Listing Agency: THE HERNDON COMPANY l***@herndoncompany.com Show Phone

Listed By: Jon Bollinger · License #330895 Show Phone

Added: Jun 1 Changed: Aug 19 Last Checked: Sep 13 at 8:06PM

Report an Issue

MLS# 153861

Copyright © 2026 South Georgia MLS (Valdosta). 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 4,745-square-foot automotive property is configured for service-oriented operations, with five roll-up doors and two larger openings positioned at the rear. The interior includes a reception counter, customer area, and storage space, while the back portion of the site is fully fenced for secured outdoor storage. Equipment is included with the sale.

The property occupies 0.6 acres at 239 Lakes Blvd in Lake Park, Georgia, near the Highway 41 and Lakes Blvd intersection. Interstate 75 is approximately 1.3 miles away, providing access for area and through traffic. C-C zoning supports the property’s existing automotive use and related commercial applications identified for the site.

Key Highlights

• 4,745‑square‑foot automotive property on 0.6 acres
• Five roll‑up doors, including two larger rear doors
• Fully fenced rear area for secured outdoor storage

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 (±1% cap)

NOI $37,457 @ 7.0% cap · market cap 5.76%

Second Best

Industrial

$305.5K

$267.3K – $356.4K (±1% cap)

NOI $21,384 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$720.4K

$630.3K – $840.4K (±1% cap)

NOI $50,426 @ 7.0% cap · market cap 7.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Quadplex and Duplex Package

5190-94 N Danieli, Lake Park, GA 31636

$690,000

13,104 SF

View details

Two-Duplex Residential Income Property

5406, 10 Worthington Street, Lake Park, GA 31632

$460,000

2,184 SF

View details

Four-Unit Duplex Property

06-10-5406, 10 Worthington St, Lake Park, GA 31636

$460,000

2,184 SF

View details

Industrial Warehouse with Roll-Up Doors

6553 Lakes Industrial Pkwy, Lake Park, GA 31636

Contact for pricing

6,250 SF

View details

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 - C-C zoning and a fenced rear yard support automotive service operations with customer-facing and storage areas.

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: 4,745‑square‑foot automotive property on 0.6 acres; Five roll‑up doors, including two larger rear doors; Fully fenced rear area for secured outdoor storage