Mixed-Use Property with
New
For Sale
$2,000,000
3737 Main Street, College Park, GA 30337
Fifteen leasable spaces support a varied tenant mix of restaurants, retail, salon suites, and boutique businesses.
Property Size6,580 SF
Days on Market3
Property Features for 3737 Main Street
General Information
Standard status
Active
Size
6,580 SF
Total Parking Spaces
20
Property subtype
Commercial,Mixed Use
Occupancy
93%
Taxes and HOA fees
Annual Taxes
$10,600
Amenities
7 Restrooms
New HVAC Units
New Plumbing
Building Details
Building Size
6,580 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
IBM Realty of Georgia, Inc.
Listed By:
Byron Riggins
(770) 598-4984
Source:
Evatlanta
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 9:23PM
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.
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.
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 = 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
$105,743
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
5.29%
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%
$2,114,860
$2.1M
Cap Rate 7%
$1,510,614
$1.5M
Cap Rate 9%
$1,174,922
$1.2M
Market Conditions
NOI Build-Up for 6,580 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
$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 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%
$2,114,860
Cap Rate 7%
$1,510,614
Cap Rate 9%
$1,174,922
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,743 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,456 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,755 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 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: 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
