Three-Story Mixed-Use
For Sale
$1,325,000
37 E Main Street, Buford, GA 30518
Commercial Sale, Buford, GA
Property Size9,170 SF
Lot Size0.08 Acres
Price / SF$144.49
Days on Market462
Property Features for 37 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street, Covered
Lot features
City Lot, Interior Lot, Level, Rail
Directions
Located in the heart of Downtown Buford, directly adjacent to the city's new parking deck and green space, and just a couple of miles from I-985.
Standard status
Active
APN
R7295 018
Size
9,170 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6874
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Building materials
Brick
Listing Agency:
Norton Commercial Acreage Group
(770) 297-4800
Listed By:
Patrick M Cisco · License #376088
(404) 772-8608
Added: May 16, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:06AM
MLS# 10539881
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.
Investment Insights
Based on property information with market context.
Built in 1880, this brick mixed-use property contains approximately 9,170 square feet across three floors. The building is currently occupied by 37 Main Rock Cafe and two additional tenants on the second floor, providing a combination of restaurant and upper-level occupancy. Central heating and central air support the interior, while public water and public sewer serve the property.
Located at 37 E Main Street in Buford, the property includes 0.08 acres and offers covered parking, a parking lot, and on-street parking. The building is 100% leased and sits within Buford’s historic district, surrounded by restaurants, breweries, and retailers.
Located at 37 E Main Street in Buford, the property includes 0.08 acres and offers covered parking, a parking lot, and on-street parking. The building is 100% leased and sits within Buford’s historic district, surrounded by restaurants, breweries, and retailers.
Key Highlights
- Approximately 9,170 square feet across three floors
- 100% leased with 37 Main Rock Cafe and two additional second‑floor tenants
- Constructed in 1880 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,416
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,228,320
$2.2M
Cap Rate 7%
$1,591,657
$1.6M
Cap Rate 9%
$1,237,956
$1.2M
Market Conditions
NOI Build-Up for 9,170 SF
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.
Gross rent
$198.1K $21.60/SF
− Vacancy
−$19.8K −$2.16/SF
EGI
$178.3K $19.44/SF
− OpEx
−$66.8K −$7.29/SF
NOI
$111.4K $12.15/SF
Area
Gwinnett County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,228,320
Cap Rate 7%
$1,591,657
Cap Rate 9%
$1,237,956
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,366 @ 7.0% cap · market cap 11.12%
Second Best
Mixed Use
$1.59M
$1.39M – $1.86M
NOI $111,416 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,436 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,416 visits/mo
0.1 miles
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property with restaurant occupancy, additional upstairs tenants, and multiple parking options in Buford.
Where is this mixed-use property located?
The property is located at 37 E Main Street Buford, GA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Approximately 9,170 square feet across three floors; 100% leased with 37 Main Rock Cafe and two additional second‑floor tenants; Constructed in 1880 with brick construction
