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Renovated Retail Building Near I-20
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1494 Washington Rd, Thomson, GA

Renovated 3,726 SF retail building with high traffic volume.

Property Size3,726 SF
Lot Size0.64 Acres
Price / SF$133.92
Days on Market439

Property Features for 1494 Washington Rd

General Information

Standard status Active
Size 3,726 SF
Lot size 0.64 Acres
Property subtype RETAIL
Listing Agency: Meybohm Commercial Properties, LLC
Listed By: Charlie Moye
Source: Moodyscre
Added: Aug 5, 2025 Changed: Oct 12 Last Checked: Oct 16 at 11:40AM

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 Meybohm Commercial Properties, LLC

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Investment Insights

Based on property information with market context.

This is a 3,726 square foot retail building that has been fully renovated. The property benefits from two points of ingress and egress, along with an 8' x 8' roll-up door. It is located close to I-20 and experiences approximately 14,100 vehicles per day.

Key Highlights

  • Fully renovated +/- 3,726 SF building
  • Located close to I‑20
  • High traffic volume: +/- 14,100 VPD

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$41,507
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,140 $830.1K
Cap Rate 7%
$592,957 $593.0K
Cap Rate 9%
$461,189 $461.2K
Market Conditions
NOI Build-Up for 3,726 SF
Gross rent
$61.7K $16.56/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$59.3K $15.91/SF
− OpEx
−$17.8K −$4.77/SF
NOI
$41.5K $11.14/SF
Area
McDuffie County, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,140
Cap Rate 7%
$592,957
Cap Rate 9%
$461,189

Alternative Uses

Best Use
Retail
$593.0K
$518.8K – $691.8K (±1% cap)
NOI $41,507 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M (±1% cap)
NOI $82,325 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Electrical Service Kitchen & Bath Showroom Veterinary Clinic Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

456
Businesses Nearby
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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Renovated 3,726 SF retail building with high traffic volume.
Where is this retail space located?
The property is located at 1494 Washington Rd Thomson, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully renovated +/- 3,726 SF building; Located close to I‑20; High traffic volume: +/- 14,100 VPD
(706) 832-1726 Call to check price and availability
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