Retail Center with On-Site
For Sale
$1,600,000
Pending
403 S Columbia Avenue, Rincon, GA 31326
Commercial zoning and on-site parking serve this retail center in Rincon.
Property Size8,400 SF
Lot Size0.90 Acres
Days on Market8
Property Features for 403 S Columbia Avenue
General Information
Standard status
Pending
Size
8,400 SF
Total Parking Spaces
43
Lot size
0.90 Acres
Property subtype
Commercial
Zoning
GC, Commercial
Building Details
Building Size
8,400 SF
Year Built
2002
Stories
1
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Pamela S. Chance · License #260812
(912) 429-2715
Source:
Eddymyers
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 3:34AM
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 Keller Williams Coastal Area P
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center in Rincon contains 8,400 square feet on a 0.9-acre parcel. Built in 2002, the property is zoned GC, Commercial and has 43 parking spaces.
The center is on Hwy 21 at 403 S Columbia Avenue in Rincon, Georgia.
The center is on Hwy 21 at 403 S Columbia Avenue in Rincon, Georgia.
Key Highlights
- 8,400 SF retail center on a 0.9‑acre parcel
- 43 parking spaces
- GC, Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,355
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,907,100
$1.9M
Cap Rate 7%
$1,362,214
$1.4M
Cap Rate 9%
$1,059,500
$1.1M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$146.2K $17.40/SF
− Vacancy
−$9.9K −$1.18/SF
EGI
$136.2K $16.22/SF
− OpEx
−$40.9K −$4.87/SF
NOI
$95.4K $11.35/SF
Area
Effingham 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 Rate 5%
$1,907,100
Cap Rate 7%
$1,362,214
Cap Rate 9%
$1,059,500
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,355 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.85M
$6.87M – $9.16M
NOI $549,524 @ 7.0% cap · market cap 34.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Parker's Kitchen
Shops & Services
19,245 visits/mo
0.3 miles
Dollar General
Shops & Services
9,223 visits/mo
0.3 miles
Bank of America
Shops & Services
4,465 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,156 visits/mo
0.1 miles
Sunoco
Shops & Services
2,297 visits/mo
0.3 miles
Demographics for 31326, GA
22,449
Population
9,465
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
68.6 sq mi
ZIP Area
327
Density / Sq Mi
$82,196
Median Household Income
$47,234
Median Earnings
$1,141
Median Rent
$244,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial zoning and on-site parking serve this retail center in Rincon.
Where is this shopping center located?
The property is located at 403 S Columbia Avenue Rincon, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,400 SF retail center on a 0.9‑acre parcel; 43 parking spaces; GC, Commercial zoning
