Renovated Brick Live-Work
For Sale
$245,000
4413 Wrightsboro Road, Grovetown, GA 30813
Newly renovated brick live-work home with 3 bedrooms, 2 bathrooms, and C-2 zoning on an acre lot.
Property Size1,383 SF
Lot Size1.00 Acre
Price / SF$177.15
Days on Market895
Property Features for 4413 Wrightsboro Road
General Information
Standard status
Active
Size
1,383 SF
Lot size
1.00 Acre
Property subtype
Office
Zoning
C-2
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
1967
Listing Agency:
Defoor Realty
(706) 541-0637
Listed By:
Jefferson DeFoor · License #336253
(706) 836-2461
Source:
Xome
Added: Mar 27, 2024
Changed: Sep 1
Last Checked: Sep 7 at 4:44AM
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 Defoor Realty
Investment Insights
Based on property information with market context.
Newly renovated brick live-work property featuring a 3-bedroom, 2-bathroom home configured to support office space and/or operational facilities. The expansive acre lot offers room for equipment storage and parking, with space that may accommodate future expansions, subject to approval.
Located at 4413 Wrightsboro Road in Grovetown, Georgia, the property is about 1 mile from I-20, providing convenient access to major transportation routes for business logistics and client visits. The site is zoned C-2.
Offered for sale at $245,000.
Located at 4413 Wrightsboro Road in Grovetown, Georgia, the property is about 1 mile from I-20, providing convenient access to major transportation routes for business logistics and client visits. The site is zoned C-2.
Offered for sale at $245,000.
Key Highlights
- Newly renovated 1967 brick live‑work home with 3 bedrooms and 2 bathrooms
- C‑2 zoning for live‑work or business use with office and/or operational facilities
- Spacious 1‑acre lot with room for equipment storage and parking
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
$21,160
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
8.64%
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%
$423,200
$423.2K
Cap Rate 7%
$302,286
$302.3K
Cap Rate 9%
$235,111
$235.1K
Market Conditions
NOI Build-Up for 1,383 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
$33.2K $24.00/SF
− Vacancy
−$5.0K −$3.60/SF
EGI
$28.2K $20.40/SF
− OpEx
−$7.1K −$5.10/SF
NOI
$21.2K $15.30/SF
Area
Columbia County, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$423,200
Cap Rate 7%
$302,286
Cap Rate 9%
$235,111
Alternative Uses
Best Use
Office B
$302.3K
$264.5K – $352.7K
NOI $21,160 @ 7.0% cap · market cap 8.64%
Second Best
Mixed Use
$240.0K
$210.0K – $280.1K
NOI $16,803 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$436.5K
$382.0K – $509.3K
NOI $30,557 @ 7.0% cap · market cap 12.47%
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
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Live-work space - Newly renovated brick live-work home with 3 bedrooms, 2 bathrooms, and C-2 zoning on an acre lot.
Where is this live-work space located?
The property is located at 4413 Wrightsboro Road Grovetown, GA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Newly renovated 1967 brick live‑work home with 3 bedrooms and 2 bathrooms; C‑2 zoning for live‑work or business use with office and/or operational facilities; Spacious 1‑acre lot with room for equipment storage and parking
