Automotive Property with Outdoor
1950 Iris Drive Sw, Conyers, GA 30094
For Sale
$950,000
Pending
An operating automotive facility spans two parcels with paved vehicle areas and substantial outdoor space.
Property Size1,959 SF
Days on Market11
Property Features for 1950 Iris Drive Sw
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
true
Public Records
Square Feet
Level
Public
18730.8
0.43
Total Road Frontage Length: 240
Paved
Highway
1959
2
Building Details
Building Size
Year Built
Listing Agency:
Realty of America
Listed By:
April Lockman
Source:
Lifepathrealty
Added: Oct 31
Changed: Nov 8
Last Checked: Nov 9 at 12:48PM
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 Realty of America
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Investment Insights
Based on property information with market context.
This automotive property includes a 1,959-square-foot building on two parcels at 1950 and 1986 Iris Drive. The site has a paved lot, outdoor area, and two DOT-approved curb cuts. The building dates to 1951, and the parcels carry C-2 and M-1 zoning, respectively.
The property fronts I-20 and is 18 miles east of Downtown Atlanta and 10 miles east of I-285. The two parcels provide distinct zoning designations within the same automotive facility.
The property fronts I-20 and is 18 miles east of Downtown Atlanta and 10 miles east of I-285. The two parcels provide distinct zoning designations within the same automotive facility.
Key Highlights
- 1,959‑square‑foot automotive facility built in 1951
- Two parcels zoned C‑2 and M‑1
- 0.43‑acre site with paved lot and outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,554
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,080
$551.1K
Cap Rate 7%
$393,629
$393.6K
Cap Rate 9%
$306,156
$306.2K
Market Conditions
NOI Build-Up for 1,959 SF
Gross rent
$43.0K $21.96/SF
− Vacancy
−$3.7K −$1.87/SF
EGI
$39.4K $20.09/SF
− OpEx
−$11.8K −$6.03/SF
NOI
$27.6K $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 Rate 5%
$551,080
Cap Rate 7%
$393,629
Cap Rate 9%
$306,156
Alternative Uses
Best Use
Retail
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$170.5K
$149.2K – $198.9K
NOI $11,934 @ 7.0% cap · market cap 1.26%
Theoretical Best
Office A
$547.6K
$479.2K – $638.9K
NOI $38,333 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30094, GA
33,745
Population
12,606
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
94%
High-School Grad
39.3 sq mi
ZIP Area
859
Density / Sq Mi
$87,619
Median Household Income
$42,633
Median Earnings
$1,610
Median Rent
$266,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- U-Haul Neighborhood Dealer — 2070 Old Covington Hwy Unit B, Conyers, GA 30012
- U-Haul Neighborhood Dealer — 1314 Farmer Rd NW, Conyers, GA 30012
- Eurostyle Automotive of Atlanta — 1400 General Arts Rd NW suite g, Conyers, GA 30012
Frequently Asked Questions
What type of property is this?
Automotive property - An operating automotive facility spans two parcels with paved vehicle areas and substantial outdoor space.
Where is this automotive property located?
The property is located at 1950 Iris Drive Sw Conyers, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,959‑square‑foot automotive facility built in 1951; Two parcels zoned C‑2 and M‑1; 0.43‑acre site with paved lot and outdoor area
