High-Capacity Automotive Service
For Sale
Contact for pricing
2420 Browns Bridge Rd, Gainesville, GA 30504
Remodeled automotive facility with service stalls, specialized equipment, and updated building systems.
Property Size36,583 SF
Price / SF$184.51
Days on Market159
Property Features for 2420 Browns Bridge Rd
General Information
Standard status
Active
Size
36,583 SF
Total Parking Spaces
500
Property subtype
Retail, Special Purpose
Additional Details
Road Access
Yes
Amenities
exterior lighting every 40 feet
six ingress and egress points
upgraded HVAC
updated electrical
operational kitchen
Building Details
Buildings
4
Listing Agency:
SVN | Hokayem Company, Inc.
(770) 531-9992
Listed By:
George Hokayem · License #GA 120751
Source:
Crexi
Added: Mar 26
Changed: Aug 31
Last Checked: Aug 31 at 4:08AM
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 SVN | Hokayem Company, Inc.
Investment Insights
Based on property information with market context.
This 36,583-square-foot automotive service property includes fully operational service stalls, extensive tools, tire changers, brake lathes, and a Hunter alignment machine that is less than five years old. The facility has upgraded HVAC and electrical systems, functional restrooms, and an operating kitchen. Comprehensive remodeling and ongoing improvements have addressed the building’s major operational components.
Located at 2420 Browns Bridge Rd in Gainesville, Georgia, the property provides six ingress and egress points for vehicle circulation and customer access. Exterior lighting is installed approximately every 40 feet along the buildings, supporting visibility across the site. The property accommodates approximately 500 vehicles and has remained under the same ownership for 33 years.
Located at 2420 Browns Bridge Rd in Gainesville, Georgia, the property provides six ingress and egress points for vehicle circulation and customer access. Exterior lighting is installed approximately every 40 feet along the buildings, supporting visibility across the site. The property accommodates approximately 500 vehicles and has remained under the same ownership for 33 years.
Key Highlights
- 36,583‑square‑foot automotive service facility
- Approximately 500‑vehicle capacity
- Six ingress and egress points
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
$421,765
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
6.25%
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%
$8,435,300
$8.4M
Cap Rate 7%
$6,025,214
$6.0M
Cap Rate 9%
$4,686,278
$4.7M
Market Conditions
NOI Build-Up for 36,583 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
$658.5K $18.00/SF
− Vacancy
−$56.0K −$1.53/SF
EGI
$602.5K $16.47/SF
− OpEx
−$180.8K −$4.94/SF
NOI
$421.8K $11.53/SF
Area
Hall County, GA
Vacancy
8.50%
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%
$8,435,300
Cap Rate 7%
$6,025,214
Cap Rate 9%
$4,686,278
Alternative Uses
Best Use
Retail
$6.03M
$5.27M – $7.03M
NOI $421,765 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$3.13M
$2.74M – $3.65M
NOI $219,097 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$10.25M
$8.96M – $11.95M
NOI $717,158 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled automotive facility with service stalls, specialized equipment, and updated building systems.
Where is this auto shop located?
The property is located at 2420 Browns Bridge Rd Gainesville, GA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 36,583‑square‑foot automotive service facility; Approximately 500‑vehicle capacity; Six ingress and egress points
