Building Details

Year built 2008

Listing Agency: Athens Office · Berkshire Hathaway HomeServices c***@bhhsgeorgia.com Show Phone

Listed By: Heather McElroy Show Phone

Added: May 12 Changed: Oct 6 Last Checked: Oct 19 at 2:06PM

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MLS# 10762739

Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,401-square-foot storefront suite at Market Center includes a bright retail area with French doors, transoms, two large storefront windows, high ceilings, and sealed concrete flooring. The existing layout provides five dressing rooms, a half bathroom, and an office with a rear entry. The property was built in 2008 and is located at 1431 Capital Avenue, Suite 107, in Watkinsville, Georgia.

Capital Avenue recorded a 2024 GDOT average annual daily traffic count of 14,100. Showings are available by appointment.

Key Highlights

• 1,401‑square‑foot storefront retail suite
• French doors with transoms and two large storefront windows
• Five dressing rooms plus a half bathroom

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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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Open Analytics

Current Use

Market Center Shopping Center & Mall Taqueria La Parrilla ... Restaurant Packaging Corporation of America Big Box & Wholesale Store Fields Elder Law ... Law Firm Oconee Formal Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Auto Parts Store Big Box & Wholesale Store Garden 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

14,100 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

416

Businesses Nearby

2k

Monthly Visits Nearby

Balanced

Demand for This Use

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail suite with abundant natural light, high ceilings, sealed concrete floors, dressing rooms, and a rear-entry office.

Where is this storefront property located?

The property is located at 1431 Capital Avenue #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: 1,401‑square‑foot storefront retail suite; French doors with transoms and two large storefront windows; Five dressing rooms plus a half bathroom