Freestanding Auto Repair
For Sale
$749,900
1691 Hwy 138, Conyers, GA 30013
COMMERCIAL - Conyers, GA
Property Size2,320 SF
Lot Size0.48 Acres
Price / SF$323.23
Days on Market187
Property Features for 1691 Hwy 138
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot
Standard status
Active
APN
071001003D
Size
1 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4160
Amenities
reception area
office
bathroom
Building Details
Year built
1980
Listing Agency:
Brenda Lee Strickland Realty
(770) 482-9542
Listed By:
Willie Strickland
(404) 993-2275
Added: Feb 6
Changed: Aug 12
Last Checked: Aug 12 at 11:06PM
MLS# 10686533
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.
Investment Insights
Based on property information with market context.
This freestanding automotive service property includes a reception area, private office, bathroom, and a two-bay repair area. The building contains 2,320 square feet and was constructed in 1980, providing a dedicated layout for vehicle service operations.
Positioned at 1691 Hwy 138 in Conyers, the property offers access to I20 and is located in Rockdale County. The site encompasses 0.48 acres, pairing the service building with its supporting commercial land area.
Positioned at 1691 Hwy 138 in Conyers, the property offers access to I20 and is located in Rockdale County. The site encompasses 0.48 acres, pairing the service building with its supporting commercial land area.
Key Highlights
- 2,320‑square‑foot automotive service building
- Two‑bay repair area
- Reception area, office, and bathroom included
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
$32,632
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
4.35%
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%
$652,640
$652.6K
Cap Rate 7%
$466,171
$466.2K
Cap Rate 9%
$362,578
$362.6K
Market Conditions
NOI Build-Up for 2,320 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
$50.9K $21.96/SF
− Vacancy
−$4.3K −$1.87/SF
EGI
$46.6K $20.09/SF
− OpEx
−$14.0K −$6.03/SF
NOI
$32.6K $14.07/SF
Area
Rockdale County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$652,640
Cap Rate 7%
$466,171
Cap Rate 9%
$362,578
Alternative Uses
Best Use
Retail
$466.2K
$407.9K – $543.9K
NOI $32,632 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$201.9K
$176.7K – $235.6K
NOI $14,133 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$651.5K
$570.0K – $760.0K
NOI $45,602 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30013, GA
29,181
Population
11,138
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
1,028
Density / Sq Mi
$71,086
Median Household Income
$41,244
Median Earnings
$1,447
Median Rent
$274,300
Median Home Value
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
- Auto Glass By Scott Inc — 1300 South Main St NE, Conyers, GA 30012
- Express lube — georgia 30012
- Sprayglo Auto Refinishing & Body Repair — 1612 GA-138, Conyers, GA 30012
- AAMCO Transmissions & Total Car Care — 1662 Old Hwy 138 NE, Conyers, GA 30013
- TA Automotive of Conyers — 1519 Old Covington Rd NE C, Conyers, GA 30013
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive service facility with customer-facing and administrative areas on Hwy 138.
Where is this auto shop located?
The property is located at 1691 Hwy 138 Conyers, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,320‑square‑foot automotive service building; Two‑bay repair area; Reception area, office, and bathroom included
