Retail Strip Center with Available
For Sale
$1,899,999
5248 N Henry Boulevard, Stockbridge, GA 30281
Commercial Sale, Stockbridge, GA
Property Size10,000 SF
Lot Size1.62 Acres
Price / SF$189
Days on Market123
Property Features for 5248 N Henry Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot
Lot features
Level
Directions
See Google Maps.
Standard status
Active
APN
S0701006003
Size
10,000 SF
Lot size
1.62 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
24365
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2003
Building materials
Stucco
Listing Agency:
AC & Associates Real Estate Group
(404) 281-3818
Listed By:
Angela Cooper · License #250014
(404) 281-3818
Added: Apr 20
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 10736959
Copyright © 2026 Georgia Multiple Listing Service. 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 10,000-square-foot retail strip center occupies 1.62 acres at 5248 N Henry Boulevard in Stockbridge, Georgia. Built in 2003, the property has stucco construction, a parking lot, natural gas heat, electric cooling, cable availability, public water, and public sewer. One space remains available within the center, providing flexibility for an owner-user or additional retail occupancy.
The property is positioned along North Henry Boulevard in Stockbridge, with the site benefiting from frontage on an established commercial corridor. The offering includes projected cap rates of 8.4% under self-management and 7.4% with professional management at 100% occupancy. The combination of an existing retail configuration, available space, and public utility service supports a range of retail occupancy and ownership strategies.
The property is positioned along North Henry Boulevard in Stockbridge, with the site benefiting from frontage on an established commercial corridor. The offering includes projected cap rates of 8.4% under self-management and 7.4% with professional management at 100% occupancy. The combination of an existing retail configuration, available space, and public utility service supports a range of retail occupancy and ownership strategies.
Key Highlights
- 10,000 SF retail strip center on 1.62 acres
- One space remains available for occupancy
- Projected 8.4% cap rate with self‑management
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
$140,654
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
7.40%
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%
$2,813,080
$2.8M
Cap Rate 7%
$2,009,343
$2.0M
Cap Rate 9%
$1,562,822
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$219.6K $21.96/SF
− Vacancy
−$18.7K −$1.87/SF
EGI
$200.9K $20.09/SF
− OpEx
−$60.3K −$6.03/SF
NOI
$140.7K $14.07/SF
Area
Henry 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%
$2,813,080
Cap Rate 7%
$2,009,343
Cap Rate 9%
$1,562,822
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,654 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,677 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
95k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 19%
Dining 14%
QuikTrip
Shops & Services
36,434 visits/mo
0.1 miles
Aldi
Groceries
18,225 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,611 visits/mo
0.3 miles
Wells Fargo
Shops & Services
6,941 visits/mo
0.5 miles
Corner Store
Shops & Services
6,334 visits/mo
0.4 miles
Demographics for 30281, GA
69,540
Population
29,546
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
69.3 sq mi
ZIP Area
1,003
Density / Sq Mi
$70,587
Median Household Income
$43,672
Median Earnings
$1,427
Median Rent
$235,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Cobblestone Square Shopping Center — N Henry Blvd, Stockbridge, GA 30281
Frequently Asked Questions
What type of property is this?
Shopping center - Stucco retail center with parking, public utilities, and one remaining space for an owner-user or tenant.
Where is this shopping center located?
The property is located at 5248 N Henry Boulevard Stockbridge, GA.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: 10,000 SF retail strip center on 1.62 acres; One space remains available for occupancy; Projected 8.4% cap rate with self‑management
