Brick Veneer Retail
For Sale
$799,000
1400 Cedar Grove Road N, Conley, GA 30288
Commercial Sale, Conley, GA
Property Size2,084 SF
Lot Size0.60 Acres
Price / SF$383.40
Days on Market57
Property Features for 1400 Cedar Grove Road N
General Information
Property type
Residential
Property subtype
Retail
Zoning
m 3
Parking
21
Parking features
Parking Lot
Lot features
Level
Directions
I=285 to South on Moreland Ave. Left on Cedar Grove Road. Store is on your left.
Standard status
Active
APN
15 018 03 007
Size
2,084 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3662
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Brick Veneer
Roof type
Asbestos Shingle
Listing Agency:
RE/MAX Advantage · RE/MAX International
(770) 478-7950
Listed By:
Roger Swint · License #152988
(770) 305-2500
Added: Jul 22
Changed: Sep 13
Last Checked: Sep 16 at 8:06PM
MLS# 7813111
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,084-square-foot storefront property sits on 0.6 acres at 1400 Cedar Grove Road N in Conley, Georgia. Constructed in 2001, the building features brick veneer construction, concrete and tile flooring, central heating, and central air conditioning. The property is currently closed and includes a parking lot.
The site has public water and public sewer, with water available. Zoning is identified as m 3. The roof is finished with asbestos shingles. The property provides a defined retail-oriented building and site configuration for evaluation by prospective purchasers.
The site has public water and public sewer, with water available. Zoning is identified as m 3. The roof is finished with asbestos shingles. The property provides a defined retail-oriented building and site configuration for evaluation by prospective purchasers.
Key Highlights
- 2,084 square feet on 0.6 acres
- Brick veneer construction completed in 2001
- Central heating and central air conditioning
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
$29,312
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
3.67%
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%
$586,240
$586.2K
Cap Rate 7%
$418,743
$418.7K
Cap Rate 9%
$325,689
$325.7K
Market Conditions
NOI Build-Up for 2,084 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
$45.8K $21.96/SF
− Vacancy
−$3.9K −$1.87/SF
EGI
$41.9K $20.09/SF
− OpEx
−$12.6K −$6.03/SF
NOI
$29.3K $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%
$586,240
Cap Rate 7%
$418,743
Cap Rate 9%
$325,689
Alternative Uses
Best Use
Retail
$418.7K
$366.4K – $488.5K
NOI $29,312 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30288, GA
8,610
Population
2,967
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
1,230
Density / Sq Mi
$50,499
Median Household Income
$36,157
Median Earnings
$1,168
Median Rent
$225,100
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with central HVAC, public utilities, and an on-site parking lot.
Where is this storefront property located?
The property is located at 1400 Cedar Grove Road N Conley, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,084 square feet on 0.6 acres; Brick veneer construction completed in 2001; Central heating and central air conditioning
