square‑foot retail building; Built in 1921; Retail or professional office use
