Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Open Retail Space with Subdivision Potential Title is generated by Realmo AI

    510 W Hill St, Thomson, GA 30824

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Open-plan retail space well-suited for fitness and other large users, with ample parking and potential subdivision.

    Type:Retail
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:54 am

    Property Features for 510 W Hill St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 510 W Hill St Contact us

    We can help!

    Listing Contact
    Charlie Davis
    Charlie Davis

    Listing agent Charlie Davis License #432526

    Listing office Jordan Trotter Commercial Real Estate

    Listing date Jun 2, 2026

    Source Jordantrotter

    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 Jordan Trotter Commercial Real Estate

    HighLights

    • Open‑plan retail space suited for fitness tenants and other large retail users needing open space
    • Potential to subdivide the space; owner may be flexible regarding size
    • Ample parking available for customers and tenants
    • Traffic count of 11,000 vehicles per day on W Hill St at this location

    Overview

    This open retail space is designed for flexibility, with an uninterrupted layout that works well for fitness tenants and other large retail users who need room to operate. The owner is open to accommodating different space requirements, including the possibility of subdividing the area to support multiple setups or smaller footprints.

    The property is located on W Hill St in Thomson, GA, where it benefits from reported visibility and demand generated by approximately 11,000 vehicles per day. Ample parking is available, supporting convenient customer access for retail operations.

    From a tenant fit perspective, the property’s open configuration can support a range of fitness concepts, showroom-style retail, or other uses that value adaptable interior space. For larger operators, the current footprint can function as a single site, while the owner’s flexibility on size and potential subdivision can make it a practical option for businesses seeking a tailored arrangement as needs evolve.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thomson
    County
    McDuffie
    State
    Georgia
    Longitude
    -82.491953
    Latitude
    33.462965

    Nearby Similar for Lease

    • $3,000/Mo
      13,118 SF

      Thomson Commercial Space Available

      Commercial space featuring warehouse and office areas in Thomson, GA.
      101 Church Street, Thomson, GA 30824
      View Details
    • $2,500/Mo
      4,080 SF

      Thomson, GA Warehouse For Lease

      4,080 sqft warehouse available for lease in Thomson, GA.
      1051 Warrenton Highway, Thomson, GA 30824
      View Details
    • $12 SF/Yr

      Retail Building with Monument Sign

      A highly visible retail building with an open layout and rear storage, well-suited for shopping or fitness-oriented uses.
      1729 Washington Rd, Thomson, GA 30824
      View Details
    • Contact for pricing
      27,104 SF

      Retail Building with Expansion Space

      Large retail building offers expansion space with its own access for a Family Y fitness facility.
      521 W. Hill Street, Thomson, GA 30824
      View Details
    • $18 SF/Yr
      2,030 SF

      Medical Office Space Available

      2,030 SF medical office with seven patient rooms.
      540 W Hill St, Thomson, GA
      View Details
    • $10 SF/Yr
      6,335 SF

      Turnkey Medical Office in Thomson

      Ready-to-operate medical office with modern finishes and ample parking.
      505 Mt Pleasant Rd, Thomson, GA
      View Details
    • $30 SF/Yr
      1,647 SF

      Retail Spaces Available For Rent

      Two retail spaces available, 1,647 & 1,779 SF, vanilla shell.
      1767 Washington Rd, Thomson, GA
      View Details
    • $9 SF/Yr
      2,000 SF

      Thomson Office/Retail Space For Rent

      2000 SF office/retail space in central Thomson, GA.
      318 Hospital Dr, Thomson, GA
      View Details
    • Contact for pricing
      2,040 SF

      Retail Space in Thomson, GA

      Retail space available in Walmart shadow center in Thomson, GA.
      2219-2237 Harrison Rd SE, Thomson, GA
      View Details

    FAQs

    What type of property is this?
    Retail space - Open-plan retail space well-suited for fitness and other large users, with ample parking and potential subdivision.
    Where is this retail space located?
    The property is located at 510 W Hill St Thomson, GA.
    What are key features of this property?
    This property features: Open‑plan retail space suited for fitness tenants and other large retail users needing open space; Potential to subdivide the space; owner may be flexible regarding size; Ample parking available for customers and tenants
    (706) 993-0514
    We can help!
    Listing Contact
    Charlie Davis
    Charlie Davis
    Real Estate License ID: 432526
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    510 W Hill St, Thomson, GA 30824
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!