Shopping Center with
New
For Sale
$989,000
237 Atlanta Street, McDonough, GA 30253
Five leased retail units feature display windows and on-site parking.
Property Size5,500 SF
Price / SF$179.82
Days on Market2
Property Features for 237 Atlanta Street
General Information
Standard status
Active
Size
5,500 SF
Occupancy
100%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,986
Amenities
true
Display Window(s)
Public Records
Square Feet
Level
Public
1.65
Paved,Secured,Parking Lot
Paved
Highway
5500
Building Details
Building Size
5,500 SF
Year Built
2005
Tenancy
Multi
Listing Agency:
Mid-Atlantic Investment Group
Listed By:
Diane M Turner
Source:
Heymannwilliams
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 6:25AM
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 Mid-Atlantic Investment Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this 5,500-square-foot shopping center is configured as five retail units, all currently leased. Display windows face the storefronts, and the property includes a paved parking lot described as secured. The site is level.
The center is near Interstate 75 and Hartsfield-Jackson Atlanta International Airport. A hospital, restaurants, and additional shopping are also nearby.
The center is near Interstate 75 and Hartsfield-Jackson Atlanta International Airport. A hospital, restaurants, and additional shopping are also nearby.
Key Highlights
- 5,500‑square‑foot shopping center with five leased units
- Built in 2005
- Retail units have display windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,360
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,200
$1.5M
Cap Rate 7%
$1,105,143
$1.1M
Cap Rate 9%
$859,556
$859.6K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$120.8K $21.96/SF
− Vacancy
−$10.3K −$1.87/SF
EGI
$110.5K $20.09/SF
− OpEx
−$33.2K −$6.03/SF
NOI
$77.4K $14.07/SF
Area
Henry County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,200
Cap Rate 7%
$1,105,143
Cap Rate 9%
$859,556
Alternative Uses
Best Use
Retail
$1.11M
$967.0K – $1.29M
NOI $77,360 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,622 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30253, GA
62,025
Population
22,889
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
93%
High-School Grad
46.9 sq mi
ZIP Area
1,322
Density / Sq Mi
$81,601
Median Household Income
$43,433
Median Earnings
$1,627
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Five leased retail units feature display windows and on-site parking.
Where is this shopping center located?
The property is located at 237 Atlanta Street McDonough, GA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 5,500‑square‑foot shopping center with five leased units; Built in 2005; Retail units have display windows
