Historic Mixed-Use Commercial
New
For Sale
$950,000
202 Greenville Street, Lagrange, GA 30241
Downtown property combines historic architecture with DT-MX zoning and flexible commercial space.
Property Size1,932 SF
Lot Size0.60 Acres
Price / SF$135.71
Days on Market5
Property Features for 202 Greenville Street
General Information
Standard status
Active
Size
1,932 SF
Lot size
0.60 Acres
Property subtype
Other
Zoning
DT-MX
Additional Details
Opportunity Zone
Yes
Amenities
0.6 acres, City Lot
Public Sewer
Annual Amount: $8,078, Year: 2025
Cumulative Days on Market: 2, 2 days on market, On Market Date: 2026-08-07
Parking Lot, Paved
Built in 1932, Brick
County: Troup
Resale
Electricity Available, High Speed Internet, Sewer Available, Water Available, Public
Negotiable
Building Details
Building Size
1,932 SF
Year Built
1932
Listing Agency:
Gari & Gari Realty
(404) 780-4465
Listed By:
Ory Gari
(404) 780-4465
Source:
Blackstreaminternational
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 8:40AM
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 Gari & Gari Realty
Investment Insights
Based on property information with market context.
Built in 1932, this 7,000-square-foot commercial property occupies 0.60 acres and pairs historic architectural character with recent improvements. The building currently houses Circa Coffee Market and offers flexible space suited to a range of commercial concepts, including cafe, restaurant, boutique retail, event, gallery, showroom, office, and creative studio uses as described in the property information.
Located at 202 Greenville Street in downtown LaGrange, the property has a visible downtown gateway position and DT-MX zoning. Its existing commercial presence, substantial building area, and combination of historic character and modern improvements provide a foundation for continued operation or a new concept.
Located at 202 Greenville Street in downtown LaGrange, the property has a visible downtown gateway position and DT-MX zoning. Its existing commercial presence, substantial building area, and combination of historic character and modern improvements provide a foundation for continued operation or a new concept.
Key Highlights
- 7,000 SF commercial building on 0.60 acres
- Built in 1932 with historic architectural character
- DT‑MX zoning in downtown LaGrange
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
$85,265
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
8.98%
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%
$1,705,300
$1.7M
Cap Rate 7%
$1,218,071
$1.2M
Cap Rate 9%
$947,389
$947.4K
Market Conditions
NOI Build-Up for 7,000 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
$127.7K $18.24/SF
− Vacancy
−$5.9K −$0.84/SF
EGI
$121.8K $17.40/SF
− OpEx
−$36.5K −$5.22/SF
NOI
$85.3K $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%
$1,705,300
Cap Rate 7%
$1,218,071
Cap Rate 9%
$947,389
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,355 @ 7.0% cap · market cap 9.62%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,265 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,638 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines historic architecture with DT-MX zoning and flexible commercial space.
Where is this mixed-use property located?
The property is located at 202 Greenville Street Lagrange, GA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,000 SF commercial building on 0.60 acres; Built in 1932 with historic architectural character; DT‑MX zoning in downtown LaGrange
