C2 Storefront
For Sale
$349,900
5310 Wrightsboro Road, Grovetown, GA 30813
COMMERCIAL - Grovetown, GA
Property Size1,192 SF
Lot Size0.41 Acres
Price / SF$293.54
Days on Market564
Property Features for 5310 Wrightsboro Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
Ralphs Newman
Lot features
Level
Directions
Lewiston Road, Right onto Wrightsboro, on the left.
Standard status
Active
APN
G05007
Size
1,192 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1967
Listing Agency:
Blanchard & Calhoun - Evans
(706) 868-1000
Listed By:
Joshua Hollimon · License #369029
(706) 401-9315
Added: Jan 24, 2025
Changed: Aug 4
Last Checked: Aug 11 at 12:06AM
MLS# 98227040
Copyright © 2026 Hive MLS. 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 C2-zoned storefront property contains a 1,192-square-foot commercial building on a 0.41-acre lot. Constructed in 1967, the building features an open interior that can be renovated for retail, office, restaurant, or service-oriented operations. The property is offered in its existing condition, providing a straightforward base for a redesigned commercial space.
Located at 5310 Wrightsboro Road in Grovetown, the site benefits from its position along a main road. Public water and public sewer serve the property, and phone service is available. The parcel combines an existing commercial structure with additional land area for site planning and future improvements.
Located at 5310 Wrightsboro Road in Grovetown, the site benefits from its position along a main road. Public water and public sewer serve the property, and phone service is available. The parcel combines an existing commercial structure with additional land area for site planning and future improvements.
Key Highlights
- 1,192‑square‑foot commercial building on a 0.41‑acre lot
- C2 zoning supports the property’s commercial classification
- Open interior suited to renovation and reconfiguration
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
Retail
$189.7K
$166.0K – $221.3K
NOI $13,279 @ 7.0% cap · market cap 3.80%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Under-served
Demand for This Use
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?
Storefront property - Existing commercial building with an open interior, public utilities, and flexibility for retail, office, or service-oriented use.
Where is this storefront property located?
The property is located at 5310 Wrightsboro Road 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: 1,192‑square‑foot commercial building on a 0.41‑acre lot; C2 zoning supports the property’s commercial classification; Open interior suited to renovation and reconfiguration
