Highway Frontage Commercial
For Sale
Contact for pricing
5531 MACON HWY, Bishop, GA 30621
Commercial property with highway frontage, showroom, and storage.
Property Size2,100 SF
Price / SF$376.19
Days on Market101
Property Features for 5531 MACON HWY
General Information
Standard status
Active
Size
2,100 SF
Class
D
Property subtype
Retail, Industrial, Land
Zoning
B-2
Investment Type
Redevelopment
Building Details
Year Built
2015
Buildings
2
Stories
1
Units
1
Listing Agency:
Coldwell Banker Commercial Upchurch Realty
Listed By:
Katie Reeves · License #GA
Source:
Crexi
Added: May 22
Changed: Aug 25
Last Checked: Aug 28 at 10:46PM
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 Coldwell Banker Commercial Upchurch Realty
Investment Insights
Based on property information with market context.
Located on Highway 441 between Watkinsville and Bishop, this commercial property features approximately 330 feet of road frontage with a traffic count of approximately 14,700 cars per day. The property includes two driveway access points. The main building offers a large, open-span area of 2,100 square feet, with a showroom area of approximately 1,975 square feet. An offset area to the rear contains a restroom and a storage closet, totaling approximately 125 square feet. Additionally, there is a poured pad of approximately 1,172 square feet with a poured ramp planned for future expansion. The property also includes a 531-square-foot covered storage area and a 206-square-foot shed attachment. Behind the main building is a secondary block building of 1,170 square feet.
Key Highlights
- High traffic location: Approximately 330 feet of road frontage on Highway 441 with approximately 14,700 cars per day.
- Large, open main building: 2,100 SF with a +/- 1975 SF showroom area.
- Secondary block building: Additional 1170 SF building located behind the main structure.
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
$23,735
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
3.00%
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%
$474,700
$474.7K
Cap Rate 7%
$339,071
$339.1K
Cap Rate 9%
$263,722
$263.7K
Market Conditions
NOI Build-Up for 2,100 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
$37.8K $18.00/SF
− Vacancy
−$3.9K −$1.85/SF
EGI
$33.9K $16.15/SF
− OpEx
−$10.2K −$4.84/SF
NOI
$23.7K $11.30/SF
Area
Oconee County, GA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$474,700
Cap Rate 7%
$339,071
Cap Rate 9%
$263,722
Alternative Uses
Best Use
Retail
$339.1K
$296.7K – $395.6K
NOI $23,735 @ 7.0% cap · market cap 3.00%
Second Best
Warehouse
$220.2K
$192.7K – $256.9K
NOI $15,416 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office A
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30621, GA
6,352
Population
2,226
Households
2.9
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
45.4 sq mi
ZIP Area
140
Density / Sq Mi
$119,167
Median Household Income
$55,888
Median Earnings
$1,128
Median Rent
$420,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Commercial property with highway frontage, showroom, and storage.
Where is this showroom located?
The property is located at 5531 MACON HWY Bishop, GA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: High traffic location: Approximately 330 feet of road frontage on Highway 441 with approximately 14,700 cars per day.; Large, open main building: **2,100 SF with a +/- 1975 SF showroom area.**; Secondary block building: Additional 1170 SF building located behind the main structure.
