3215 Hwy 278, Covington, GA 30014
11,000 SF former pharmacy available for sale.
- Added:
- Aug 11, 2025
- Days on Market:
- 321
- Last Refresh:
- Mar 16 at 1:22 pm
Property Features for 3215 Hwy 278
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Retail
Listing office Cresa
Listing date Aug 11, 2025
Source Crexi
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 Cresa
HighLights
- 11,000 SF of space available
- Former pharmacy
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 | $253.4k | $23.04 |
| − Vacancy | −$17.7k | −$1.61 |
| EGI | $235.7k | $21.43 |
| − OpEx | −$58.9k | −$5.36 |
| NOI | $176.8k | $16.07 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Drugs for Less — 4140 Tate St NE, Covington, GA 30014
- Covington Nutrition (Morgan Plaza) — 2155 Pace St, Covington, GA 30014
- Publix Pharmacy at Covington Town Center — 43001 Town Center Blvd, Covington, GA 30014
- Peoples Home Medical — 1174 Monticello St SW, Covington, GA 30014
- Blink N Blush — 1123 Church St #102-104, Covington, GA 30014
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- Newton
- State
- Georgia
- Longitude
- -83.8644437
- Latitude
- 33.6020879
