Retail Space with Storefront
For Sale
$365,000
1431 Capital Avenue #107, Watkinsville, GA 30677
Market Center retail suite featuring natural light, dressing rooms, private office space, and rear access.
Property Size1,401 SF
Price / SF$260.71
Days on Market91
Property Features for 1431 Capital Avenue #107
General Information
Standard status
Active
Size
1,401 SF
Property subtype
Commercial
Additional Details
Traffic Count
14,100 vehicles/day
Amenities
high ceilings
sealed concrete floors
French doors with transoms
2 large storefront windows
5 dressing rooms
1/2 bathroom
office with rear entry
Building Details
Building Size
1,401 SF
Year Built
2008
Stories
1
Listing Agency:
BHHS Georgia Properties (Athen
(706) 206-5282
Listed By:
Heather McElroy · License #274191
(706) 206-5282
Source:
Thomasrealtysold
Added: May 12
Changed: Aug 7
Last Checked: Aug 9 at 2:01PM
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
Investment Insights
Based on property information with market context.
This 1,400-square-foot retail suite at Market Center was built in 2008 and offers a customer-facing layout with two large storefront windows, French doors with transoms, high ceilings, and sealed concrete flooring. The existing configuration includes five dressing rooms, a half bathroom, an office, and a rear entry, providing practical support space alongside the sales floor.
The property is positioned on Capital Avenue, where 2024 GDOT AADT is 14,100. The storefront design brings substantial natural light into the space, while the rear entry adds a separate access point for operations and deliveries. Showings are available by appointment.
The property is positioned on Capital Avenue, where 2024 GDOT AADT is 14,100. The storefront design brings substantial natural light into the space, while the rear entry adds a separate access point for operations and deliveries. Showings are available by appointment.
Key Highlights
- Approximately 1,400 square feet of retail space in Market Center
- 2024 GDOT AADT: 14,100
- Two large storefront windows and French doors with transoms
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
$15,823
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
4.34%
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%
$316,460
$316.5K
Cap Rate 7%
$226,043
$226.0K
Cap Rate 9%
$175,811
$175.8K
Market Conditions
NOI Build-Up for 1,400 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
$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 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%
$316,460
Cap Rate 7%
$226,043
Cap Rate 9%
$175,811
Alternative Uses
Best Use
Retail
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,100 VPD
Traffic count
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Market Center retail suite featuring natural light, dressing rooms, private office space, and rear access.
Where is this retail space located?
The property is located at 1431 Capital Avenue #107 Watkinsville, GA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Approximately 1,400 square feet of retail space in Market Center; 2024 GDOT AADT: 14,100; Two large storefront windows and French doors with transoms
