Listing Agency: Founders Realty b***@foundersrealtyga.com Show Phone

Listed By: Blake Ginger · License #363074 Show Phone

Source: Exprealty

Added: Jun 1 Changed: Oct 11 Last Checked: Oct 16 at 12:25PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a professional commercial suite with a separately accessed residential unit. The commercial area includes a reception and lobby, four private offices, a conference room, restroom, and kitchenette. A firewall separates the two components, supporting independent operation and privacy between uses. Major renovations were completed in 2024, updating nearly every aspect of the property.

The residential portion is leased with approximately 18 months remaining on the existing lease. Below the main level, an unfinished 1,638-square-foot basement offers an open, clean layout with exceptional ceiling height. The lower level can accommodate storage, workshop use, climate-controlled space, or future tenant improvements, subject to applicable approvals.

Key Highlights

• Mixed‑use configuration with distinct commercial and residential components
• Commercial suite includes reception area, 4 private offices, conference room, restroom, and kitchenette
• Separate residential entrance with firewall dividing the two uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,005

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,100 $440.1K

Cap Rate 7%

$314,357 $314.4K

Cap Rate 9%

$244,500 $244.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,638 SF

Gross rent

$42.7K $26.04/SF

− Vacancy

−$2.6K −$1.61/SF

EGI

$40.0K $24.43/SF

− OpEx

−$18.0K −$10.99/SF

NOI

$22.0K $13.43/SF

Area

Haralson County, GA

Vacancy

6.20%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$440,100

Cap Rate 7%

$314,357

Cap Rate 9%

$244,500

Alternative Uses

Best Use

Apartment 5plus

$314.4K

$275.1K – $366.8K (±1% cap)

NOI $22,005 @ 7.0% cap · market cap 5.64%

Second Best

Office B

$313.4K

$274.2K – $365.6K (±1% cap)

NOI $21,935 @ 7.0% cap · market cap 5.63%

Theoretical Best

Office A

$460.0K

$402.5K – $536.6K (±1% cap)

NOI $32,197 @ 7.0% cap · market cap 8.26%

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

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store Big Box & Wholesale Store Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store

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

5

Businesses Nearby

Explore this area Business Placement

Demographics for 30113, GA

6,169

Population

2,536

Households

2.4

Avg Household Size

42

Median Age

14%

College-Educated

80%

High-School Grad

102.0 sq mi

ZIP Area

60

Density / Sq Mi

$62,483

Median Household Income

$39,236

Median Earnings

$911

Median Rent

$189,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Distinct commercial and residential areas provide separate entrances, dedicated layouts, and flexible income use.

Where is this mixed-use property located?

The property is located at 3635 Business 27 Buchanan, GA.

What is the asking price?

The asking price for this property is $389,900.

What are key features of this property?

This property features: Mixed‑use configuration with distinct commercial and residential components; Commercial suite includes reception area, 4 private offices, conference room, restroom, and kitchenette; Separate residential entrance with firewall dividing the two uses