Automotive Service Property with
For Sale
Contact for pricing
2210 Washington Road, Thomson, GA 30824
Two commercial buildings provide showroom, office, and automotive service areas with direct access to the I-20 commercial corridor.
Property Size18,000 SF
Lot Size8.66 Acres
Price / SF$234.72
Days on Market11
Property Features for 2210 Washington Road
General Information
Standard status
Active
Size
18,000 SF
Lot size
8.66 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
billboard
wet bar
full bath
kitchen area
cashier office with pay window
Building Details
Year Built
1997
Buildings
2
Listing Agency:
DeFoor Realty
(706) 799-9558
Listed By:
John DeFoor · License #GA175748
Source:
Crexi
Added: Aug 1
Changed: Aug 4
Last Checked: Aug 11 at 10:06AM
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 DeFoor Realty
Investment Insights
Based on property information with market context.
This automotive service property comprises two commercial buildings totaling 18,164 square feet across 8.66 acres. The larger 10,674-square-foot building occupies 5 acres and includes a 36' x 52' showroom, 60' x 96' shop, 12 work bays, nine cubicles, six private offices, two cashier offices with customer pay windows, public restrooms, and a 15' x 20' storage area. Its upper level adds an executive office with a wet bar and full bath. The 7,490-square-foot second building sits on 3.67 acres and features a 30' x 40' showroom, six cubicles, six offices, a kitchen, cashier office, public restrooms, and a 66' x 62' shop with six work bays and two additional offices.
The property is located at 2210 Washington Road in Thomson, near Interstate 20, and includes a billboard. Both buildings previously operated as automobile dealerships. The improvements date to 1997 and offer dealership-style sales and service configurations.
The property is located at 2210 Washington Road in Thomson, near Interstate 20, and includes a billboard. Both buildings previously operated as automobile dealerships. The improvements date to 1997 and offer dealership-style sales and service configurations.
Key Highlights
- 8.66‑acre property with two commercial buildings totaling 18,164 square feet
- Building 1: 10,674 SF on 5 acres with 12 work bays
- Building 2: 7,490 SF on 3.67 acres with 6 work bays
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
$200,518
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
4.75%
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%
$4,010,360
$4.0M
Cap Rate 7%
$2,864,543
$2.9M
Cap Rate 9%
$2,227,978
$2.2M
Market Conditions
NOI Build-Up for 18,000 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
$298.1K $16.56/SF
− Vacancy
−$11.6K −$0.65/SF
EGI
$286.5K $15.91/SF
− OpEx
−$85.9K −$4.77/SF
NOI
$200.5K $11.14/SF
Area
McDuffie 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 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%
$4,010,360
Cap Rate 7%
$2,864,543
Cap Rate 9%
$2,227,978
Alternative Uses
Best Use
Retail
$2.86M
$2.51M – $3.34M
NOI $200,518 @ 7.0% cap · market cap 4.75%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,321 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,706 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30824, GA
16,832
Population
7,548
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
87%
High-School Grad
191.7 sq mi
ZIP Area
88
Density / Sq Mi
$54,214
Median Household Income
$35,804
Median Earnings
$810
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Love's Truck Care — 2129 Washington Rd, Thomson, GA 30824
Frequently Asked Questions
What type of property is this?
Auto shop - Two commercial buildings provide showroom, office, and automotive service areas with direct access to the I-20 commercial corridor.
Where is this auto shop located?
The property is located at 2210 Washington Road Thomson, GA.
What is the asking price?
The asking price for this property is $4,225,000.
What are key features of this property?
This property features: 8.66‑acre property with two commercial buildings totaling 18,164 square feet; Building 1: 10,674 SF on 5 acres with 12 work bays; Building 2: 7,490 SF on 3.67 acres with 6 work bays
