High-Traffic Commercial Space for
For Sale
$349,900
5310 Wrightsboro Rd, Grovetown, GA 30813
1,192 sq ft commercial space suitable for retail/office/restaurant.
Property Size1,192 SF
Lot Size0.41 Acres
Price / SF$293.54
Days on Market195
Property Features for 5310 Wrightsboro Rd
General Information
Standard status
Active
Size
1,192 SF
Lot size
0.41 Acres
Listing Agency:
Blanchard & Calhoun - Evans
(706) 401-9315
Listed By:
Joshua Hollimon · License #369029
(706) 401-9315
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 21 at 8:56AM
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 Blanchard & Calhoun - Evans
Investment Insights
Based on property information with market context.
Located on a bustling main road, this 1,192 sq. ft. commercial space offers potential for a wide range of businesses. The property benefits from high visibility and vehicle traffic in a sought-after area of Columbia County. The building is suitable for retail, office space, or a restaurant and is ready to be transformed to suit specific needs. The open layout provides a flexible foundation for renovations, allowing for customized design. The property features a large lot and high visibility on a major thoroughfare, making it suitable for retail, office, or service-oriented businesses.
Key Highlights
- Prime location with high vehicle traffic volume.
- High visibility on a major thoroughfare.
- 1,192 sq. ft. commercial space.
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
$18,238
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
5.21%
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%
$364,760
$364.8K
Cap Rate 7%
$260,543
$260.5K
Cap Rate 9%
$202,644
$202.6K
Market Conditions
NOI Build-Up for 1,192 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
$28.6K $24.00/SF
− Vacancy
−$4.3K −$3.60/SF
EGI
$24.3K $20.40/SF
− OpEx
−$6.1K −$5.10/SF
NOI
$18.2K $15.30/SF
Area
Columbia County, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$364,760
Cap Rate 7%
$260,543
Cap Rate 9%
$202,644
Alternative Uses
Best Use
Office B
$260.5K
$228.0K – $304.0K
NOI $18,238 @ 7.0% cap · market cap 5.21%
Second Best
Specialty Retail
$200.1K
$175.1K – $233.4K
NOI $14,005 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$376.2K
$329.2K – $439.0K
NOI $26,337 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 30813, GA
49,376
Population
18,626
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
50.4 sq mi
ZIP Area
980
Density / Sq Mi
$83,890
Median Household Income
$49,871
Median Earnings
$1,404
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 1,192 sq ft commercial space suitable for retail/office/restaurant.
Where is this retail space located?
The property is located at 5310 Wrightsboro Rd Grovetown, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Prime location with high vehicle traffic volume.; High visibility on a major thoroughfare.; 1,192 sq. ft. commercial space.
