Listing Agency: LANDMARK REALTY l***@comsouth.net Show Phone

Listed By: Laura Branham · License #356996 Show Phone

Added: Oct 1 Changed: Oct 8 Last Checked: Oct 14 at 12:06AM

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MLS# 266192

Copyright © 2026 Central Georgia MLS. 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.

This auto shop property contains a 2,940-square-foot building on a 0.0452-acre parcel. Heat-pump systems provide both heating and cooling, and the property carries C2 zoning.

The address is 494 S Hwy 247 in Bonaire, at the intersection of Hwy 247 and Hwy 96.

Key Highlights

• 2,940‑square‑foot building
• 0.0452‑acre parcel
• C2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,833

Cap Rate

5.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,660 $736.7K

Cap Rate 7%

$526,186 $526.2K

Cap Rate 9%

$409,256 $409.3K

Market Conditions

NOI Build-Up for 2,940 SF

Gross rent

$57.5K $19.56/SF

− Vacancy

−$4.9K −$1.66/SF

EGI

$52.6K $17.90/SF

− OpEx

−$15.8K −$5.37/SF

NOI

$36.8K $12.53/SF

Area

Houston County, GA

Vacancy

8.50%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,660

Cap Rate 7%

$526,186

Cap Rate 9%

$409,256

Alternative Uses

Best Use

Retail

$526.2K

$460.4K – $613.9K (±1% cap)

NOI $36,833 @ 7.0% cap · market cap 5.85%

Second Best

Industrial

$179.5K

$157.1K – $209.4K (±1% cap)

NOI $12,564 @ 7.0% cap · market cap 2.00%

Theoretical Best

Office A

$634.6K

$555.2K – $740.3K (±1% cap)

NOI $44,419 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

73k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 50% Shops & Services 47% Dining 3%

Publix Groceries

36,466 visits/mo 0.2 miles

Circle K Shops & Services

25,342 visits/mo 0.3 miles

Dollar General Shops & Services

8,514 visits/mo 0.4 miles

SUBWAY Dining

2,432 visits/mo 0.3 miles

Demographics for 31005, GA

20,531

Population

7,514

Households

2.7

Avg Household Size

36

Median Age

41%

College-Educated

96%

High-School Grad

23.1 sq mi

ZIP Area

889

Density / Sq Mi

$107,071

Median Household Income

$58,603

Median Earnings

$1,248

Median Rent

$247,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Auto shop - C2 zoning and heat-pump heating and cooling serve this commercial property.

Where is this auto shop located?

The property is located at 494 S Hwy 247 Bonaire, GA.

What is the asking price?

The asking price for this property is $629,700.

What are key features of this property?

This property features: 2,940‑square‑foot building; 0.0452‑acre parcel; C2 zoning