Two-Unit Retail Condo
For Sale
Contact for pricing
2421 Malcom Bridge Rd, Bogart, GA 30622
Two-unit retail condo portfolio available in a new neighborhood commercial development.
Property Size4,201 SF
Price / SF$383.97
Days on Market177
Property Features for 2421 Malcom Bridge Rd
General Information
Standard status
Active
Size
4,201 SF
Class
A
Property subtype
Retail
Zoning
B2
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$111,302
Building Details
Year Built
2025
Year Renovated
2025
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
WHR Real Estate Co
Listed By:
Hank Randolph · License #GA 366078
(706) 714-1196
Source:
Crexi
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 31 at 6:56AM
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 WHR Real Estate Co
Investment Insights
Based on property information with market context.
This for-sale portfolio includes two unit retail condos in a new neighborhood commercial development at The Village at Malcom Bridge. The property is positioned as part of an active retail grouping supporting the surrounding residential community.
The surrounding community is described as walkable, with over 600 homes nearby, and award-winning schools across the street.
The offering provides buyers the opportunity to acquire a two-unit retail configuration within a developing commercial area in Bogart, Georgia.
The surrounding community is described as walkable, with over 600 homes nearby, and award-winning schools across the street.
The offering provides buyers the opportunity to acquire a two-unit retail configuration within a developing commercial area in Bogart, Georgia.
Key Highlights
- Two‑unit retail condo portfolio available in a new neighborhood commercial development
- Located in The Village at Malcom Bridge of Oconee County, GA
- Surrounding community is walkable with over 600 homes
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
$47,481
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
2.94%
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%
$949,620
$949.6K
Cap Rate 7%
$678,300
$678.3K
Cap Rate 9%
$527,567
$527.6K
Market Conditions
NOI Build-Up for 4,201 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
$75.6K $18.00/SF
− Vacancy
−$7.8K −$1.85/SF
EGI
$67.8K $16.15/SF
− OpEx
−$20.3K −$4.84/SF
NOI
$47.5K $11.30/SF
Area
Oconee County, GA
Vacancy
10.30%
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%
$949,620
Cap Rate 7%
$678,300
Cap Rate 9%
$527,567
Alternative Uses
Best Use
Retail
$678.3K
$593.5K – $791.4K
NOI $47,481 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$886.1K – $1.18M
NOI $70,891 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30622, GA
11,044
Population
4,336
Households
2.5
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
37.0 sq mi
ZIP Area
298
Density / Sq Mi
$127,530
Median Household Income
$60,960
Median Earnings
$1,603
Median Rent
$379,400
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?
Storefront property - Two-unit retail condo portfolio available in a new neighborhood commercial development.
Where is this storefront property located?
The property is located at 2421 Malcom Bridge Rd Bogart, GA.
What is the asking price?
The asking price for this property is $1,613,072.
What are key features of this property?
This property features: Two‑unit retail condo portfolio available in a new neighborhood commercial development; Located in The Village at Malcom Bridge of Oconee County, GA; Surrounding community is walkable with over 600 homes
