Grayson Parkway Commercial
For Sale
$370,000
410 Grayson Pkwy, Grayson, GA 30017
Versatile 1,800 SF commercial building with high visibility.
Property Size1,800 SF
Price / SF$205.56
Days on Market214
Property Features for 410 Grayson Pkwy
General Information
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Annual Taxes
$6,371
Listing Agency:
Keller Williams Chattahoochee
(404) 406-0638
Listed By:
David L McEachern · License #303085
(404) 406-0638
Source:
Exprealty
Added: Jan 28
Changed: Aug 28
Last Checked: Aug 29 at 12:42PM
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 Chattahoochee
Investment Insights
Based on property information with market context.
This 1,800 SF commercial building features road frontage on Grayson Parkway, providing high visibility and strong daily traffic counts. The space includes both showroom and workroom areas, suitable for retail, service-based businesses, or professional office use. It is connected to a city shopping complex, benefiting from customer flow. The property is newly painted and move-in ready. Located in Grayson, one of the dynamically growing areas in Metro Atlanta, the area offers strong demographics and continued expansion.
Key Highlights
- High visibility on Grayson Parkway with strong daily traffic.
- Versatile 1,800 SF space for retail, service, or offices with showroom and workroom.
- Located in a dynamically growing area of Metro Atlanta.
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
$20,911
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
5.65%
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%
$418,220
$418.2K
Cap Rate 7%
$298,729
$298.7K
Cap Rate 9%
$232,344
$232.3K
Market Conditions
NOI Build-Up for 1,800 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
$32.4K $18.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$29.9K $16.60/SF
− OpEx
−$9.0K −$4.98/SF
NOI
$20.9K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /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%
$418,220
Cap Rate 7%
$298,729
Cap Rate 9%
$232,344
Alternative Uses
Best Use
Retail
$298.7K
$261.4K – $348.5K
NOI $20,911 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
257k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 21%
Groceries 15%
Beauty & Spa 1%
Kroger
Groceries
38,893 visits/mo
0.3 miles
McDonald's
Dining
36,838 visits/mo
0.4 miles
Starbucks
Dining
18,488 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
17,774 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
16,123 visits/mo
0.5 miles
Demographics for 30017, GA
24,642
Population
8,097
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.6 sq mi
ZIP Area
2,124
Density / Sq Mi
$95,654
Median Household Income
$55,386
Median Earnings
$1,878
Median Rent
$392,200
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.
Similar Off Market Nearby
- Dalton Discount Floors & More - Luxury Vinyl Flooring Carpet Laminate Flooring Hardwood — 438 Grayson Pkwy Suite 200, Grayson, GA 30017
- Dalton Discount Floors and More — 438 Grayson Pkwy Suite 200, Grayson, GA 30017
- Heritage Flooring — 115 Grayson Industrial Pkwy Suite: 5, Grayson, GA 30017
Frequently Asked Questions
What type of property is this?
Showroom - Versatile 1,800 SF commercial building with high visibility.
Where is this showroom located?
The property is located at 410 Grayson Pkwy Grayson, GA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: High visibility on Grayson Parkway with strong daily traffic.; Versatile 1,800 SF space for retail, service, or offices with showroom and workroom.; Located in a dynamically growing area of Metro Atlanta.
