Auto Shop with Three Service
For Sale
$300,000
2091 Old Covington Highway SW, Conyers, GA 30012
Established automotive facility with customer-facing space, a fenced vehicle storage area, and adaptable service capabilities.
Property Size1,964 SF
Price / SF$175.34
Days on Market49
Property Features for 2091 Old Covington Highway SW
General Information
Standard status
Active
Size
1,964 SF
Property subtype
Other
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
3
Amenities
customer reception area
private office
two restrooms
storefront windows
paint booth
Land Lot: 236, 0.15 acres, Level
Septic Tank
Annual Amount: $1,320, Year: 25
Office Area Only, Wall Unit(s)
Office Only
Cumulative Days on Market: 38, 38 days on market, On Market Date: 2026-07-30
Covered, Parking Lot, Paved, Secured
Built in 1964, Concrete, Frame, Steel Siding, Industrial
County: Rockdale
Resale
Electricity Available, Phone Available, Sewer Available, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,964 SF
Year Built
1964
Buildings
1
Abandoned
No
Listing Agency:
Weichert Realtors - Vision
(678) 585-0122
Listed By:
Tamika Freeman
(678) 656-4770
Source:
Blackstreaminternational
Added: Jul 30
Changed: Sep 15
Last Checked: Sep 16 at 6:25PM
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 Weichert Realtors - Vision
Investment Insights
Based on property information with market context.
This 1,711-square-foot automotive property has operated as an auto body repair facility and is configured for collision, paint, and restoration work. The building includes three service bays, with one oversized bay previously used as a paint booth, along with a customer reception area, large storefront windows, a private office with built-in air conditioning, and two restrooms. Select tools and shop equipment will convey with an acceptable offer.
A fully fenced area behind the building accommodates approximately 14 vehicles for inventory, customer vehicles, or dealership overflow. The property is located at 2091 Old Covington Highway SW in Conyers, near I-20 and Sigman Road, within a heavily traveled commercial corridor. Built in 1964, the facility offers an existing automotive layout for an owner-operator, an expanding business, or an investor.
A fully fenced area behind the building accommodates approximately 14 vehicles for inventory, customer vehicles, or dealership overflow. The property is located at 2091 Old Covington Highway SW in Conyers, near I-20 and Sigman Road, within a heavily traveled commercial corridor. Built in 1964, the facility offers an existing automotive layout for an owner-operator, an expanding business, or an investor.
Key Highlights
- 1,711‑square‑foot automotive property in Conyers, GA
- Three service bays, including one oversized bay used as a paint booth
- Fully fenced rear lot accommodates approximately 14 vehicles
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
$24,066
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
8.02%
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%
$481,320
$481.3K
Cap Rate 7%
$343,800
$343.8K
Cap Rate 9%
$267,400
$267.4K
Market Conditions
NOI Build-Up for 1,711 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
$37.6K $21.96/SF
− Vacancy
−$3.2K −$1.87/SF
EGI
$34.4K $20.09/SF
− OpEx
−$10.3K −$6.03/SF
NOI
$24.1K $14.07/SF
Area
Rockdale County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$481,320
Cap Rate 7%
$343,800
Cap Rate 9%
$267,400
Alternative Uses
Best Use
Retail
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 8.02%
Second Best
Industrial
$148.9K
$130.3K – $173.7K
NOI $10,423 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$480.4K
$420.4K – $560.5K
NOI $33,631 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with customer-facing space, a fenced vehicle storage area, and adaptable service capabilities.
Where is this auto shop located?
The property is located at 2091 Old Covington Highway SW Conyers, GA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,711‑square‑foot automotive property in Conyers, GA; Three service bays, including one oversized bay used as a paint booth; Fully fenced rear lot accommodates approximately 14 vehicles
