Building Details

Year built 1958

Listing Agency: Keller Williams Realty Atl. Partners k***@kw.com Show Phone

Listed By: Angie Mckernan Show Phone

Added: Jul 23 Changed: Oct 15 Last Checked: Oct 27 at 12:06AM

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MLS# 10813094

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Investment Insights

Based on property information with market context.

This 1,914-square-foot convenience store property occupies 0.19 acres in Lumpkin. The interior was recently renovated and includes a new walk-in cooler, fiberglass tanks, new air-conditioning equipment, a vent hood, and cooking equipment intended for deli use. A separate room is wired for potential game-machine installation, although no game machine is included. The property is served by public water and public sewer, with electricity available and central heating and cooling.

Built in 1958, the store is positioned next to a bank and across from the post office at 1717 Broad Street. On-street parking is available. The sale includes the real estate and business assets on an as-is basis.

Key Highlights

• 1,914‑square‑foot convenience store on 0.19 acres
• Recently renovated interior with new walk‑in cooler
• Fiberglass tanks and new central air‑conditioning equipment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,979

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$499,580 $499.6K

Cap Rate 7%

$356,843 $356.8K

Cap Rate 9%

$277,544 $277.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,914 SF

Gross rent

$34.9K $18.24/SF

− Vacancy

−$1.6K −$0.84/SF

EGI

$33.3K $17.40/SF

− OpEx

−$8.3K −$4.35/SF

NOI

$25.0K $13.05/SF

Area

Stewart County, GA

Vacancy

4.60%

Lease Rate

$18.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$499,580

Cap Rate 7%

$356,843

Cap Rate 9%

$277,544

Alternative Uses

Best Use

Specialty Retail

$356.8K

$312.2K – $416.3K (±1% cap)

NOI $24,979 @ 7.0% cap · market cap 5.00%

Second Best

Retail

$333.1K

$291.4K – $388.6K (±1% cap)

NOI $23,314 @ 7.0% cap · market cap 4.66%

Theoretical Best

Office A

$428.3K

$374.7K – $499.6K (±1% cap)

NOI $29,978 @ 7.0% cap · market cap 6.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Electrical Service Building Supply Storage Facility Barber Shop Computer & Electronic Repair Auto Repair Shop

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

Lease Details

Turnkey business

Opportunity

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

9k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

5,936 visits/mo 0.2 miles

Dollar General Shops & Services

2,692 visits/mo 0.2 miles

Demographics for 31815, GA

3,136

Population

969

Households

3.2

Avg Household Size

38

Median Age

11%

College-Educated

64%

High-School Grad

252.9 sq mi

ZIP Area

12

Density / Sq Mi

$36,771

Median Household Income

$28,889

Median Earnings

$45,500

Median Home Value

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

Similar For Sale Nearby

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$157,900

2,662 SF

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Lumpkin Warehouse with Office Space

2038 Broad St, Lumpkin, GA 31815

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Small-format retail property with updated systems, public utilities, and equipment for a deli operation.

Where is this grocery and convenience store located?

The property is located at 1717 Broad Street Lumpkin, GA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 1,914‑square‑foot convenience store on 0.19 acres; Recently renovated interior with new walk‑in cooler; Fiberglass tanks and new central air‑conditioning equipment