Retail Space in Market
For Sale
$350,000
1431 Capital Ave Unit 107, Watkinsville, GA 30677
Retail space in Market Center with high ceilings and natural light.
Property Size1,401 SF
Price / SF$249.82
Days on Market158
Property Features for 1431 Capital Ave Unit 107
General Information
Standard status
Active
Size
1,401 SF
Building Details
Year Built
2008
Listing Agency:
BHHS Georgia Properties (Athen
Listed By:
Heather McElroy · License #274191
(706) 613-6040
Source:
Bradberrygarnerrealestate
Added: May 12
Changed: Oct 8
Last Checked: Oct 7 at 4:06PM
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 BHHS Georgia Properties (Athen
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Investment Insights
Based on property information with market context.
This retail space, located in Market Center on Capital Avenue, offers approximately 1401 square feet. The space features French doors with transoms, accompanied by two large storefront windows that provide ample natural light. The interior includes high ceilings and sealed concrete floors. The current layout comprises five dressing rooms, a half bathroom, and an office with a rear entry. The 2024 GDOT Average Annual Daily Traffic (AADT) count is 14,100.
Key Highlights
- High‑traffic location on Capital Avenue (2024 GDOT AADT: 14,100).
- Approximately 1400 square feet of retail space.
- Abundant natural light from French doors with transoms and large storefront windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,834
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,680
$316.7K
Cap Rate 7%
$226,200
$226.2K
Cap Rate 9%
$175,933
$175.9K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.6K −$1.85/SF
EGI
$22.6K $16.15/SF
− OpEx
−$6.8K −$4.84/SF
NOI
$15.8K $11.30/SF
Area
Oconee County, GA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,680
Cap Rate 7%
$226,200
Cap Rate 9%
$175,933
Alternative Uses
Best Use
Retail
$226.2K
$197.9K – $263.9K
NOI $15,834 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.7K
$295.5K – $394.0K
NOI $23,642 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Marco's Pizza
Dining
1,825 visits/mo
0.4 miles
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
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 - Retail space in Market Center with high ceilings and natural light.
Where is this retail space located?
The property is located at 1431 Capital Ave Unit 107 Watkinsville, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑traffic location on Capital Avenue (2024 GDOT AADT: 14,100).; Approximately 1400 square feet of retail space.; Abundant natural light from French doors with transoms and large storefront windows.
