Garage and Office
For Sale
$450,000
4165 Carroll St SW, Covington, GA 30014
Garage with separate office building, suitable for various businesses.
Property Size3,520 SF
Price / SF$127.84
Days on Market227
Property Features for 4165 Carroll St SW
General Information
Standard status
Active
Size
3,520 SF
Building Details
Year Built
1927
Listing Agency:
Keller Williams Premier
Listed By:
Christie Phillips · License #183261
(678) 487-1600
Source:
Brockteam
Added: Mar 5
Changed: Oct 13
Last Checked: Oct 7 at 2:50PM
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 Premier
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Investment Insights
Based on property information with market context.
This property features a large garage building along with a separate, smaller office building. It is suitable for a used car business, extra storage, or businesses in the HVAC, electrical, or plumbing trades. Access to the buildings is available from both Carroll Street and Washington Street. Any business operating at this location will need to obtain the necessary business license and secure use approval from the City of Covington.
Key Highlights
- Large garage building suitable for various business purposes.
- Separate small office building included.
- Dual access from Carroll St and Washington St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,443
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,860
$428.9K
Cap Rate 7%
$306,329
$306.3K
Cap Rate 9%
$238,256
$238.3K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$33.4K $9.48/SF
− Vacancy
−$2.7K −$0.78/SF
EGI
$30.6K $8.70/SF
− OpEx
−$9.2K −$2.61/SF
NOI
$21.4K $6.09/SF
Area
Newton County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,860
Cap Rate 7%
$306,329
Cap Rate 9%
$238,256
Alternative Uses
Best Use
Retail
$707.3K
$618.9K – $825.2K
NOI $49,510 @ 7.0% cap · market cap 11.00%
Second Best
Office B
$673.4K
$589.2K – $785.6K
NOI $47,137 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$984.0K
$861.0K – $1.15M
NOI $68,878 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30014, GA
39,247
Population
16,159
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
120.7 sq mi
ZIP Area
325
Density / Sq Mi
$71,055
Median Household Income
$37,714
Median Earnings
$1,199
Median Rent
$253,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Pijon Inc-Shell Products — 3231 Spring St NW, Covington, GA 30014
- Enterprise Rent-A-Car — 4132 US-278, Covington, GA 30014
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Garage with separate office building, suitable for various businesses.
Where is this parking lot & garage located?
The property is located at 4165 Carroll St SW Covington, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Large garage building suitable for various business purposes.; Separate small office building included.; Dual access from Carroll St and Washington St.
