Storefront Property with Rock
For Sale
$599,900
4645 Highway 136 W, Talking Rock, GA 30175
Commercial Sale, Talking Rock, GA
Property Size2,444 SF
Lot Size3.30 Acres
Price / SF$245.46
Days on Market94
Property Features for 4645 Highway 136 W
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-3
Parking
10
Parking features
Parking Lot
Window features
Wood Frames
Interior features
Recessed Lighting, Restrooms
Lot features
Corner Lot
Directions
take hwy 515 to Antioch Church Road towards Talking Rock take a right at the "T" go 1/4 a mile and the store is located on the left. Sign in place.
Standard status
Active
APN
020A 056
Size
2,444 SF
Lot size
3.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2986
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Water front features
Creek
Amenities
rocking chair front porch
creek frontage
Building Details
Year built
1970
Floors in Building
1
Flooring type
Concrete
Building materials
Stone
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
Century 21 Lindsey and Pauley · Century 21 Real Estate
(706) 692-3533
Listed By:
Michelle Godfrey · License #403502
(706) 692-3533
Added: May 21
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# 7774984
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A C-3 zoned storefront property at 4645 Highway 136 W offers a character-rich rock building and flexible on-site improvements set on 3.3 acres. The main building features a metal roof and stone construction, with concrete flooring, recessed lighting, and restrooms. Heating is central electric, cooling is central air, and the property includes a parking lot.
The site is positioned at a high-visibility corner of Highway 136 and Highway 5, with over 1300 ft of heavy state highway frontage. It also includes 1300 ft of Talking Rock Creek frontage. An additional detached building on-site provides bonus space for storage, workshops, or a secondary business concept.
Utilities include public water and a septic tank, with phone service available. The property was built in 1970 and is described as formerly operated as Blackwater Station Antique Store. The location is less than a minute from Highway 515, supporting convenient regional access.
The site is positioned at a high-visibility corner of Highway 136 and Highway 5, with over 1300 ft of heavy state highway frontage. It also includes 1300 ft of Talking Rock Creek frontage. An additional detached building on-site provides bonus space for storage, workshops, or a secondary business concept.
Utilities include public water and a septic tank, with phone service available. The property was built in 1970 and is described as formerly operated as Blackwater Station Antique Store. The location is less than a minute from Highway 515, supporting convenient regional access.
Key Highlights
- 3.3‑acre C‑3 zoned storefront property at the corner of Highway 136 and Highway 5
- Main 2,500 sq. ft. rock building with metal roof, stone construction, and restrooms
- Over 1300 ft of heavy state highway frontage on Highway 136/Highway 5
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
$34,376
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
5.73%
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%
$687,520
$687.5K
Cap Rate 7%
$491,086
$491.1K
Cap Rate 9%
$381,956
$382.0K
Market Conditions
NOI Build-Up for 2,444 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
$53.7K $21.96/SF
− Vacancy
−$4.6K −$1.87/SF
EGI
$49.1K $20.09/SF
− OpEx
−$14.7K −$6.03/SF
NOI
$34.4K $14.07/SF
Area
Pickens County, GA
Vacancy
8.50%
Lease Rate
$21.96 /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%
$687,520
Cap Rate 7%
$491,086
Cap Rate 9%
$381,956
Alternative Uses
Best Use
Retail
$491.1K
$429.7K – $572.9K
NOI $34,376 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$683.2K
$597.8K – $797.1K
NOI $47,823 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30175, GA
6,571
Population
2,763
Households
2.4
Avg Household Size
44
Median Age
17%
College-Educated
87%
High-School Grad
87.2 sq mi
ZIP Area
75
Density / Sq Mi
$66,595
Median Household Income
$40,027
Median Earnings
$987
Median Rent
$283,600
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.
Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoned storefront property with a stone rock building, metal roof, and creek frontage near major highway access.
Where is this storefront property located?
The property is located at 4645 Highway 136 W Talking Rock, GA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3.3‑acre C‑3 zoned storefront property at the corner of Highway 136 and Highway 5; Main 2,500 sq. ft. rock building with metal roof, stone construction, and restrooms; Over 1300 ft of heavy state highway frontage on Highway 136/Highway 5
