Corner Retail Development
For Sale
$2,400,000
4967 Austell Road, Austell, GA 30106
Four-parcel corner site near South Cobb High School with mixed C3 and C4 zoning for retail development.
Property Size11,740 SF
Lot Size5.29 Acres
Days on Market50
Property Features for 4967 Austell Road
General Information
Standard status
Active
Size
11,740 SF
Lot size
5.29 Acres
Property subtype
Free Standing Building
Zoning
C3 and C4
Building Details
Building Size
11,740 SF
Listing Agency:
KW Commercial
(770) 992-3356
Listed By:
Rocky Kaufmann · License #248712
(770) 992-3356
Source:
Thebrokerlist
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 21 at 3:57AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This four-parcel property offers a corner commercial land opportunity at the intersection of Austell Road and Clay Road. The site totals approximately 5.288 acres and includes a mix of C3 and C4 zoning classifications, providing flexibility for compatible commercial development.
The property sits directly across from South Cobb High School and fronts a high-traffic, signalized intersection, supporting visibility for retail-oriented uses. Its corner position on Austell Road and Clay Road provides prominent access points for prospective customers and tenants.
For buyers and developers, the mixed C3/C4 zoning makes the site a practical fit for a range of commercial concepts that align with the zoning allowances. This offering is structured as land across four parcels, which can also be helpful for assembling a coherent site plan while leveraging the location’s school-adjacent, intersection exposure.
The property sits directly across from South Cobb High School and fronts a high-traffic, signalized intersection, supporting visibility for retail-oriented uses. Its corner position on Austell Road and Clay Road provides prominent access points for prospective customers and tenants.
For buyers and developers, the mixed C3/C4 zoning makes the site a practical fit for a range of commercial concepts that align with the zoning allowances. This offering is structured as land across four parcels, which can also be helpful for assembling a coherent site plan while leveraging the location’s school-adjacent, intersection exposure.
Key Highlights
- Four‑parcel corner site at Austell Road and Clay Road in Austell
- Approximately 5.288 acres total
- Mixed C3 and C4 zoning (C3/C4 zoning across the parcels)
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
$165,128
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
6.88%
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%
$3,302,560
$3.3M
Cap Rate 7%
$2,358,971
$2.4M
Cap Rate 9%
$1,834,756
$1.8M
Market Conditions
NOI Build-Up for 11,740 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
$257.8K $21.96/SF
− Vacancy
−$21.9K −$1.87/SF
EGI
$235.9K $20.09/SF
− OpEx
−$70.8K −$6.03/SF
NOI
$165.1K $14.07/SF
Area
Cobb 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%
$3,302,560
Cap Rate 7%
$2,358,971
Cap Rate 9%
$1,834,756
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $165,128 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.88M – $3.85M
NOI $230,761 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Superstores 27%
Apparel 8%
Dollar Tree
Shops & Services
12,805 visits/mo
0.2 miles
Big Lots
Superstores
12,141 visits/mo
0.2 miles
Exxon
Shops & Services
6,019 visits/mo
0.3 miles
Dollar General
Shops & Services
5,269 visits/mo
0.1 miles
Shell
Shops & Services
4,849 visits/mo
0.3 miles
Demographics for 30106, GA
24,020
Population
9,576
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
1,906
Density / Sq Mi
$65,715
Median Household Income
$38,602
Median Earnings
$1,425
Median Rent
$254,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Four-parcel corner site near South Cobb High School with mixed C3 and C4 zoning for retail development.
Where is this strip mall located?
The property is located at 4967 Austell Road Austell, GA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Four‑parcel corner site at Austell Road and Clay Road in Austell; Approximately 5.288 acres total; Mixed C3 and C4 zoning (C3/C4 zoning across the parcels)
