Three-Bay Auto
For Sale
$179,900
224 E 6th Ave, Buena Vista, GA 31803
Updated automotive facility with paved parking, service infrastructure, and access near Buena Vista’s courthouse square.
Property Size3,500 SF
Price / SF$51.40
Days on Market40
Property Features for 224 E 6th Ave
General Information
Standard status
Active
Size
3,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
3
Amenities
office
waiting area
kitchen
restrooms
storage room
roll-up doors
drive-through bay
three-phase power
Building Details
Year Built
1994
Buildings
1
Construction
cinder block
Listing Agency:
BetterHomes & Gardens Historic
(229) 236-0847
Listed By:
Chris Rogers · License #157060
Source:
Broadandmainrealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 12:51PM
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 BetterHomes & Gardens Historic
Investment Insights
Based on property information with market context.
Located at 224 E 6th Ave in Buena Vista, this 3,500-square-foot auto shop was built in 1994 and includes three service bays, including one with a lift. Four large roll-up doors support vehicle movement, while a drive-through bay connects the front and rear portions of the property. The building also has 3-phase power, a front office and counter, waiting area, mini kitchen, two restrooms, and a storage room.
A new roof and fresh interior and exterior paint update the cinder-block building. Paved parking serves customers and employees at the front, with additional parking in a large gravel area along the rear frontage on 5th Ave. The property is positioned along GA Hwy 26 East, a few blocks from Buena Vista’s courthouse square, with an exterior entrance from the parking area into the lobby.
A new roof and fresh interior and exterior paint update the cinder-block building. Paved parking serves customers and employees at the front, with additional parking in a large gravel area along the rear frontage on 5th Ave. The property is positioned along GA Hwy 26 East, a few blocks from Buena Vista’s courthouse square, with an exterior entrance from the parking area into the lobby.
Key Highlights
- 3,500 SF auto repair facility built in 1994
- Three service bays, including one equipped with a lift
- Four large roll‑up doors plus a drive‑through bay
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
$15,568
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
8.65%
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%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 3,500 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
$23.9K $6.84/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$22.2K $6.35/SF
− OpEx
−$6.7K −$1.91/SF
NOI
$15.6K $4.45/SF
Area
Marion County, GA
Vacancy
7.10%
Lease Rate
$6.84 /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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Retail
$609.0K
$532.9K – $710.5K
NOI $42,632 @ 7.0% cap · market cap 23.70%
Second Best
Industrial
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$783.1K
$685.2K – $913.7K
NOI $54,819 @ 7.0% cap · market cap 30.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31803, GA
4,889
Population
2,417
Households
2
Avg Household Size
44
Median Age
13%
College-Educated
74%
High-School Grad
285.0 sq mi
ZIP Area
17
Density / Sq Mi
$45,646
Median Household Income
$44,311
Median Earnings
$724
Median Rent
$120,200
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
- Moon Rogers Motor Co Inc — 306 Broad St, Buena Vista, GA 31803
- Buena Vista Insurance Agency — 109 E 6th Ave, Buena Vista, GA 31803
- D & S tire shop — 127 E 6th Ave, Buena Vista, GA 31803
Frequently Asked Questions
What type of property is this?
Auto shop - Updated automotive facility with paved parking, service infrastructure, and access near Buena Vista’s courthouse square.
Where is this auto shop located?
The property is located at 224 E 6th Ave Buena Vista, GA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 3,500 SF auto repair facility built in 1994; Three service bays, including one equipped with a lift; Four large roll‑up doors plus a drive‑through bay
