Building Details

Year Built 2024

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Exclusive Realty s***@exclusive-realty.com Show Phone

Listed By: Steve Sagmani · License #MI 6502426558

Source: Crexi

Added: Mar 27 Changed: Aug 8 Last Checked: Aug 8 at 2:41PM

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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 Exclusive Realty

Investment Insights

Based on property information with market context.

This retail space, located in Musella, Georgia, offers 12,480 square feet of commercial area. The property is being offered for sale and has a capitalization rate of 6.50%.

Key Highlights

• 6.50% CAP Rate
• 12,480 SqFt Retail Space**
• Newly Constructed (Year Built: 2024)

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

$118,754

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

4.92%

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%

$2,375,080 $2.4M

Cap Rate 7%

$1,696,486 $1.7M

Cap Rate 9%

$1,319,489 $1.3M

Market Conditions

NOI Build-Up for 12,480 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

$179.7K $14.40/SF

− Vacancy

−$10.1K −$0.81/SF

EGI

$169.6K $13.59/SF

− OpEx

−$50.9K −$4.08/SF

NOI

$118.8K $9.52/SF

Area

Crawford County, GA

Vacancy

5.60%

Lease Rate

$14.40 /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%

$2,375,080

Cap Rate 7%

$1,696,486

Cap Rate 9%

$1,319,489

Alternative Uses

Best Use

Retail

$1.70M

$1.48M – $1.98M (±1% cap)

NOI $118,754 @ 7.0% cap · market cap 4.92%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,132 @ 7.0% cap · market cap 6.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

DG Market Grocery & Convenience Store

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Auto Parts Store Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

58

Businesses Nearby

7k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,525 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

308 visits/mo 0.5 miles

Demographics for 31066, GA

1,095

Population

401

Households

2.7

Avg Household Size

49

Median Age

15%

College-Educated

91%

High-School Grad

61.8 sq mi

ZIP Area

18

Density / Sq Mi

$82,566

Median Household Income

$41,333

Median Earnings

$148,100

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in Musella, Georgia, totaling 12,480 SqFt.

Where is this retail space located?

The property is located at 20 Fair Play Hill Rd Musella, GA.

What is the asking price?

The asking price for this property is $2,411,378.

What are key features of this property?

This property features: 6.50% CAP Rate; 12,480 SqFt Retail Space**; Newly Constructed (Year Built: 2024)