Salon Suite Retail
For Sale
$895,000
5610 Old National Hwy, College Park, GA 30349
Single-story commercial building with 11 salon suite units and an additional office space on a high-visibility highway corridor.
Property Size4,017 SF
Lot Size0.78 Acres
Price / SF$222.80
Days on Market49
Property Features for 5610 Old National Hwy
General Information
Standard status
Active
Size
4,017 SF
Lot size
0.78 Acres
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1980
Stories
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty First Atlanta
Listed By:
Angie Ponsell · License #238030
(404) 531-5700
Source:
Harmonandharmon
Added: Jul 20
Changed: Aug 16
Last Checked: Sep 5 at 10:15AM
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 Keller Williams Realty First Atlanta
Investment Insights
Based on property information with market context.
5610 Old National Hwy is a single-story commercial building on a 0.78-acre lot, originally constructed in 1980. The property is currently operating as salon suites and is configured with 11 individual units plus one additional office space that can be converted into a suite. A double suite (#9 & #10) is located on the right side of the staff area, creating expanded usable space and additional leasing flexibility.
The building offers strong frontage and visibility along Old National Highway, with ample on-site parking for tenant and customer accessibility. The property is situated in an established commercial corridor serving College Park, South Fulton, and the greater Atlanta area.
Leases and operating businesses are in place, and the sale is described as turnkey with active salon suite tenants. The multi-suite setup is intended to provide diversified income across multiple tenants while maintaining a functional layout suitable for continued salon suite use or potential repositioning for professional office, medical, service, or creative workspace use.
The building offers strong frontage and visibility along Old National Highway, with ample on-site parking for tenant and customer accessibility. The property is situated in an established commercial corridor serving College Park, South Fulton, and the greater Atlanta area.
Leases and operating businesses are in place, and the sale is described as turnkey with active salon suite tenants. The multi-suite setup is intended to provide diversified income across multiple tenants while maintaining a functional layout suitable for continued salon suite use or potential repositioning for professional office, medical, service, or creative workspace use.
Key Highlights
- Single‑story commercial building built in 1980 totaling approx. 4,017 SF
- Configured with 11 salon suite units plus 1 additional office space that can be converted into a suite
- Double suite (#9 & #10) on the right side of the staff area adds expanded usable space
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
$46,818
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
5.23%
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%
$936,360
$936.4K
Cap Rate 7%
$668,829
$668.8K
Cap Rate 9%
$520,200
$520.2K
Market Conditions
NOI Build-Up for 4,017 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
$72.3K $18.00/SF
− Vacancy
−$5.4K −$1.35/SF
EGI
$66.9K $16.65/SF
− OpEx
−$20.1K −$5.00/SF
NOI
$46.8K $11.66/SF
Area
ZIP 30349
Vacancy
7.50%
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%
$936,360
Cap Rate 7%
$668,829
Cap Rate 9%
$520,200
Alternative Uses
Best Use
Retail
$668.8K
$585.2K – $780.3K
NOI $46,818 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$987.0K – $1.32M
NOI $78,958 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 30349, GA
81,320
Population
34,176
Households
2.4
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
45.9 sq mi
ZIP Area
1,772
Density / Sq Mi
$64,732
Median Household Income
$39,195
Median Earnings
$1,323
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-story commercial building with 11 salon suite units and an additional office space on a high-visibility highway corridor.
Where is this retail space located?
The property is located at 5610 Old National Hwy College Park, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Single‑story commercial building built in 1980 totaling approx. 4,017 SF; Configured with 11 salon suite units plus 1 additional office space that can be converted into a suite; Double suite (#9 & #10) on the right side of the staff area adds expanded usable space
