C2 Storefront
For Sale
$349,900
5310 Wrightsboro Road, Grovetown, GA 30813
Commercial Sale, Grovetown, GA
Property Size1,192 SF
Lot Size0.41 Acres
Price / SF$293.54
Days on Market609
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 19
Last Checked: Sep 25 at 5:06AM
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 1,192-square-foot storefront property sits on a 0.41-acre lot and offers an open interior layout. Built in 1967, the building is positioned for renovation and can accommodate retail, office, restaurant, or service-oriented business uses described for the property. C2 zoning supports its commercial positioning.
The property is located at 5310 Wrightsboro Road in Grovetown, Georgia, along a main road identified for high visibility and vehicle traffic. Public water and public sewer serve the site, and phone service is available.
The property is located at 5310 Wrightsboro Road in Grovetown, Georgia, along a main road identified for high visibility and vehicle traffic. Public water and public sewer serve the site, and phone service is available.
Key Highlights
- 1,192 square feet of commercial building area
- 0.41‑acre lot
- C2 zoning
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
$13,279
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
3.80%
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%
$265,580
$265.6K
Cap Rate 7%
$189,700
$189.7K
Cap Rate 9%
$147,544
$147.5K
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
$19.7K $16.56/SF
− Vacancy
−$770 −$0.65/SF
EGI
$19.0K $15.91/SF
− OpEx
−$5.7K −$4.77/SF
NOI
$13.3K $11.14/SF
Area
Columbia County, GA
Vacancy
3.90%
Lease Rate
$16.56 /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%
$265,580
Cap Rate 7%
$189,700
Cap Rate 9%
$147,544
Alternative Uses
Best Use
Retail
$189.7K
$166.0K – $221.3K
NOI $13,279 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-layout commercial space with public water, public sewer, and phone service available.
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 feet of commercial building area; 0.41‑acre lot; C2 zoning
