Retail Storefront with High
For Sale
$365,000
1431 Capital Avenue, Watkinsville, GA 30677
Commercial Sale, Watkinsville, GA
Property Size1,401 SF
Lot Size0.03 Acres
Price / SF$260.53
Days on Market139
Property Features for 1431 Capital Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Window features
Double Pane Windows
Interior features
High Ceilings
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Directions
Hog Mountain Rd in Oconee County to Capital Avenue. Suite 107 will be on the left.
Standard status
Active
APN
B 05G 003107 B
Size
1,401 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
1675 701
HOA Fee
$317 Monthly
Legal Description
1675 701
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Flooring type
Concrete
Building materials
Brick
Listing Agency:
BHHS Georgia Properties (Athen
(706) 613-6040
Listed By:
Heather McElroy · License #274191
(706) 206-5282
Added: May 12
Changed: Sep 12
Last Checked: Sep 27 at 4:06AM
MLS# CL355244
Copyright © 2026 Hive MLS. 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 1,401-square-foot retail storefront, built in 2008, is located within Market Center and offers a practical layout for customer-facing use. French doors with transoms and two large storefront windows provide natural light, while high ceilings and sealed concrete floors add distinctive interior features. The space includes five dressing rooms, a half bathroom, and an office with rear entry.
The property is at 1431 Capital Avenue in Watkinsville, Georgia. 2024 GDOT AADT is 14,100. Building features include brick construction, central heating and cooling, an electric water heater, public water, public sewer, and an accessible approach with ramp.
The property is at 1431 Capital Avenue in Watkinsville, Georgia. 2024 GDOT AADT is 14,100. Building features include brick construction, central heating and cooling, an electric water heater, public water, public sewer, and an accessible approach with ramp.
Key Highlights
- 1,401 SF retail storefront in Market Center
- Five dressing rooms, half bathroom, and office with rear entry
- French doors with transoms and two large storefront windows
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
$15,834
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%
$316,680
$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
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%
$316,680
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 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.7K
$295.5K – $394.0K
NOI $23,642 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Market Center space features natural light, dressing rooms, an office, and rear access.
Where is this storefront property located?
The property is located at 1431 Capital Avenue 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: 1,401 SF retail storefront in Market Center; Five dressing rooms, half bathroom, and office with rear entry; French doors with transoms and two large storefront windows
