Building Details

Year built 2015

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

Listed By: Charles R Davis · License #329507 Show Phone

Added: Oct 29 Last Checked: Oct 30 at 12:06AM

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MLS# 10881615

Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 2015, this shopping center contains 4,025 square feet on a 0.93-acre parcel. Central heating and central air condition the building, and a parking lot serves the property. The site has public water, a septic system, and cable availability.

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

Key Highlights

• 4,025 square feet of commercial space on 0.93 acres
• Built in 2015 with central heating and central air
• Frontage along Highway 29 South in Moreland

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.

Lease Details

Yes

Highway access

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 - Central heating and air serve a multi-tenant commercial property suited to retail, office, or service 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: 4,025 square feet of commercial space on 0.93 acres; Built in 2015 with central heating and central air; Frontage along Highway 29 South in Moreland