Auto Shop Property for
For Sale
$850,000
2860 Veterans Memorial Hwy, Austell, GA 30168
For-sale automotive property at 2860 Veterans Memorial Hwy, identified as an auto shop/automotive retail space.
Property Size5,636 SF
Days on Market94
Property Features for 2860 Veterans Memorial Hwy
General Information
Standard status
Active
Size
5,636 SF
Property subtype
Commercial
Building Details
Building Size
5,636 SF
Year Built
1959
Listing Agency:
Matthews Real Estate Investment Services | Atlanta
Listed By:
Grant Morgan · License #430218 (GA)
(205) 610-8670
Source:
Matthews
Added: Jul 18
Changed: Oct 5
Last Checked: Oct 16 at 5:40AM
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 Matthews Real Estate Investment Services | Atlanta
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale commercial property is identified broadly as an auto shop and automotive commercial space. It’s also categorized as a retail property within the provided listings.
The asset is located at 2860 Veterans Memorial Hwy in Austell, GA 30168. No additional details are provided regarding building size, unit configuration, condition, or specific site features.
Interested parties should confirm the property’s exact layout and improvements directly with the listing broker before proceeding.
The asset is located at 2860 Veterans Memorial Hwy in Austell, GA 30168. No additional details are provided regarding building size, unit configuration, condition, or specific site features.
Interested parties should confirm the property’s exact layout and improvements directly with the listing broker before proceeding.
Key Highlights
- Auto shop/automotive retail space for sale at 2860 Veterans Memorial Hwy
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,334
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,680
$686.7K
Cap Rate 7%
$490,486
$490.5K
Cap Rate 9%
$381,489
$381.5K
Market Conditions
NOI Build-Up for 5,636 SF
Gross rent
$53.4K $9.48/SF
− Vacancy
−$4.4K −$0.78/SF
EGI
$49.0K $8.70/SF
− OpEx
−$14.7K −$2.61/SF
NOI
$34.3K $6.09/SF
Area
Cobb County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,680
Cap Rate 7%
$490,486
Cap Rate 9%
$381,489
Alternative Uses
Best Use
Retail
$1.13M
$990.9K – $1.32M
NOI $79,272 @ 7.0% cap · market cap 9.33%
Second Best
Industrial
$490.5K
$429.2K – $572.2K
NOI $34,334 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,781 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Chevron
Shops & Services
11,658 visits/mo
0.5 miles
Burger King
Dining
8,772 visits/mo
0.3 miles
Dollar General
Shops & Services
6,874 visits/mo
0.2 miles
Maxway
Shops & Services
5,421 visits/mo
0.4 miles
Texaco
Shops & Services
3,364 visits/mo
0.4 miles
Demographics for 30168, GA
26,544
Population
10,405
Households
2.6
Avg Household Size
33
Median Age
28%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
2,141
Density / Sq Mi
$65,646
Median Household Income
$37,180
Median Earnings
$1,364
Median Rent
$229,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kangas Heavy Equipment Repair — 2349 Old Alabama Rd, Austell, GA 30168
- Wazs Auto Repairs — 6240 Hotel St, Austell, GA 30106
- Hotrod Kustoms — Hotel St, Austell, GA 30106
- Jay's Automotive Services — 6230 Hotel St, Austell, GA 30106
- All-Star Truck Repair — 2955 Line St, Austell, GA 30106
Frequently Asked Questions
What type of property is this?
Auto shop - For-sale automotive property at 2860 Veterans Memorial Hwy, identified as an auto shop/automotive retail space.
Where is this auto shop located?
The property is located at 2860 Veterans Memorial Hwy Austell, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Auto shop/automotive retail space for sale at 2860 Veterans Memorial Hwy; Built in 1959
