Gainesville Retail Building For
For Sale
Contact for pricing
1636 Atlanta Highway, Gainesville, GA 30504
Freestanding retail building in Gainesville with income potential.
Property Size4,000 SF
Price / SF$325
Days on Market791
Property Features for 1636 Atlanta Highway
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
20
Property subtype
Retail
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Virtual Properties Realty
Listed By:
RAJENDRA DALAL · License #GA
Source:
Crexi
Added: Jul 13, 2024
Changed: Sep 3
Last Checked: Sep 10 at 7:12AM
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 Virtual Properties Realty
Investment Insights
Based on property information with market context.
Located in the city of Gainesville, this freestanding retail building offers income potential. The property is approximately 4,000 square feet and configured as a mini shopping center with two suites, A and B. Situated on Atlanta Road in a historical Gainesville location, the property benefits from high traffic, with approximately 22,000 cars per day, and high visibility. The surrounding area includes several commercial businesses and a motel. Suite B is currently rented to a grocery store, presenting an immediate income stream. This property offers an opportunity to own commercial real estate in a well-trafficked area.
Key Highlights
- High‑traffic location on Atlanta Rd with approximately 22,000 cars per day.
- Income potential from existing tenant (Grocery Store) in Suite B.
- Free‑standing retail building in the City of Gainesville.
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
$58,275
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
4.48%
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%
$1,165,500
$1.2M
Cap Rate 7%
$832,500
$832.5K
Cap Rate 9%
$647,500
$647.5K
Market Conditions
NOI Build-Up for 4,000 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
$84.0K $21.00/SF
− Vacancy
−$6.3K −$1.58/SF
EGI
$77.7K $19.43/SF
− OpEx
−$19.4K −$4.86/SF
NOI
$58.3K $14.57/SF
Area
Hall County, GA
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,165,500
Cap Rate 7%
$832,500
Cap Rate 9%
$647,500
Alternative Uses
Best Use
Specialty Retail
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.12M
$980.2K – $1.31M
NOI $78,414 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Supermercado Tamaulipas — 1305 Industrial Blvd Suite B, Gainesville, GA 30501
- Talpa Supermercados - Gainesville — 2277 Browns Bridge Rd, Gainesville, GA 30501
- Guadalajara Supermarket — 425 Atlanta Hwy, Gainesville, GA 30501
- La Flor de Jalisco #2 — 425 Atlanta Hwy, Gainesville, GA 30501
- Four Hundred Highland — 400 Highland Terrace, Gainesville, GA 30501
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding retail building in Gainesville with income potential.
Where is this grocery and convenience store located?
The property is located at 1636 Atlanta Highway Gainesville, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High‑traffic location on Atlanta Rd with approximately 22,000 cars per day.; Income potential from existing tenant (Grocery Store) in Suite B.; Free‑standing retail building in the City of Gainesville.
