Retail Suite with Storefront
1431 Capital Avenue, Watkinsville, GA 30677
For Sale
$350,000
Commercial Sale, Watkinsville, GA
Property Size1,401 SF
Lot Size0.03 Acres
Price / SF$249.82
Days on Market184
Property Features for 1431 Capital Avenue
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Listing Agency:
BHHS Georgia Properties · Berkshire Hathaway HomeServices
(706) 613-6040
Listed By:
Heather J Mcelroy · License GA #274191
(706) 206-5282
Added: May 12
Changed: Nov 4
Last Checked: Nov 11 at 2:06PM
MLS# 10762739
Copyright © 2026 Georgia Multiple Listing Service. 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 retail space features French doors with transoms, two large storefront windows, high ceilings, and sealed concrete flooring. The current layout includes five dressing rooms, a half bathroom, and an office with a separate rear entrance. Central heating and air conditioning serve the space, which was built in 2008.
The suite is located in Market Center on Capital Avenue in Watkinsville. The 2024 GDOT AADT figure for the area is 14,100. Public water and sewer serve the property, and parking is available in a lot.
The suite is located in Market Center on Capital Avenue in Watkinsville. The 2024 GDOT AADT figure for the area is 14,100. Public water and sewer serve the property, and parking is available in a lot.
Key Highlights
- 1,401 square feet of retail space
- Five dressing rooms, an office, and a half bathroom
- French doors with transoms and two 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
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A flexible interior layout includes dressing rooms, an office, and a half bathroom.
Where is this retail space located?
The property is located at 1431 Capital Avenue 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 feet of retail space; Five dressing rooms, an office, and a half bathroom; French doors with transoms and two large storefront windows
