Freestanding GB-Zoned
For Sale
$499,000
1735 Highway 138 SW, Riverdale, GA 30296
The offering combines an established dry cleaning operation with its underlying commercial property.
Property Size1,791 SF
Price / SF$278.62
Days on Market194
Property Features for 1735 Highway 138 SW
General Information
Standard status
Active
Size
1,791 SF
Property subtype
Free Standing Building
Zoning
GB
Additional Details
Business Included
Yes
Building Details
Building Size
1,791 SF
Year Built
1975
Buildings
1
Tenancy
Single
Listing Agency:
eXp Commercial | Georgia
(678) 234-3483
Listed By:
Andrew Bridges
(678) 234-3483
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 10:47PM
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 eXp Commercial | Georgia
Investment Insights
Based on property information with market context.
This freestanding storefront property includes a 1,791 SF commercial building constructed in 1975. The building is zoned GB and is offered together with an established dry cleaning business, creating an operating-business and real-estate combination. The space may also be acquired without the business, allowing the purchaser to evaluate the building independently.
The property is located at 1735 Highway 138 SW in Riverdale, Georgia, within Clayton County. Its configuration is described as versatile retail space with a spacious layout and room for customization. The offering provides a defined commercial building and an existing business component at the same address.
The property is located at 1735 Highway 138 SW in Riverdale, Georgia, within Clayton County. Its configuration is described as versatile retail space with a spacious layout and room for customization. The offering provides a defined commercial building and an existing business component at the same address.
Key Highlights
- 1,791 SF commercial building
- Constructed in 1975
- GB zoning
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
$25,191
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
5.05%
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%
$503,820
$503.8K
Cap Rate 7%
$359,871
$359.9K
Cap Rate 9%
$279,900
$279.9K
Market Conditions
NOI Build-Up for 1,791 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
$39.3K $21.96/SF
− Vacancy
−$3.3K −$1.87/SF
EGI
$36.0K $20.09/SF
− OpEx
−$10.8K −$6.03/SF
NOI
$25.2K $14.07/SF
Area
Clayton 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%
$503,820
Cap Rate 7%
$359,871
Cap Rate 9%
$279,900
Alternative Uses
Best Use
Retail
$359.9K
$314.9K – $419.9K
NOI $25,191 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.7K
$438.1K – $584.1K
NOI $35,046 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
24k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar General
Shops & Services
7,386 visits/mo
0.1 miles
BP
Shops & Services
7,300 visits/mo
0.1 miles
SUBWAY
Dining
5,303 visits/mo
0.2 miles
AutoZone
Shops & Services
3,412 visits/mo
0.2 miles
Public Storage
Shops & Services
1,076 visits/mo
0.2 miles
Demographics for 30296, GA
27,869
Population
10,780
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
87%
High-School Grad
10.4 sq mi
ZIP Area
2,680
Density / Sq Mi
$60,322
Median Household Income
$34,505
Median Earnings
$1,527
Median Rent
$184,700
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.
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- FANCY PETALS — 2970 Hwy 138 SW, Riverdale, GA 30296
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Frequently Asked Questions
What type of property is this?
Storefront property - The offering combines an established dry cleaning operation with its underlying commercial property.
Where is this storefront property located?
The property is located at 1735 Highway 138 SW Riverdale, 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: 1,791 SF commercial building; Constructed in 1975; GB zoning
