Leased Auto Repair Investment
For Sale
Contact for pricing
Road, College Park, GA 30349
Fully leased auto repair/dealership investment opportunity in College Park, GA.
Property Size7,980 SF
Lot Size0.83 Acres
Price / SF$244.36
Days on Market146
Property Features for Road
General Information
Standard status
Active
Size
7,980 SF
Total Parking Spaces
60
Lot size
0.83 Acres
Property subtype
Retail
Zoning
C3
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1975
Year Renovated
2022
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Maximum One Realtor Partners
Listed By:
Tameka Manns · License #422023
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 Maximum One Realtor Partners
Investment Insights
Based on property information with market context.
Located at 2319 Godby Rd, this commercial property features two fully leased single-story buildings used for auto repair, auto dealership, and auto collision services. Situated on approximately 0.83 acres in the College Park/South Fulton commercial corridor, the property benefits from its strategic position minutes from Interstate 285, Interstate 85, and Hartsfield-Jackson Atlanta International Airport. Building A is subdivided and has two tenants, while building B has a single tenant; both are currently 100% leased, providing immediate rental income. The layout and zoning support automotive service, collision repair, fleet operations, or future adaptive reuse. The surrounding area includes distribution centers, service businesses, retail corridors, and residential communities. The location is near Downtown Atlanta, major logistics routes, and the Mountain View redevelopment district. The property, with a total size of 7980 square feet, offers a functional, income-producing commercial asset in a high-visibility, high-traffic corridor.
Key Highlights
- Fully leased property offering immediate rental income and a stabilized investment.
- Strategic location in the active College Park/South Fulton commercial corridor, minutes from major interstates and the airport.
- Two separate garage buildings, currently 100% leased.
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
$93,007
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
4.77%
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%
$1,860,140
$1.9M
Cap Rate 7%
$1,328,671
$1.3M
Cap Rate 9%
$1,033,411
$1.0M
Market Conditions
NOI Build-Up for 7,980 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
$143.6K $18.00/SF
− Vacancy
−$10.8K −$1.35/SF
EGI
$132.9K $16.65/SF
− OpEx
−$39.9K −$5.00/SF
NOI
$93.0K $11.66/SF
Area
ZIP 30349
Vacancy
7.50%
Lease Rate
$18.00 /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%
$1,860,140
Cap Rate 7%
$1,328,671
Cap Rate 9%
$1,033,411
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $93,007 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$655.4K
$573.4K – $764.6K
NOI $45,875 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,855 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
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.
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Frequently Asked Questions
What type of property is this?
Automotive property - Fully leased auto repair/dealership investment opportunity in College Park, GA.
Where is this automotive property located?
The property is located at Road College Park, GA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully leased property offering immediate rental income and a stabilized investment.; Strategic location in the active College Park/South Fulton commercial corridor, minutes from major interstates and the airport.; Two separate garage buildings, currently 100% leased.
