Six-Tenant Retail
For Sale
Contact for pricing
Pending
5823 Fairburn Rd, Douglasville, GA 30134
Retail center with multiple long-term occupants and recent lease extensions.
Property Size12,600 SF
Days on Market228
Property Features for 5823 Fairburn Rd
General Information
Standard status
Pending
Size
12,600 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$183,345
Building Details
Year Built
1984
Units
6
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Brian Lane · License #GA 242513
Source:
Crexi
Added: Jan 15
Changed: Aug 30
Last Checked: Aug 30 at 4:00PM
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 Northmarq
Investment Insights
Based on property information with market context.
Douglasville Commons is a 12,600-square-foot retail center completed in 1984 and configured for six tenant spaces. The occupant roster includes Subway, La Montana Mini Market, A & Y Metals, Fedele Amicos Pizzeria, Gisele African Hair Braiding, and Louis Barber & Beauty Studio. Tenant histories include nearly 40 years for Subway, more than 21 years for La Montana Mini Market, and more than 15 years for A & Y Metals.
Fedele Amicos Pizzeria and La Montana Mini Market have each executed 5-year lease extensions. Louis Barber & Beauty Studio is negotiating a 5-year extension, while Gisele African Hair Braiding has less than a year remaining on its lease and no remaining options. Annual rent increases average approximately 3% across the tenancy. The property is located at 5823 Fairburn Rd, Douglasville, Georgia 30134.
Fedele Amicos Pizzeria and La Montana Mini Market have each executed 5-year lease extensions. Louis Barber & Beauty Studio is negotiating a 5-year extension, while Gisele African Hair Braiding has less than a year remaining on its lease and no remaining options. Annual rent increases average approximately 3% across the tenancy. The property is located at 5823 Fairburn Rd, Douglasville, Georgia 30134.
Key Highlights
- 12,600‑square‑foot retail center with six tenant spaces
- Built in 1984 at 5823 Fairburn Rd, Douglasville, Georgia 30134
- Subway has occupied the property for nearly 40 years
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
$177,224
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
7.01%
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%
$3,544,480
$3.5M
Cap Rate 7%
$2,531,771
$2.5M
Cap Rate 9%
$1,969,156
$2.0M
Market Conditions
NOI Build-Up for 12,600 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
$276.7K $21.96/SF
− Vacancy
−$23.5K −$1.87/SF
EGI
$253.2K $20.09/SF
− OpEx
−$76.0K −$6.03/SF
NOI
$177.2K $14.07/SF
Area
Douglas 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%
$3,544,480
Cap Rate 7%
$2,531,771
Cap Rate 9%
$1,969,156
Alternative Uses
Best Use
Retail
$2.53M
$2.22M – $2.95M
NOI $177,224 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,553 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30134, GA
46,874
Population
17,233
Households
2.7
Avg Household Size
35
Median Age
25%
College-Educated
90%
High-School Grad
52.1 sq mi
ZIP Area
900
Density / Sq Mi
$73,699
Median Household Income
$40,753
Median Earnings
$1,272
Median Rent
$244,500
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.
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with multiple long-term occupants and recent lease extensions.
Where is this shopping center located?
The property is located at 5823 Fairburn Rd Douglasville, GA.
What is the asking price?
The asking price for this property is $2,529,000.
What are key features of this property?
This property features: 12,600‑square‑foot retail center with six tenant spaces; Built in 1984 at 5823 Fairburn Rd, Douglasville, Georgia 30134; Subway has occupied the property for nearly 40 years
