Three-Story Storefront
For Sale
Contact for pricing
37 E Main St NE, Buford, GA 30518
Historic commercial building with a café and two second-floor tenants, fully leased across three floors.
Property Size9,170 SF
Price / SF$162.49
Days on Market387
Property Features for 37 E Main St NE
General Information
Standard status
Active
Size
9,170 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Year Built
1880
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Norton Commercial & Acreage Group
(770) 297-4800
Listed By:
Tanya Mulka · License #376088
(404) 218-5906
Source:
Moodyscre
Added: Jul 22, 2025
Changed: Jul 31
Last Checked: Jul 31 at 2:02PM
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 Norton Commercial & Acreage Group
Investment Insights
Based on property information with market context.
Constructed in 1880, this three-story storefront property contains approximately 9,170 square feet and is fully leased. The building currently houses 37 Main Rock Café along with two additional second-floor tenants.
Located at 37 E Main St NE in Buford, Georgia, the property sits within the city’s historic district among restaurants, breweries, and retailers. The building’s prior uses included a Lodge Hall and the Allen Department Store, reflecting its longstanding role in Downtown Buford.
The property combines a preserved historic structure with an operating commercial configuration across three floors. Its current tenant arrangement includes ground-floor café space and two second-floor occupancies.
Located at 37 E Main St NE in Buford, Georgia, the property sits within the city’s historic district among restaurants, breweries, and retailers. The building’s prior uses included a Lodge Hall and the Allen Department Store, reflecting its longstanding role in Downtown Buford.
The property combines a preserved historic structure with an operating commercial configuration across three floors. Its current tenant arrangement includes ground-floor café space and two second-floor occupancies.
Key Highlights
- Approximately 9,170 square feet across three floors
- Constructed in 1880
- 100% leased
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
$106,530
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
7.15%
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%
$2,130,600
$2.1M
Cap Rate 7%
$1,521,857
$1.5M
Cap Rate 9%
$1,183,667
$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
$165.1K $18.00/SF
− Vacancy
−$12.9K −$1.40/SF
EGI
$152.2K $16.60/SF
− OpEx
−$45.7K −$4.98/SF
NOI
$106.5K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,130,600
Cap Rate 7%
$1,521,857
Cap Rate 9%
$1,183,667
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,366 @ 7.0% cap · market cap 9.89%
Second Best
Retail
$1.52M
$1.33M – $1.78M
NOI $106,530 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,436 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,416 visits/mo
0.2 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?
Storefront property - Historic commercial building with a café and two second-floor tenants, fully leased across three floors.
Where is this storefront property located?
The property is located at 37 E Main St NE Buford, GA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Approximately 9,170 square feet across three floors; Constructed in 1880; 100% leased
