Building Details

Building Size 8,900 SF

Year Built 1997

Listing Agency: GOLDEN KEY REALTY

Listed By: Nicholas Horne · License #443164 Show Phone

Source: Afrealtygroup

Added: May 8 Changed: Oct 31 Last Checked: Nov 3 at 12:20PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This offering is a retail building marketed for sale with a total size of 8,700 square feet. The property is presented as retail space suitable for a tenant looking for dedicated storefront-style operations.

The asset is located at 205 Old Perry Road in Bonaire, Georgia. The listing information provided does not specify additional building details such as unit configuration, frontage, access features, or site improvements.

For buyers seeking a retail property, this provides a defined commercial footprint under one ownership. The space can be evaluated for compatibility with a range of retail uses based on the buyer’s leasing plans and desired tenant requirements, subject to any governing regulations and any terms of the current condition of the building.

Key Highlights

• Retail commercial building built in 1997
• 8,700 sq ft of rentable space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$108,995

Cap Rate

9.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,179,900 $2.2M

Cap Rate 7%

$1,557,071 $1.6M

Cap Rate 9%

$1,211,056 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,700 SF

Gross rent

$170.2K $19.56/SF

− Vacancy

−$14.5K −$1.66/SF

EGI

$155.7K $17.90/SF

− OpEx

−$46.7K −$5.37/SF

NOI

$109.0K $12.53/SF

Area

Houston County, GA

Vacancy

8.50%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,179,900

Cap Rate 7%

$1,557,071

Cap Rate 9%

$1,211,056

Alternative Uses

Best Use

Retail

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $108,995 @ 7.0% cap · market cap 9.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,444 @ 7.0% cap · market cap 10.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

A.D.A. Supplies, Inc. Big Box & Wholesale Store

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store HVAC Service Law Firm Electrical Service Restaurant

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

133

Businesses Nearby

10k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sunoco Shops & Services

10,405 visits/mo 0.1 miles

Demographics for 31005, GA

20,531

Population

7,514

Households

2.7

Avg Household Size

36

Median Age

41%

College-Educated

96%

High-School Grad

23.1 sq mi

ZIP Area

889

Density / Sq Mi

$107,071

Median Household Income

$58,603

Median Earnings

$1,248

Median Rent

$247,800

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

Frequently Asked Questions

What type of property is this?

Retail space - Commercial retail building offered for sale, totaling 8,700 square feet of rentable space.

Where is this retail space located?

The property is located at 205 Old Perry Road Bonaire, GA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Retail commercial building built in 1997; 8,700 sq ft of rentable space