Multi-Space Storefront
New
For Sale
$2,000,000
3737 Main Street, College Park, GA 30337
Fully occupied commercial property with retail, salon, and loft/event spaces on Main Street.
Property Size1,920 SF
Price / SF$195.39
Days on Market5
Property Features for 3737 Main Street
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
20
Property subtype
Other
Occupancy
100%
Amenities
0.086 acres, Corner Lot
Public Sewer
Annual Amount: $9,766, Year: 2025
Central Air, Electric, Fans
Central, Forced Air
Cumulative Days on Market: 1, First day on market, On Market Date: 2026-08-17
On Street, Parking Lot, Paved
Built in 1920, Brick, Concrete, Wood Siding
County: Fulton
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow, Negotiable
Building Details
Building Size
1,920 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
HomeSmart
(678) 997-7393
Listed By:
Chrishuna White
(678) 997-7393
Source:
Blackstreaminternational
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 8:57AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This multi-tenant commercial property combines eight storefront spaces, five salon spaces, and an additional side-street space suitable for a bar, lounge, or other permitted use. The property includes 15 occupied spaces and a private-entry loft/event area of approximately 3,000 SF with a full kitchen, bathroom, and laundry room. Seven bathrooms serve the overall property, which was built in 1920.
The offering includes three parcels at 3737 Main Street in Downtown College Park, with prominent Main Street positioning and approximately 20 rear parking spaces. Located minutes from the airport, the property provides a range of established commercial spaces within a single offering. Current occupancy is 100%, with all 15 of 15 spaces leased.
The offering includes three parcels at 3737 Main Street in Downtown College Park, with prominent Main Street positioning and approximately 20 rear parking spaces. Located minutes from the airport, the property provides a range of established commercial spaces within a single offering. Current occupancy is 100%, with all 15 of 15 spaces leased.
Key Highlights
- 100% leased, with all 15 of 15 spaces occupied
- Eight storefront spaces and five salon spaces
- Private‑entry approximately 3,000 SF loft/event area
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
$131,381
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
6.57%
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%
$2,627,620
$2.6M
Cap Rate 7%
$1,876,871
$1.9M
Cap Rate 9%
$1,459,789
$1.5M
Market Conditions
NOI Build-Up for 10,236 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
$196.5K $19.20/SF
− Vacancy
−$8.8K −$0.86/SF
EGI
$187.7K $18.34/SF
− OpEx
−$56.3K −$5.50/SF
NOI
$131.4K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /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%
$2,627,620
Cap Rate 7%
$1,876,871
Cap Rate 9%
$1,459,789
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,381 @ 7.0% cap · market cap 6.57%
Second Best
Mixed Use
$1.78M
$1.55M – $2.07M
NOI $124,367 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,295 @ 7.0% cap · market cap 10.01%
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
828
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30337, GA
11,810
Population
5,702
Households
2.1
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
12.2 sq mi
ZIP Area
968
Density / Sq Mi
$49,472
Median Household Income
$32,272
Median Earnings
$1,109
Median Rent
$311,900
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 - Fully occupied commercial property with retail, salon, and loft/event spaces on Main Street.
Where is this storefront property located?
The property is located at 3737 Main Street College Park, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 100% leased, with all 15 of 15 spaces occupied; Eight storefront spaces and five salon spaces; Private‑entry approximately 3,000 SF loft/event area
