Corner Retail Showroom
201 New Franklin Road Lagrange, GA 30240
For Sale
$369,900
Pending
COMMERCIAL - Lagrange, GA
Property Size2,014 SF
Lot Size0.37 Acres
Days on Market147
Property Features for 201 New Franklin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street, Parking Lot
Window features
Display Window(s)
Standard status
Pending
APN
0611D014016
Size
2,014 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
2665
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Flooring type
Carpet, Tile
Building materials
Wood Siding
Listing Agency:
RE/MAX Results
(706) 845-7000
Listed By:
Rob Upchurch · License #202341
(706) 523-0014
Added: Mar 3
Changed: Jul 20
Last Checked: Jul 28 at 12:06AM
MLS# 10707153
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner commercial lot includes a building just over 2,000 square feet with a showroom area, office space, storage, and a restroom. The property is currently used as a car lot, and the sale is for the real estate only, not the business.
Access is provided via curb cuts on New Franklin Road and West Bacon Street. The site also includes 14 parking spaces, making it suitable for operations that benefit from dedicated customer parking.
The configuration combines a primary showroom space with supporting back-of-house areas for storage and day-to-day office needs.
Access is provided via curb cuts on New Franklin Road and West Bacon Street. The site also includes 14 parking spaces, making it suitable for operations that benefit from dedicated customer parking.
The configuration combines a primary showroom space with supporting back-of-house areas for storage and day-to-day office needs.
Key Highlights
- Corner commercial lot in Lagrange currently used as a car lot (real estate only; business not included)
- Curb cuts on New Franklin Rd and West Bacon St for access from both streets
- 14 on‑site parking spaces plus parking lot and on‑street parking
Financial Insights For Retail
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 | $36.7k | $18.24 |
| − Vacancy | −$1.7k | −$0.84 |
| EGI | $35.0k | $17.40 |
| − OpEx | −$10.5k | −$5.22 |
| NOI | $24.5k | $12.18 |
2,014 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Rugs and Blinds — 203 N Lewis St, LaGrange, GA 30240
- Floors on Commerce — 123 Commerce Ave, LaGrange, GA 30241
- Resilient Flooring Institute — 115 Broad St # 201, LaGrange, GA 30240
Frequently Asked Questions
What type of property is this?
Showroom - Corner commercial property with a showroom, office, storage, restroom, curb cuts, and 14 parking spaces.
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 lot in Lagrange currently used as a car lot (real estate only; business not included); Curb cuts on New Franklin Rd and West Bacon St for access from both streets; 14 on‑site parking spaces plus parking lot and on‑street parking
