Building Details

Buildings 2

Listing Agency: Dwelli s***@yahoo.com Show Phone

Listed By: Karen Waite Show Phone

Source: Exprealty

Added: Jul 15 Changed: Aug 10 Last Checked: Aug 11 at 10:26AM

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Investment Insights

Based on property information with market context.

This 5,050-square-foot automotive property combines a three-bay shop with office space and a separate 1,050-square-foot building containing two additional bays. A newer paint booth is included, and the property’s current use is an auto body supply shop.

Located at 1407 US Highway 19 in Meansville, Georgia, the site includes on-site parking and C3 zoning. The configuration can accommodate automotive service operations as well as equipment repair, fleet maintenance, fabrication, storage, distribution, or related commercial uses identified for the property.

Key Highlights

• 5,050 SF automotive property with five total service bays
• Three‑bay shop with office space
• Separate 1,050 SF building adds two bays

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

$71,030

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

8.89%

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%

$1,420,600 $1.4M

Cap Rate 7%

$1,014,714 $1.0M

Cap Rate 9%

$789,222 $789.2K

Market Conditions

NOI Build-Up for 5,050 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

$110.9K $21.96/SF

− Vacancy

−$9.4K −$1.87/SF

EGI

$101.5K $20.09/SF

− OpEx

−$30.4K −$6.03/SF

NOI

$71.0K $14.07/SF

Area

Pike 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%

$1,420,600

Cap Rate 7%

$1,014,714

Cap Rate 9%

$789,222

Alternative Uses

Best Use

Retail

$1.01M

$887.9K – $1.18M (±1% cap)

NOI $71,030 @ 7.0% cap · market cap 8.89%

Second Best

Warehouse

$529.6K

$463.4K – $617.9K (±1% cap)

NOI $37,071 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,817 @ 7.0% cap · market cap 12.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Building Supply Auto Repair Shop Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30256, GA

2,830

Population

1,156

Households

2.4

Avg Household Size

42

Median Age

23%

College-Educated

83%

High-School Grad

35.6 sq mi

ZIP Area

79

Density / Sq Mi

$80,263

Median Household Income

$43,110

Median Earnings

$945

Median Rent

$195,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• A&M Automotive Gen Auto Repair — Georgia 30256

Frequently Asked Questions

What type of property is this?

Auto shop - C3-zoned automotive property with office space, a newer paint booth, and multiple service bays.

Where is this auto shop located?

The property is located at 1407 Us Highway 19 Meansville, 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: 5,050 SF automotive property with five total service bays; Three‑bay shop with office space; Separate 1,050 SF building adds two bays