Historic Church with Flexible
For Sale
$1,400,000
2716 Mechanics Avenue, Thunderbolt, GA 31404
Commercial Sale, Thunderbolt, GA
Property Size3,200 SF
Lot Size0.27 Acres
Price / SF$437.50
Days on Market137
Property Features for 2716 Mechanics Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R1
Zoning description
Single Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Interior features
Programmable Thermostat
Appliances
Some Electric Appliances, Some Gas Appliances, Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Wine Cooler
Directions
Victory Drive towards Thunderbolt. Turn right on Mechanics. 2716 is on the left.
Standard status
Active
APN
3000412020
Size
3,200 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT B SUB OF LOTS 13 THRU 16 SUB M&M LAND CO SMB 40S 74 .27AC
Tax Annual Amount
5373
Legal Description
LOT B SUB OF LOTS 13 THRU 16 SUB M&M LAND CO SMB 40S 74 .27AC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1902
Floors in Building
2
Building materials
Concrete, Wood Siding
Roof type
Composition, Asphalt
Architectural style
Other
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Apr 6
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# SA352932
Copyright © 2026 Hive MLS. 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.
Built in 1902, this 3,200-square-foot church property retains original stained glass windows within an open main room that brings strong natural light into the interior. The building includes four bedrooms and four bathrooms, along with a designer kitchen featuring a pass-through layout, multiple private suites, and a contemporary addition that supports separation between shared and private areas.
Set on 0.27 acres in Thunderbolt, the property includes a large private backyard shaded by a mature oak. Public water and public sewer serve the site. Concrete and wood siding construction, composition and asphalt roofing, central heating, and central air complete the physical profile. The address is 2716 Mechanics Avenue, Thunderbolt, GA 31404.
Set on 0.27 acres in Thunderbolt, the property includes a large private backyard shaded by a mature oak. Public water and public sewer serve the site. Concrete and wood siding construction, composition and asphalt roofing, central heating, and central air complete the physical profile. The address is 2716 Mechanics Avenue, Thunderbolt, GA 31404.
Key Highlights
- 3,200‑square‑foot church property built in 1902
- Original stained glass windows in the open main room
- Four bedrooms and four bathrooms
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
$44,489
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
3.18%
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%
$889,780
$889.8K
Cap Rate 7%
$635,557
$635.6K
Cap Rate 9%
$494,322
$494.3K
Market Conditions
NOI Build-Up for 3,200 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
$71.0K $22.20/SF
− Vacancy
−$11.7K −$3.66/SF
EGI
$59.3K $18.54/SF
− OpEx
−$14.8K −$4.63/SF
NOI
$44.5K $13.90/SF
Area
Chatham County, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$889,780
Cap Rate 7%
$635,557
Cap Rate 9%
$494,322
Alternative Uses
Best Use
Office B
$635.6K
$556.1K – $741.5K
NOI $44,489 @ 7.0% cap · market cap 3.18%
Second Best
Mixed Use
$517.6K
$452.9K – $603.9K
NOI $36,234 @ 7.0% cap · market cap 2.59%
Theoretical Best
Warehouse
$2.99M
$2.62M – $3.49M
NOI $209,343 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - 1902 building combines architectural character, private suites, and a kitchen suited to residential or commercial use.
Where is this church & religious facility located?
The property is located at 2716 Mechanics Avenue Thunderbolt, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,200‑square‑foot church property built in 1902; Original stained glass windows in the open main room; Four bedrooms and four bathrooms
