Storefront Property with
New
For Sale
$1,800,000
2318 Old Cornelia Highway, Gainesville, GA 30507
SINGLE_FAMILY - Gainesville, GA
Property Size5,000 SF
Lot Size0.74 Acres
Price / SF$360
Days on Market2
Property Features for 2318 Old Cornelia Highway
General Information
Property type
Residential
Property subtype
Retail
Zoning
C1
Parking
40
Parking features
Parking Lot, On Street
Security features
Security Lighting
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Free Standing, Level
View
City
Directions
Use google maps
Standard status
Active
APN
15033B000037
Size
5,000 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
704
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Aluminum Siding
Roof type
Metal, Flat
Listing Agency:
Homesmart Realty Partners · HomeSmart International
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 6:06AM
MLS# 7815702
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,000-square-foot storefront property was built in 2002 on 0.74 acres and includes a large warehouse area supporting bulk storage. The existing layout provides a reception area, restrooms, high ceilings of 10 feet or greater, laminate and tile flooring, central heating, and central air. Aluminum siding and a metal and flat roof system complete the improvements. The sale includes the business and real estate, while inventory is separate. A grandfathered alcohol license is also associated with the operation.
Located at 2318 Old Cornelia Highway in Gainesville, the property has C1 zoning, public water, cable availability, and parking in both a dedicated lot and on the street. An accessible approach with ramp provides entry accommodation.
Located at 2318 Old Cornelia Highway in Gainesville, the property has C1 zoning, public water, cable availability, and parking in both a dedicated lot and on the street. An accessible approach with ramp provides entry accommodation.
Key Highlights
- 5,000‑square‑foot storefront property on 0.74 acres
- Large warehouse area supports bulk storage
- C1 zoning with business and real estate included
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $18.00 |
| − Vacancy | −$7.7k | −$1.53 |
| EGI | $82.4k | $16.47 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $57.6k | $11.53 |
5,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 3.20%
Second Best
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,018 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30507, GA
30,573
Population
9,496
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
73%
High-School Grad
70.8 sq mi
ZIP Area
432
Density / Sq Mi
$74,782
Median Household Income
$34,286
Median Earnings
$1,163
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property with substantial storage capacity, customer-facing improvements, and on-site parking in Gainesville.
Where is this storefront property located?
The property is located at 2318 Old Cornelia Highway Gainesville, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,000‑square‑foot storefront property on 0.74 acres; Large warehouse area supports bulk storage; C1 zoning with business and real estate included
