Multi-Building Strip Mall
For Sale
$1,350,000
Pending
560 Windy Hill Road SE, Smyrna, GA 30080
Smyrna, GA
Property Size6,017 SF
Lot Size0.58 Acres
Days on Market298
Property Features for 560 Windy Hill Road SE
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
Size
6,017 SF
Lot size
0.58 Acres
Building Details
Year built
1968
Listing Agency:
Northwest Office · Berkshire Hathaway HomeServices
(770) 421-8600
Listed By:
Willie F. Smith, MRED · License #405521
(404) 941-0288
Added: Nov 19, 2025
Changed: Sep 12
Last Checked: Sep 13 at 3:06PM
MLS# 10654049
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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 retail portfolio combines two commercial buildings totaling 6,017 square feet on 0.58 acres. The larger 4,577-square-foot strip center contains six tenant spaces, while the separate 1,440-square-foot building provides freestanding retail space. The property currently reports 86% occupancy and includes 32 parking spaces along with additional parking at the rear.
Located at 560 Windy Hill Road SE in Smyrna, the site has 435 feet of road frontage and recorded traffic of 40,800 ADT according to GDOT 2025. The property is zoned CG (Commercial General) and carries a Mixed Use (MU) future land-use designation. Its Windy Hill Road setting provides access to I-75, I-285, The Battery, and South Cobb Drive.
Located at 560 Windy Hill Road SE in Smyrna, the site has 435 feet of road frontage and recorded traffic of 40,800 ADT according to GDOT 2025. The property is zoned CG (Commercial General) and carries a Mixed Use (MU) future land-use designation. Its Windy Hill Road setting provides access to I-75, I-285, The Battery, and South Cobb Drive.
Key Highlights
- 6,017 SF retail portfolio on 0.58 acres
- 4,577 SF strip center with 6 tenant spaces
- Separate 1,440 SF freestanding retail building
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
$84,631
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
6.27%
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%
$1,692,620
$1.7M
Cap Rate 7%
$1,209,014
$1.2M
Cap Rate 9%
$940,344
$940.3K
Market Conditions
NOI Build-Up for 6,017 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
$132.1K $21.96/SF
− Vacancy
−$11.2K −$1.87/SF
EGI
$120.9K $20.09/SF
− OpEx
−$36.3K −$6.03/SF
NOI
$84.6K $14.07/SF
Area
Cobb 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%
$1,692,620
Cap Rate 7%
$1,209,014
Cap Rate 9%
$940,344
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,631 @ 7.0% cap · market cap 6.27%
Second Best
Mixed Use
$1.13M
$992.8K – $1.32M
NOI $79,424 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,270 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
40,800 VPD
Traffic count
86%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 30%
Electronics 1%
Dollar Tree
Shops & Services
23,034 visits/mo
0.3 miles
Bank of America
Shops & Services
11,719 visits/mo
0.1 miles
Wendy's
Dining
10,663 visits/mo
0.2 miles
Waffle House
Dining
8,409 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,271 visits/mo
0.3 miles
Demographics for 30080, GA
52,125
Population
27,081
Households
1.9
Avg Household Size
35
Median Age
58%
College-Educated
94%
High-School Grad
12.6 sq mi
ZIP Area
4,137
Density / Sq Mi
$87,949
Median Household Income
$59,267
Median Earnings
$1,660
Median Rent
$409,700
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
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Frequently Asked Questions
What type of property is this?
Strip mall - Two commercial buildings provide six tenant spaces, rear parking, and CG zoning within a mixed-use future land-use area.
Where is this strip mall located?
The property is located at 560 Windy Hill Road SE Smyrna, GA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,017 SF retail portfolio on 0.58 acres; 4,577 SF strip center with 6 tenant spaces; Separate 1,440 SF freestanding retail building
