Mixed-Use Property with Existing
467 Toonigh Road, Woodstock, GA 30188
For Sale
$599,999
The Toonigh Road property includes existing structures and acreage in a setting with commercial and light industrial uses.
Property Size2,184 SF
Price / SF$274.72
Days on Market61
Property Features for 467 Toonigh Road
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
ERA Sunrise Realty
(770) 720-1515
Listed By:
BRYAN ROACH · License #305545
(404) 425-2578
Source:
Mccallproperties
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 7 at 12:55PM
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 ERA Sunrise Realty
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Investment Insights
Based on property information with market context.
At 467 Toonigh Road, this mixed-use property spans approximately 2 acres and includes 2,184 square feet of existing improvements. The structures date to 1975; potential functions identified for them include office, storage, and workspace, subject to applicable approvals.
The property is in Woodstock, Georgia, along Toonigh Road, amid established general commercial and light industrial uses. An adjoining parcel at 471 Toonigh Road may be combined with the offering, adding approximately 2 acres, a house, and a workshop.
The property is in Woodstock, Georgia, along Toonigh Road, amid established general commercial and light industrial uses. An adjoining parcel at 471 Toonigh Road may be combined with the offering, adding approximately 2 acres, a house, and a workshop.
Key Highlights
- Approximately 2 acres along Toonigh Road in Woodstock, Georgia
- 2,184 square feet of existing improvements, built in 1975
- Established general commercial and light industrial uses surround the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,829
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,580
$576.6K
Cap Rate 7%
$411,843
$411.8K
Cap Rate 9%
$320,322
$320.3K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$52.4K $24.00/SF
− Vacancy
−$6.3K −$2.88/SF
EGI
$46.1K $21.12/SF
− OpEx
−$17.3K −$7.92/SF
NOI
$28.8K $13.20/SF
Area
Cherokee County, GA
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,580
Cap Rate 7%
$411,843
Cap Rate 9%
$320,322
Alternative Uses
Best Use
Mixed Use
$411.8K
$360.4K – $480.5K
NOI $28,829 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.3K
$536.6K – $715.5K
NOI $42,929 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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Business Placement
Demographics for 30188, GA
67,972
Population
26,759
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
95%
High-School Grad
43.7 sq mi
ZIP Area
1,555
Density / Sq Mi
$105,395
Median Household Income
$55,281
Median Earnings
$1,736
Median Rent
$389,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The Toonigh Road property includes existing structures and acreage in a setting with commercial and light industrial uses.
Where is this mixed-use property located?
The property is located at 467 Toonigh Road Woodstock, GA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Approximately 2 acres along Toonigh Road in Woodstock, Georgia; 2,184 square feet of existing improvements, built in 1975; Established general commercial and light industrial uses surround the property
