Retail Storefront
For Sale
$505,000
2960 Ball Ground Rd, Ball Ground, GA 30107
Retail showroom/storefront property for sale in Cherokee County, Georgia.
Property Size1,200 SF
Price / SF$420.83
Days on Market47
Property Features for 2960 Ball Ground Rd
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1992
Listing Agency:
Virtual Properties Realty.com
Listed By:
Evelyn Calhoun · License #381641
(770) 733-0779
Source:
Mcandrewsnelsonrealestate
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 2 at 3:37PM
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 Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This property is offered for sale as a retail showroom/storefront space. The available information describes it as a commercial storefront-type asset suitable for retail-oriented uses.
Located in Cherokee County, Georgia. Directions: Take I-575 North to the Ball Ground exit 27, turn right, proceed to the stop sign and turn left at the four-way stop; the property is on the right.
Because no additional building specifications, improvements, or current tenancy details are provided, prospective buyers should confirm layout, condition, and any use restrictions during due diligence.
Located in Cherokee County, Georgia. Directions: Take I-575 North to the Ball Ground exit 27, turn right, proceed to the stop sign and turn left at the four-way stop; the property is on the right.
Because no additional building specifications, improvements, or current tenancy details are provided, prospective buyers should confirm layout, condition, and any use restrictions during due diligence.
Key Highlights
- Retail showroom/storefront property in Cherokee County, Georgia
- Built in 1992
- Central heating and central air conditioning
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
$16,878
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
3.34%
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%
$337,560
$337.6K
Cap Rate 7%
$241,114
$241.1K
Cap Rate 9%
$187,533
$187.5K
Market Conditions
NOI Build-Up for 1,200 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
$26.4K $21.96/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$24.1K $20.09/SF
− OpEx
−$7.2K −$6.03/SF
NOI
$16.9K $14.07/SF
Area
Cherokee County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$337,560
Cap Rate 7%
$241,114
Cap Rate 9%
$187,533
Alternative Uses
Best Use
Retail
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30107, GA
16,528
Population
6,536
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
108.1 sq mi
ZIP Area
153
Density / Sq Mi
$105,561
Median Household Income
$49,962
Median Earnings
$1,120
Median Rent
$364,300
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?
Showroom - Retail showroom/storefront property for sale in Cherokee County, Georgia.
Where is this showroom located?
The property is located at 2960 Ball Ground Rd Ball Ground, GA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Retail showroom/storefront property in Cherokee County, Georgia; Built in 1992; Central heating and central air conditioning
