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 Market21
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
(770) 777-1321
Listed By:
Sharon Fowler
Source:
Eternorealtygroup
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 25 at 4:29AM
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 = 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
$32,696
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
3.96%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kimsmth — 320 Highland Terrace, Gainesville, GA 30501
- U-Haul Neighborhood Dealer — 415 Atlanta Hwy, Gainesville, GA 30501
- U-Haul Neighborhood Dealer — 1785 Browns Bridge Rd, Gainesville, GA 30501
- U-Haul Neighborhood Dealer — 210 Atlanta Hwy #2, Gainesville, GA 30501
- U-Haul Neighborhood Dealer — 250 John W Morrow Jr Pkwy #121, Gainesville, GA 30501
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
