311 Vernon St, Lagrange, GA 30240
For Sale
$449,000
Convenience store and smoke shop in corridor mixed-use zoning (16-CR-MX) with wheelchair-accessible entrance and public water.
Property Size2,478 SF
Lot Size0.25 Acres
Price / SF$181.19
Days on Market93
Property Features for 311 Vernon St
General Information
Standard status
Property type
Size
Lot size
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listed By:
Mukeshkumar
(201) 912-7779
Added: Aug 11
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Investment Insights
Based on property information with market context.
Key Highlights
- Investment Highlights
- Exceptional Traffic & Signage Equity: Positioned on a high‑exposure corridor with 16,500+ vehicles passing daily. The prominent corner placement ensures dual‑street visibility and unmatched branding power.
- Superior Ingress/Egress: Strategic corner lot design provides multiple points of entry and exit, a critical logistical advantage for high‑volume, convenience‑oriented tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,340
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,800
$646.8K
Cap Rate 7%
$462,000
$462.0K
Cap Rate 9%
$359,333
$359.3K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$45.2K $18.24/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$43.1K $17.40/SF
− OpEx
−$10.8K −$4.35/SF
NOI
$32.3K $13.05/SF
Area
Troup County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,800
Cap Rate 7%
$462,000
Cap Rate 9%
$359,333
Alternative Uses
Best Use
Specialty Retail
$462.0K
$404.3K – $539.0K
NOI $32,340 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$431.2K
$377.3K – $503.1K
NOI $30,184 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 8.64%
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
1,151
Businesses Nearby
104k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 25%
Leisure 8%
Groceries 7%
Shell
Shops & Services
11,726 visits/mo
0.1 miles
Your Pie
Dining
9,338 visits/mo
0.2 miles
Wendy's
Dining
9,312 visits/mo
0.1 miles
AMC CLASSIC LaGrange 10
Leisure
8,728 visits/mo
0.4 miles
Bank of America
Shops & Services
8,401 visits/mo
0.3 miles
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Piggly Wiggly — 505 S Greenwood St, LaGrange, GA 30240
- Lupitas Latino Supermarket — 310 Greenville St, LaGrange, GA 30241
- Mi Pueblito Supermarket Deli & Taqueria — 310 Greenville St, LaGrange, GA 30241
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store and smoke shop in corridor mixed-use zoning (16-CR-MX) with wheelchair-accessible entrance and public water.
Where is this grocery and convenience store located?
The property is located at 311 Vernon St Lagrange, GA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Investment Highlights; Exceptional Traffic & Signage Equity: Positioned on a high‑exposure corridor with 16,500+ vehicles passing daily. The prominent corner placement ensures dual‑street visibility and unmatched branding power.; Superior Ingress/Egress: Strategic corner lot design provides multiple points of entry and exit, a critical logistical advantage for high‑volume, convenience‑oriented tenants.
