Towing and Wrecker Service
For Sale
$439,900
4503 And 4507 Allen St, Oakwood, GA 30566
Versatile auto service site with existing shop/office and an included residential home ready for renovation.
Property Size1,600 SF
Price / SF$274.94
Days on Market161
Property Features for 4503 And 4507 Allen St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,215
Amenities
A/C - Other
3
Parking.
Other Parking, Garage.
35283.6015625
Building Details
Year Built
1979
Listing Agency:
Norton Commercial Acreage Group
(770) 519-8300
Listed By:
Sheri Millwood · License #179562
(770) 519-8300
Source:
Xome
Added: Mar 17
Changed: Aug 23
Last Checked: Aug 24 at 4:11AM
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 Norton Commercial Acreage Group
Investment Insights
Based on property information with market context.
This property includes an existing shop/office building and is currently set up to continue operation as a towing and wrecker service. The site is also improved with a residential home that is primed for renovation, providing additional flexibility for permitted uses.
The property is located at 4503 and 4507 Allen St in Oakwood, Georgia, about 1.5 miles from I-985. It’s being offered as a single package that combines the operational service improvements with the on-site residence.
For an owner-operator or buyer looking to run or reestablish a towing and wrecker business, the existing shop/office setup supports continued automotive use. The included residential home may offer an avenue for additional functionality on the same parcel, subject to City of Oakwood requirements for permitted uses. This sale does not include any wreckers.
The property is located at 4503 and 4507 Allen St in Oakwood, Georgia, about 1.5 miles from I-985. It’s being offered as a single package that combines the operational service improvements with the on-site residence.
For an owner-operator or buyer looking to run or reestablish a towing and wrecker business, the existing shop/office setup supports continued automotive use. The included residential home may offer an avenue for additional functionality on the same parcel, subject to City of Oakwood requirements for permitted uses. This sale does not include any wreckers.
Key Highlights
- Versatile auto service site previously used for towing and wrecker operations, now available with existing shop/office building
- Existing shop/office can support continued operation as a towing service
- Includes a residential home on the property that is ready for renovation
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
$18,446
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
4.19%
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%
$368,920
$368.9K
Cap Rate 7%
$263,514
$263.5K
Cap Rate 9%
$204,956
$205.0K
Market Conditions
NOI Build-Up for 1,600 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
$28.8K $18.00/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$26.4K $16.47/SF
− OpEx
−$7.9K −$4.94/SF
NOI
$18.4K $11.53/SF
Area
Hall County, GA
Vacancy
8.50%
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%
$368,920
Cap Rate 7%
$263,514
Cap Rate 9%
$204,956
Alternative Uses
Best Use
Retail
$263.5K
$230.6K – $307.4K
NOI $18,446 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$136.9K
$119.8K – $159.7K
NOI $9,582 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,366 @ 7.0% cap · market cap 7.13%
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
256
Businesses Nearby
98k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 100%
Sam's Club
Superstores
98,415 visits/mo
0.5 miles
Demographics for 30566, GA
8,660
Population
3,827
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
78%
High-School Grad
8.0 sq mi
ZIP Area
1,083
Density / Sq Mi
$61,524
Median Household Income
$37,456
Median Earnings
$1,240
Median Rent
$267,000
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Versatile auto service site with existing shop/office and an included residential home ready for renovation.
Where is this auto shop located?
The property is located at 4503 And 4507 Allen St Oakwood, GA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Versatile auto service site previously used for towing and wrecker operations, now available with existing shop/office building; Existing shop/office can support continued operation as a towing service; Includes a residential home on the property that is ready for renovation
