Commercial Site with Expansion
199 & 201 E Clinton St Gray, GA 31032
For Sale
Contact for pricing
Commercial site in Gray, GA, includes building and expansion land.
Property Size1,404 SF
Price / SF$284.19
Days on Market150
Property Features for 199 & 201 E Clinton St
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Office, Land
Listing Agency:
Bull Realty
Listed By:
Brice Burns · License #GA 417450
Source:
Crexi
Added: Feb 27
Changed: Jul 6
Last Checked: Jul 27 at 5:09AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This commercial site, located in Gray, GA, includes a building and additional land suitable for expansion. The property encompasses 1404 square feet and is intended for commercial use.
Key Highlights
- Commercial site, perfect for your business venture
- Includes a building, ready for immediate use or renovation
- Expansion land available, offering future growth potential
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $19.20 |
| − Vacancy | −$8.6k | −$6.14 |
| EGI | $18.3k | $13.06 |
| − OpEx | −$4.6k | −$3.26 |
| NOI | $13.7k | $9.79 |
1,404 SF · lease $19.20/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$196.4K
$171.9K – $229.1K
NOI $13,748 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial site in Gray, GA, includes building and expansion land.
Where is this commercial land located?
The property is located at 199 & 201 E Clinton St Gray, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial site, perfect for your business venture; Includes a building, ready for immediate use or renovation; Expansion land available, offering future growth potential
