Corner Retail Lot and
For Sale
$369,900
Pending
201 New Franklin Road, Lagrange, GA 30240
Corner commercial lot with a car-lot setup, curb cuts on New Franklin Rd and West Bacon St, plus a 2,000+ sf showroom building.
Property Size2,014 SF
Days on Market231
Property Features for 201 New Franklin Road
General Information
Standard status
Pending
Size
2,014 SF
Total Parking Spaces
14
Property subtype
Other
Zoning
16-CR-Mx
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,665
Amenities
Central Air
3
Tile, Carpet
Parking. Corner Lot.
Paved Driveway, On Street, Lot.
Level
16117.2
Corner, Level.
Building Details
Year Built
1972
Listing Agency:
RE/MAX Results
(706) 845-7000
Listed By:
Rob Upchurch · License #202341
(706) 523-0014
Source:
Xome
Added: Jan 19
Changed: Sep 1
Last Checked: Sep 7 at 4:55AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This corner commercial property is currently operated as a car lot and includes a curb cut on both New Franklin Rd and West Bacon St. The site has 14 parking spaces and a small showroom building with office space, storage, and a restroom.
Only the real estate is for sale; the business is not included in the transaction. The property is identified as 16-CR-Mx.
The improvements are configured to support retail-style showroom operations alongside practical back-of-house space for staff and storage, with parking available on site for customer access.
Only the real estate is for sale; the business is not included in the transaction. The property is identified as 16-CR-Mx.
The improvements are configured to support retail-style showroom operations alongside practical back-of-house space for staff and storage, with parking available on site for customer access.
Key Highlights
- Corner commercial property currently set up for a car lot, with parking and parking spaces.
- Curb cuts provide access from New Franklin Rd and West Bacon St.
- Building is just over 2,000 SF and includes a showroom, office space, storage, and restroom.
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
$24,532
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
6.63%
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%
$490,640
$490.6K
Cap Rate 7%
$350,457
$350.5K
Cap Rate 9%
$272,578
$272.6K
Market Conditions
NOI Build-Up for 2,014 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
$36.7K $18.24/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$35.0K $17.40/SF
− OpEx
−$10.5K −$5.22/SF
NOI
$24.5K $12.18/SF
Area
Troup County, GA
Vacancy
4.60%
Lease Rate
$18.24 /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%
$490,640
Cap Rate 7%
$350,457
Cap Rate 9%
$272,578
Alternative Uses
Best Use
Retail
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,544 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
240k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 22%
Groceries 22%
Superstores 6%
Publix
Groceries
37,647 visits/mo
0.5 miles
McDonald's
Dining
18,204 visits/mo
0.4 miles
Taco Bell
Dining
16,779 visits/mo
0.3 miles
Aldi
Groceries
14,364 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
14,066 visits/mo
0.4 miles
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
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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Frequently Asked Questions
What type of property is this?
Showroom - Corner commercial lot with a car-lot setup, curb cuts on New Franklin Rd and West Bacon St, plus a 2,000+ sf showroom building.
Where is this showroom located?
The property is located at 201 New Franklin Road Lagrange, GA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Corner commercial property currently set up for a car lot, with parking and parking spaces.; Curb cuts provide access from New Franklin Rd and West Bacon St.; Building is just over 2,000 SF and includes a showroom, office space, storage, and restroom.
