311 Vernon Street, Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
- Added:
- Apr 30, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 4:06 pm
Property Features for 311 Vernon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0614A022001
- Size
- 2,478 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 3397
Utilities
- Utilities
- Water Available
- Sewer type
- Private Sewer
- Heating system
- Central, Natural Gas, Forced Air
- Cooling system
- Attic Fan, Electric
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Vinyl Siding
Listing agent Mukeshkumar Rajput License #433724 (201) 912-7779
Listing office Virtual Properties Realty.com 2750 Premiere Pkwy, Ste. 200, Duluth, GA (770) 495-5050
Listing date Apr 30, 2026
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.
HighLights
- High‑visibility location in a growing corridor of Troup County with established local traffic.
- Zoned 16‑CR‑MX (Corridor Mixed‑Use) allowing for a wide range of retail or professional service applications.
- Currently operating as a convenience store and smoke shop, presenting an immediate income opportunity.
- 2,478 SF commercial building on a 0.25‑acre lot, suitable for various business ventures.
- Durable construction featuring concrete flooring and a sturdy metal roof.
- Wheelchair‑accessible entrance for maximum accessibility.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $18.24 |
| − Vacancy | −$2.1k | −$0.84 |
| EGI | $43.1k | $17.40 |
| − OpEx | −$10.8k | −$4.35 |
| NOI | $32.3k | $13.05 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Piggly Wiggly — 505 S Greenwood St, LaGrange, GA 30240
Location Insight
- Map
- Local Demand
- City
- Lagrange
- County
- Troup
- State
- Georgia
- Longitude
- -85.036445
- Latitude
- 33.038445
