Building Details

Year Built 1920

Buildings 1

Tenancy Multi

Listing Agency: IBM Realty of Georgia, Inc.

Listed By: Byron Riggins Show Phone

Source: Broadandmainrealestate

Added: Sep 1 Changed: Oct 8 Last Checked: Oct 7 at 1:26PM

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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 IBM Realty of Georgia, Inc.

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Investment Insights

Based on property information with market context.

This mixed-use property in downtown College Park contains 15 leasable spaces and a diverse commercial tenant mix that includes restaurants, retail businesses, salon suites, and a boutique. Fourteen of the 15 spaces are leased. The building also includes a 3,000-square-foot upstairs loft with a full kitchen and bathroom, offering potential use as an apartment or event center as described in the property information.

Property improvements include new HVAC units throughout and new plumbing to the building. Seven restrooms serve the property, and a 20-space paved parking area is included. Built in 1920, the property is situated among retail shops, eateries, and cafes in a downtown setting with pedestrian traffic.

Key Highlights

• 14 of 15 leasable spaces are leased
• 3,000‑square‑foot upstairs loft with full kitchen and bathroom
• Tenant mix includes restaurants, retail, salon suites, and a boutique

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$105,743

Cap Rate

5.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,114,860 $2.1M

Cap Rate 7%

$1,510,614 $1.5M

Cap Rate 9%

$1,174,922 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,580 SF

Gross rent

$151.6K $23.04/SF

− Vacancy

−$10.6K −$1.61/SF

EGI

$141.0K $21.43/SF

− OpEx

−$35.2K −$5.36/SF

NOI

$105.7K $16.07/SF

Area

Fulton County, GA

Vacancy

7.00%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,114,860

Cap Rate 7%

$1,510,614

Cap Rate 9%

$1,174,922

Alternative Uses

Best Use

Specialty Retail

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,743 @ 7.0% cap · market cap 5.29%

Second Best

Retail

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,456 @ 7.0% cap · market cap 4.22%

Theoretical Best

Office A

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,755 @ 7.0% cap · market cap 6.44%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Dental Office Pharmacy Garden Center Big Box & Wholesale Store Auto Parts 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.

Lease Details

93.3%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

828

Businesses Nearby

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fifteen leasable spaces support a varied tenant mix of restaurants, retail, salon suites, and boutique businesses.

Where is this mixed-use property located?

The property is located at 3737 Main St 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: 14 of 15 leasable spaces are leased; 3,000‑square‑foot upstairs loft with full kitchen and bathroom; Tenant mix includes restaurants, retail, salon suites, and a boutique