Building Details

Year Built 1979

Buildings 1

Stories 1

Listing Agency: Bull Realty

Listed By: Brice Burns · License #GA 417450 Show Phone

Source: Crexi

Added: Feb 27 Changed: Sep 10 Last Checked: Oct 5 at 6:54PM

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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

Estimated NOI and Cap Rate

NOI / Yr

$13,748

Cap Rate

3.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$274,960 $275.0K

Cap Rate 7%

$196,400 $196.4K

Cap Rate 9%

$152,756 $152.8K

Market Conditions

NOI Build-Up for 1,404 SF

Gross rent

$27.0K $19.20/SF

− Vacancy

−$8.6K −$6.14/SF

EGI

$18.3K $13.06/SF

− OpEx

−$4.6K −$3.26/SF

NOI

$13.7K $9.79/SF

Area

Jones County, GA

Vacancy

32.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$274,960

Cap Rate 7%

$196,400

Cap Rate 9%

$152,756

Alternative Uses

Best Use

Office B

$196.4K

$171.9K – $229.1K (±1% cap)

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 (±1% cap)

NOI $18,802 @ 7.0% cap · market cap 4.71%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

CredLogix, Inc. (Bike/Boat/Book/etc) Store ScoreOptimizer Consultant CreditDNA, Inc. Financial Advisor

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Pharmacy Nail Salon Garden Center

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

Location Intelligence

Trade Area within ½ mile

186

Businesses Nearby

Explore this area Business Placement

Demographics for 31032, GA

14,261

Population

5,716

Households

2.5

Avg Household Size

41

Median Age

19%

College-Educated

94%

High-School Grad

159.3 sq mi

ZIP Area

90

Density / Sq Mi

$73,598

Median Household Income

$43,050

Median Earnings

$1,013

Median Rent

$192,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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