Building Details

Building Size 1,965 SF

Year Built 2015

Listing Agency: Keller Williams Realty Atl. Partners k***@kw.com Show Phone

Listed By: Charles R Davis · License #283418 Show Phone

Source: Blackstreaminternational

Added: Oct 29 Changed: Nov 1 Last Checked: Nov 1 at 5:52AM

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Investment Insights

Based on property information with market context.

This shopping center contains approximately 4,025 square feet of commercial space and was built in 2015. Its flexible layout can serve retail, office, or service-oriented businesses, with the option to combine owner occupancy and leased space.

The property fronts Highway 29 South in Moreland, Georgia, with access to Newnan, Grantville, and surrounding Coweta County communities.

Key Highlights

• Approximately 4,025 square feet of commercial space
• Built in 2015
• Highway 29 South frontage in Moreland, Georgia

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,613

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,132,260 $1.1M

Cap Rate 7%

$808,757 $808.8K

Cap Rate 9%

$629,033 $629.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,025 SF

Gross rent

$88.4K $21.96/SF

− Vacancy

−$7.5K −$1.87/SF

EGI

$80.9K $20.09/SF

− OpEx

−$24.3K −$6.03/SF

NOI

$56.6K $14.07/SF

Area

Coweta 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 Rate 5%

$1,132,260

Cap Rate 7%

$808,757

Cap Rate 9%

$629,033

Alternative Uses

Best Use

Retail

$808.8K

$707.7K – $943.6K (±1% cap)

NOI $56,613 @ 7.0% cap · market cap 8.09%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.13M

$984.5K – $1.31M (±1% cap)

NOI $78,760 @ 7.0% cap · market cap 11.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Five Star Group, ... Construction Company

Suggested Use

Top Pick Big Box & Wholesale Store Furniture & Home Goods Grocery & Convenience Store Carpet & Flooring Store Auto Repair Shop Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30259, GA

3,517

Population

1,398

Households

2.5

Avg Household Size

44

Median Age

31%

College-Educated

93%

High-School Grad

34.3 sq mi

ZIP Area

103

Density / Sq Mi

$106,768

Median Household Income

$48,526

Median Earnings

$1,316

Median Rent

$342,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Shopping center - Flexible commercial space can accommodate retail, office, or service-oriented businesses.

Where is this shopping center located?

The property is located at 2997 Highway 29 S Moreland, GA.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: Approximately 4,025 square feet of commercial space; Built in 2015; Highway 29 South frontage in Moreland, Georgia