Brick Retail Strip
For Sale
$625,000
3754 Us Highway 17, Richmond Hill, GA 31324
Commercial Sale, Richmond Hill, GA
Property Size2,100 SF
Lot Size0.03 Acres
Price / SF$297.62
Days on Market25
Property Features for 3754 Us Highway 17
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CITY
Zoning description
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Security features
Security Lighting
Interior features
High Ceilings
Appliances
Electric Water Heater
Directions
Highway 17 South at the Exit 87 on I-95 In Park South Plaza
Standard status
Active
APN
047-007-008
Size
2,100 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
UNIT 8 PARK SOUTH
HOA Fee
$250 Monthly
Legal Description
UNIT 8 PARK SOUTH
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Water source
Public
Building Details
Year built
2007
Floors in Building
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Brick
Listing Agency:
RE/MAX Accent · RE/MAX International
(912) 756-5888
Listed By:
Shellie S. Weir · License #353884
(912) 667-9067
Added: Jul 27
Changed: Aug 19
Last Checked: Aug 20 at 7:06PM
MLS# SA361381
Copyright © 2026 Hive MLS. 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.
This 2,100-square-foot retail strip center was built in 2007 and features brick construction, high ceilings, ceramic tile and vinyl flooring, and a bathroom. Central electric heating and cooling are supported by heat-pump systems, while the property also includes an electric water heater.
The property is located at 3754 US Highway 17 in Richmond Hill, Georgia, just off I-95. Public water and public sewer serve the site. The 0.03-acre parcel carries CITY zoning and is reported as having no vacancy, supporting an occupied retail configuration.
The property is located at 3754 US Highway 17 in Richmond Hill, Georgia, just off I-95. Public water and public sewer serve the site. The 0.03-acre parcel carries CITY zoning and is reported as having no vacancy, supporting an occupied retail configuration.
Key Highlights
- 2,100 square feet of retail space
- Built in 2007 with brick construction
- No‑vacancy plaza configuration
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
$23,839
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
3.81%
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%
$476,780
$476.8K
Cap Rate 7%
$340,557
$340.6K
Cap Rate 9%
$264,878
$264.9K
Market Conditions
NOI Build-Up for 2,100 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
$36.5K $17.40/SF
− Vacancy
−$2.5K −$1.18/SF
EGI
$34.1K $16.22/SF
− OpEx
−$10.2K −$4.87/SF
NOI
$23.8K $11.35/SF
Area
Bryan County, GA
Vacancy
6.80%
Lease Rate
$17.40 /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%
$476,780
Cap Rate 7%
$340,557
Cap Rate 9%
$264,878
Alternative Uses
Best Use
Retail
$340.6K
$298.0K – $397.3K
NOI $23,839 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.96M
$1.72M – $2.29M
NOI $137,381 @ 7.0% cap · market cap 21.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 31324, GA
33,733
Population
12,748
Households
2.6
Avg Household Size
34
Median Age
42%
College-Educated
95%
High-School Grad
129.8 sq mi
ZIP Area
260
Density / Sq Mi
$110,767
Median Household Income
$56,635
Median Earnings
$1,764
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Occupied brick retail plaza with high ceilings, public utilities, and convenient access near major transportation routes.
Where is this strip mall located?
The property is located at 3754 Us Highway 17 Richmond Hill, GA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,100 square feet of retail space; Built in 2007 with brick construction; No‑vacancy plaza configuration
