Highway 17 Strip Mall
New
For Sale
$625,000
3754 Us Highway 17 Unit 8, Richmond Hill, GA 31324
Built in 2007 and positioned near I-95 along Highway 17 South.
Property Size2,100 SF
Price / SF$297.62
Days on Market5
Property Features for 3754 Us Highway 17 Unit 8
General Information
Standard status
Active
Size
2,100 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Listing Agency:
RE/MAX Accent
(912) 667-9067
Listed By:
Shellie S. Weir · License #353884
Source:
Patrickrealestate
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 4:08PM
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 RE/MAX Accent
Investment Insights
Based on property information with market context.
Unit 8 is part of a strip mall property at 3754 US Highway 17 in Richmond Hill, Georgia. The property was built in 2007, and the plaza is described as having no vacancy.
The site is located along Highway 17 South, just off I-95, providing access to a major regional route. The property is identified as a 2,100-size commercial unit within the plaza and is presented for sale.
The site is located along Highway 17 South, just off I-95, providing access to a major regional route. The property is identified as a 2,100-size commercial unit within the plaza and is presented for sale.
Key Highlights
- Unit 8 in a strip mall property
- Built in 2007
- Located on Highway 17 South near I‑95
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
Location Intelligence
Trade Area within ½ mile
295
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 - Built in 2007 and positioned near I-95 along Highway 17 South.
Where is this strip mall located?
The property is located at 3754 Us Highway 17 Unit 8 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: Unit 8 in a strip mall property; Built in 2007; Located on Highway 17 South near I‑95
