Two-Building Automotive Service
For Sale
$3,950,000
2210 Washington Rd, Thomson, GA 30824
Two existing commercial facilities combine showroom, office, and service functions with direct access to an established interstate corridor.
Property Size18,000 SF
Lot Size8.66 Acres
Price / SF$219.44
Days on Market120
Property Features for 2210 Washington Rd
General Information
Standard status
Active
Size
18,000 SF
Lot size
8.66 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
billboard
Building Details
Year Built
1997
Buildings
2
Listing Agency:
DeFoor Realty
(706) 799-9558
Listed By:
John DeFoor · License #GA175748
Source:
Cinthia.atlantageorgiahomesales
Added: May 3
Changed: Aug 29
Last Checked: Aug 29 at 3:30PM
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 property includes two commercial buildings totaling approximately 18,000 square feet on approximately 8.66 acres. The larger building contains 10,674 square feet, including a 36' x 52' showroom, a 60' x 96' shop, 12 work bays, nine cubicles, six private offices, two cashier offices with customer pay windows, public restrooms, and storage. Its upper level includes an executive office with a wet bar and full bath. The second building provides 7,490 square feet with a 30' x 40' showroom, six cubicles, six private offices, a kitchen area, cashier office, public restrooms, and a 66' x 62' shop with six work bays and two additional offices.
Located at 2210 Washington Rd in Thomson, Georgia, the property is just off Interstate 20 and includes a billboard. Both buildings were previously used for automobile dealership operations, with layouts that support automotive sales and service functions.
Located at 2210 Washington Rd in Thomson, Georgia, the property is just off Interstate 20 and includes a billboard. Both buildings were previously used for automobile dealership operations, with layouts that support automotive sales and service functions.
Key Highlights
- Approximately 18,000 square feet across two commercial buildings on approximately 8.66 acres
- Building 1: 10,674 square feet with a 36' x 52' showroom and 12 work bays
- Building 2: 7,490 square feet with a 30' x 40' showroom and six 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
5.08%
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 5.08%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,321 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,706 @ 7.0% cap · market cap 10.07%
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
8
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 existing commercial facilities combine showroom, office, and service functions with direct access to an established interstate corridor.
Where is this auto shop located?
The property is located at 2210 Washington Rd Thomson, GA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 18,000 square feet across two commercial buildings on approximately 8.66 acres; Building 1: 10,674 square feet with a 36' x 52' showroom and 12 work bays; Building 2: 7,490 square feet with a 30' x 40' showroom and six work bays
