Retail Building with Dedicated
501 Northridge Drive, Rincon, GA 31326
For Sale
Contact for pricing
Commercial building with dedicated on-site parking and an interior layout that can be adapted for multiple tenant areas.
Property Size7,600 SF
Lot Size1.03 Acres
Price / SF$157.89
Days on Market96
Property Features for 501 Northridge Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Traffic Count
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Blokk Commercial Real Estate
Listed By:
Jordan Kim · License GA #365179
(912) 667-5887
Source:
Crexi
Added: Aug 7
Changed: Nov 2
Last Checked: Nov 8 at 7:13AM
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 Blokk Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,600-square-foot retail building occupies approximately 1.03 acres and includes 34 dedicated parking spaces. Built in 1997, the property has a layout that can support a single commercial occupant or be reconfigured into multiple tenant areas. B-2 zoning is in place.
The property fronts the Hwy 21 commercial corridor, which carries approximately 37,700 VPD. Nearby retail anchors include Kroger, Walmart, and Lowe’s, while The Shoppes of Northridge is located across from the site. That facility encompasses approximately 43,000 square feet and is anticipated to add retail and restaurant offerings.
The property fronts the Hwy 21 commercial corridor, which carries approximately 37,700 VPD. Nearby retail anchors include Kroger, Walmart, and Lowe’s, while The Shoppes of Northridge is located across from the site. That facility encompasses approximately 43,000 square feet and is anticipated to add retail and restaurant offerings.
Key Highlights
- 7,600 SF retail building on ±1.03 acres
- 34 dedicated parking spaces
- B‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,273
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,460
$1.7M
Cap Rate 7%
$1,232,471
$1.2M
Cap Rate 9%
$958,589
$958.6K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$132.2K $17.40/SF
− Vacancy
−$9.0K −$1.18/SF
EGI
$123.2K $16.22/SF
− OpEx
−$37.0K −$4.87/SF
NOI
$86.3K $11.35/SF
Area
Effingham County, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,460
Cap Rate 7%
$1,232,471
Cap Rate 9%
$958,589
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,273 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,640 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
37,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 31326, GA
22,449
Population
9,465
Households
2.4
Avg Household Size
37
Median Age
29%
College-Educated
94%
High-School Grad
68.6 sq mi
ZIP Area
327
Density / Sq Mi
$82,196
Median Household Income
$47,234
Median Earnings
$1,141
Median Rent
$244,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial building with dedicated on-site parking and an interior layout that can be adapted for multiple tenant areas.
Where is this retail space located?
The property is located at 501 Northridge Drive Rincon, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,600 SF retail building on ±1.03 acres; 34 dedicated parking spaces; B‑2 zoning
