Leased Downtown
For Sale
$345,000
203 N Louisville St, Harlem, GA 30814
The commercial building is occupied by a tenant and may also suit a future owner-user.
Property Size2,144 SF
Price / SF$160.91
Days on Market8
Property Features for 203 N Louisville St
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
Heggie's Rock Property Group,
Listed By:
Adam Barinowski · License #454881
(706) 834-7350
Source:
Augustaaikenhomefinder
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:54PM
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 Heggie's Rock Property Group,
Investment Insights
Based on property information with market context.
A storefront property in downtown Harlem contains 2,144 square feet and dates to 1959. The building is currently leased, providing rental income while the lease is in place.
At 203 N Louisville St, the property is situated in Harlem’s downtown district. Its storefront format supports commercial occupancy, and the current lease leaves open the possibility of future owner occupancy.
At 203 N Louisville St, the property is situated in Harlem’s downtown district. Its storefront format supports commercial occupancy, and the current lease leaves open the possibility of future owner occupancy.
Key Highlights
- 2,144‑square‑foot storefront
- Built in 1959
- Currently leased; may accommodate future owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,884
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,680
$477.7K
Cap Rate 7%
$341,200
$341.2K
Cap Rate 9%
$265,378
$265.4K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$35.5K $16.56/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$34.1K $15.91/SF
− OpEx
−$10.2K −$4.77/SF
NOI
$23.9K $11.14/SF
Area
Columbia County, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,680
Cap Rate 7%
$341,200
Cap Rate 9%
$265,378
Alternative Uses
Best Use
Retail
$341.2K
$298.6K – $398.1K
NOI $23,884 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.7K
$592.1K – $789.5K
NOI $47,371 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30814, GA
9,509
Population
4,269
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
92%
High-School Grad
53.5 sq mi
ZIP Area
178
Density / Sq Mi
$74,641
Median Household Income
$47,317
Median Earnings
$502
Median Rent
$212,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - The commercial building is occupied by a tenant and may also suit a future owner-user.
Where is this storefront property located?
The property is located at 203 N Louisville St Harlem, GA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,144‑square‑foot storefront; Built in 1959; Currently leased; may accommodate future owner occupancy
