Automotive Service Property with Roll-Up
For Sale
$650,000
239 Lakes Blvd, Lake Park, GA 31636
Established automotive facility with customer-facing areas, secured outdoor storage, and included equipment.
Property Size4,745 SF
Days on Market25
Property Features for 239 Lakes Blvd
General Information
Standard status
Active
Size
4,745 SF
Property subtype
Commercial
Zoning
C-C
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,688
Amenities
reception counter
customer area
storage space
Building Details
Building Size
4,745 SF
Stories
1
Listing Agency:
THE HERNDON COMPANY
(229) 269-3687
Listed By:
Jon Bollinger · License #330895
Source:
Cooperrealestate
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 30 at 1:41AM
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 THE HERNDON COMPANY
Investment Insights
Based on property information with market context.
This automotive service property includes a reception counter, customer area, storage space, and five roll-up doors. Two larger doors are positioned at the rear, supporting access to the enclosed work area and fenced outdoor storage. Existing equipment is included, and the property has operated as a tire shop for many years.
The site is located just off the intersection of Highway 41 and Lakes Blvd in South Lowndes County, 1.3 miles from Interstate 75. C-C zoning is identified for the property. Its configuration supports automotive service operations, tire sales, and repair work, subject to applicable approvals.
The site is located just off the intersection of Highway 41 and Lakes Blvd in South Lowndes County, 1.3 miles from Interstate 75. C-C zoning is identified for the property. Its configuration supports automotive service operations, tire sales, and repair work, subject to applicable approvals.
Key Highlights
- Five roll‑up doors, including two larger rear doors
- Rear portion of the property is fully fenced for secured outdoor storage
- Existing equipment is included with the property
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
$37,457
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
5.76%
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%
$749,140
$749.1K
Cap Rate 7%
$535,100
$535.1K
Cap Rate 9%
$416,189
$416.2K
Market Conditions
NOI Build-Up for 4,745 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
$59.8K $12.60/SF
− Vacancy
−$6.3K −$1.32/SF
EGI
$53.5K $11.28/SF
− OpEx
−$16.1K −$3.38/SF
NOI
$37.5K $7.89/SF
Area
Lowndes County, GA
Vacancy
10.50%
Lease Rate
$12.60 /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%
$749,140
Cap Rate 7%
$535,100
Cap Rate 9%
$416,189
Alternative Uses
Best Use
Retail
$535.1K
$468.2K – $624.3K
NOI $37,457 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$720.4K
$630.3K – $840.4K
NOI $50,426 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,370 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,952 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,523 visits/mo
0.0 miles
Demographics for 31636, GA
10,136
Population
4,989
Households
2
Avg Household Size
39
Median Age
18%
College-Educated
92%
High-School Grad
185.8 sq mi
ZIP Area
55
Density / Sq Mi
$64,340
Median Household Income
$37,348
Median Earnings
$814
Median Rent
$204,200
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
- Lakes Auto Repair, LLC — 321 lakes blvd, lake park, ga 31636
- Eagle Auto Repair — 321 Lakes Blvd, Lake Park, GA 31636
- Busick's Automotive Services — 239 lakes blvd, lake park, ga 31636
- Eagle Tire and Auto — 239 lakes blvd, lake park, ga 31636
- Art Bitzer’s Tire Service — 239 Lakes Blvd, Lake Park, GA 31636
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with customer-facing areas, secured outdoor storage, and included equipment.
Where is this auto shop located?
The property is located at 239 Lakes Blvd Lake Park, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five roll‑up doors, including two larger rear doors; Rear portion of the property is fully fenced for secured outdoor storage; Existing equipment is included with the property
