Freestanding Automotive
For Sale
$825,000
577 /583 Shallowford Rd NW, Gainesville, GA 30504
Highway Business zoning supports retail, office, and service-based commercial uses in a freestanding building.
Property Size2,836 SF
Price / SF$290.90
Days on Market67
Property Features for 577 /583 Shallowford Rd NW
General Information
Standard status
Active
Size
2,836 SF
Building Details
Year Built
1970
Listing Agency:
Virtual Properties Realty.Net
Listed By:
Sharon Fowler
(770) 777-1321
Source:
Annakintown
Added: Aug 9
Changed: Oct 6
Last Checked: Oct 7 at 5:12PM
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 Virtual Properties Realty.Net
Investment Insights
Based on property information with market context.
This freestanding 2,836-square-foot commercial building is currently operating as a car dealership on a 5,663-square-foot lot. The property was built in 1970 and is designated Highway Business (HB), with source-supported use potential that includes retail, office, and service-based businesses. An on-site billboard provides an additional income source.
The property is located at 577/583 Shallowford Rd NW in Gainesville, Georgia, near national retailers and restaurants. Its position along Shallowford Road provides access to a commercial corridor with steady traffic flow and visibility. The existing automotive operation, flexible HB zoning, and billboard component create a property profile suited to a range of commercial users.
The property is located at 577/583 Shallowford Rd NW in Gainesville, Georgia, near national retailers and restaurants. Its position along Shallowford Road provides access to a commercial corridor with steady traffic flow and visibility. The existing automotive operation, flexible HB zoning, and billboard component create a property profile suited to a range of commercial users.
Key Highlights
- 2,836 SF freestanding building on a 5,663 SF lot
- Currently operating as a car dealership
- Highway Business (HB) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,696
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,920
$653.9K
Cap Rate 7%
$467,086
$467.1K
Cap Rate 9%
$363,289
$363.3K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$51.0K $18.00/SF
− Vacancy
−$4.3K −$1.53/SF
EGI
$46.7K $16.47/SF
− OpEx
−$14.0K −$4.94/SF
NOI
$32.7K $11.53/SF
Area
Hall County, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,920
Cap Rate 7%
$467,086
Cap Rate 9%
$363,289
Alternative Uses
Best Use
Retail
$467.1K
$408.7K – $544.9K
NOI $32,696 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$794.2K
$695.0K – $926.6K
NOI $55,596 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30504, GA
27,403
Population
10,162
Households
2.7
Avg Household Size
34
Median Age
23%
College-Educated
70%
High-School Grad
18.1 sq mi
ZIP Area
1,514
Density / Sq Mi
$71,833
Median Household Income
$34,972
Median Earnings
$1,266
Median Rent
$294,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Highway Business zoning supports retail, office, and service-based commercial uses in a freestanding building.
Where is this automotive property located?
The property is located at 577 /583 Shallowford Rd NW Gainesville, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,836 SF freestanding building on a 5,663 SF lot; Currently operating as a car dealership; Highway Business (HB) zoning
