Listing Agency: Keller Williams Chattahoochee k***@kw.com Show Phone

Listed By: David L McEachern · License #303085 Show Phone

Source: Exprealty

Added: Jan 28 Changed: Oct 3 Last Checked: Oct 16 at 9:16AM

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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 / Yr

$20,911

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$418,220 $418.2K

Cap Rate 7%

$298,729 $298.7K

Cap Rate 9%

$232,344 $232.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $35,222 @ 7.0% cap · market cap 9.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Reliable Heating & Air, ... HVAC Service

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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.