Hiram Square Strip
5159 Jimmy Lee Smith Parkway, Hiram, GA 30141
For Sale
Contact for pricing
The property is situated on Jimmy Lee Smith Parkway in Hiram, Georgia.
Property Size28,414 SF
Price / SF$296.51
Days on Market13
Property Features for 5159 Jimmy Lee Smith Parkway
General Information
Standard status
Size
Property subtype
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Zachary Taylor · License #GA 266327
(678) 808-2780
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
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 Marcus & Millichap - Atlanta
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Hiram Square is a strip mall comprising 28,414 square feet of retail space. The property is located at 5159 Jimmy Lee Smith Parkway in Hiram, Georgia 30141.
Key Highlights
- 28,414 SF of retail space
- Located at 5159 Jimmy Lee Smith Parkway, Hiram, GA 30141
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$399,654
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,993,080
$8.0M
Cap Rate 7%
$5,709,343
$5.7M
Cap Rate 9%
$4,440,600
$4.4M
Market Conditions
NOI Build-Up for 28,414 SF
Gross rent
$624.0K $21.96/SF
− Vacancy
−$53.0K −$1.87/SF
EGI
$570.9K $20.09/SF
− OpEx
−$171.3K −$6.03/SF
NOI
$399.7K $14.07/SF
Area
Paulding 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 Rate 5%
$7,993,080
Cap Rate 7%
$5,709,343
Cap Rate 9%
$4,440,600
Alternative Uses
Best Use
Retail
$5.71M
$5.00M – $6.66M
NOI $399,654 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.94M
$6.95M – $9.27M
NOI $555,996 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
820k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 24%
Shops & Services 23%
Dining 19%
Superstores 14%
Target
Superstores
115,227 visits/mo
0.4 miles
Chick-fil-A
Dining
61,685 visits/mo
0.1 miles
Kohl's
Apparel
55,955 visits/mo
0.3 miles
Five Below
Shops & Services
48,202 visits/mo
0.5 miles
Marshalls
Apparel
47,161 visits/mo
0.4 miles
Demographics for 30141, GA
23,616
Population
9,151
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
27.6 sq mi
ZIP Area
856
Density / Sq Mi
$84,724
Median Household Income
$47,704
Median Earnings
$1,706
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - The property is situated on Jimmy Lee Smith Parkway in Hiram, Georgia.
Where is this strip mall located?
The property is located at 5159 Jimmy Lee Smith Parkway Hiram, GA.
What is the asking price?
The asking price for this property is $8,425,000.
What are key features of this property?
This property features: 28,414 SF of retail space; Located at 5159 Jimmy Lee Smith Parkway, Hiram, GA 30141
