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    College Park Commercial Investment Opportunity Title is generated by Realmo AI

    5610 Old National Highway, College Park, GA 30349

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    Claim this Listing
    For Sale
    $1,025,000

    COMMERCIAL - College Park, GA

    Property size:
    4,017 SF
    Lot size:
    0.78 Acres
    Price / SF:
    $255/SF
    Added:
    Jan 27, 2026
    Days on Market:
    110
    Last Refresh:
    May 17 at 4:06 pm

    Property Features for 5610 Old National Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    13 0093 LL1133
    Size
    4,017 SF
    Lot size
    0.78 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    4642

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Frame

    We can help!

    Listing Contact
    Angie W Ponsell
    Angie W Ponsell

    Listing agent Angie W Ponsell License #248030,GA

    Listing office Keller Williams Realty First Atlanta 200 Glenridge Point Pkwy S-100, Atlanta, GA

    Listing date Jan 27, 2026

    MLS# 10762378

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stabilized, income‑producing property with active tenants in place, offering immediate cash flow.
    • Turnkey investment opportunity with all existing salon suite leases and operating businesses conveying with the sale.
    • Located on 0.78 acres with strong frontage and high visibility along Old National Highway.
    • Configured with 11 individual units plus one additional office space convertible into a suite, and a double suite, maximizing income potential and leasing flexibility.
    • Potential for repositioning for professional office, medical, service, or creative workspace use.
    • Ample on‑site parking and strategic location in a high‑demand commercial corridor with strong regional connectivity.

    Overview

    Located in College Park, Georgia, at 5610 Old National Hwy, this commercial property presents a stabilized investment opportunity. The single-story building, constructed in 1980, totals approximately 4,017 square feet and is situated on a 0.78-acre lot with frontage and visibility along Old National Highway. Currently operating as salon suites, the property is income-producing with active tenants. The building is configured with 11 individual units plus one additional office space that can be converted into a suite. There is a double suite (#9 & #10) located on the right side of the staff area. All existing salon suite leases and operating businesses convey with the sale. The established suite model provides diversified income across multiple tenants. The functional layout supports continued salon suite operations or could be repositioned for professional office, medical, service, or creative workspace use. Ample on-site parking and high visibility enhance tenant retention and customer accessibility. The property benefits from strong regional connectivity and surrounding retail and service activity within a mature commercial corridor serving College Park, South Fulton, and the greater Atlanta area.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $650.4K
    NOI $58,539 @ 9.00% cap · cautious / downside scenario
    Moderate
    $836.3K
    NOI $58,539 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.17M
    NOI $58,539 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $106.0k $26.40
    − Vacancy −$8.5k −$2.11
    EGI $97.6k $24.29
    − OpEx −$39.0k −$9.72
    NOI $58.5k $14.57
    4,017 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $836.3K
    $731.7K – $975.7K (±1% cap)
    NOI $58,539 @ 7.0% cap · market cap 5.71%
    Second Best
    Office B
    $768.8K
    $672.7K – $896.9K (±1% cap)
    NOI $53,814 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Office A
    $1.13M
    $987.0K – $1.32M (±1% cap)
    NOI $78,958 @ 7.0% cap · market cap 7.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Fulton
    State
    Georgia
    Longitude
    -84.470452
    Latitude
    33.60175

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    FAQs

    What type of property is this?
    Retail space - Income-producing commercial building in College Park, Georgia, for sale.
    Where is this retail space located?
    The property is located at 5610 Old National Highway College Park, GA.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: Stabilized, income‑producing property with active tenants in place, offering immediate cash flow.; Turnkey investment opportunity with all existing salon suite leases and operating businesses conveying with the sale.; Located on 0.78 acres with strong frontage and high visibility along Old National Highway.
    (404) 226-2002
    We can help!
    Listing Contact
    Angie W Ponsell
    Angie W Ponsell
    Real Estate License ID: 248030,GA
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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