Listing Agency: SELLERS REALTY m***@gmail.com

Listed By: Darlena Borders Show Phone

Source: Exprealty

Added: Feb 13 Changed: Oct 16 Last Checked: Oct 19 at 7:17AM

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Investment Insights

Based on property information with market context.

This fully equipped auto shop includes 5,012 square feet of work space designed for automotive repair, customization, fleet services, or specialty mechanical work. The facility features two vehicle lifts, four work bay areas, and two air compressors. A 16-foot roll-up door provides direct, drive-in access.

Interior support spaces include three separate office rooms, along with an additional room suitable for storage or a breakroom, and a bathroom on-site.

The property is located in Downtown Historic Rex, directly off busy Rex Road, about one mile from I-675 and approximately 20 minutes south of Atlanta, offering straightforward regional access for day-to-day operations.

Key Highlights

• Fully equipped auto shop with 5,012 SF of work space for automotive repair and specialty mechanical work
• Two vehicle lifts plus two air compressors for service and customization work
• Four work bay areas and a 16‑foot roll‑up door for vehicle access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,532

Cap Rate

7.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$610,640 $610.6K

Cap Rate 7%

$436,171 $436.2K

Cap Rate 9%

$339,244 $339.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,012 SF

Gross rent

$47.5K $9.48/SF

− Vacancy

−$3.9K −$0.78/SF

EGI

$43.6K $8.70/SF

− OpEx

−$13.1K −$2.61/SF

NOI

$30.5K $6.09/SF

Area

Clayton County, GA

Vacancy

8.20%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$610,640

Cap Rate 7%

$436,171

Cap Rate 9%

$339,244

Alternative Uses

Best Use

Retail

$1.01M

$881.2K – $1.17M (±1% cap)

NOI $70,496 @ 7.0% cap · market cap 17.63%

Second Best

Industrial

$436.2K

$381.7K – $508.9K (±1% cap)

NOI $30,532 @ 7.0% cap · market cap 7.63%

Theoretical Best

Office A

$1.40M

$1.23M – $1.63M (±1% cap)

NOI $98,073 @ 7.0% cap · market cap 24.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Gp Automotive Service, ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

4

Service bays

3

Office units

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 30273, GA

18,597

Population

6,548

Households

2.8

Avg Household Size

36

Median Age

25%

College-Educated

87%

High-School Grad

7.1 sq mi

ZIP Area

2,619

Density / Sq Mi

$68,255

Median Household Income

$36,527

Median Earnings

$1,441

Median Rent

$184,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar Off Market Nearby

• Work After Work Auto — 6178 Amberly Rd, Rex, GA 30273
• Gp Automotive Service, Llc — 5948 Homestead Rd, Rex, GA 30273
• Prevent Auto Works — 5725 Pahaska Ct, Ellenwood, GA 30294
• Rescue Chariot — 3411 Front St, Ellenwood, GA 30294

Frequently Asked Questions

What type of property is this?

Auto shop - Auto shop with two vehicle lifts, multiple work bay areas, and a 16-foot roll-up door plus on-site offices.

Where is this auto shop located?

The property is located at 5948 Homestead Rd Rex, GA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Fully equipped auto shop with 5,012 SF of work space for automotive repair and specialty mechanical work; Two vehicle lifts plus two air compressors for service and customization work; Four work bay areas and a 16‑foot roll‑up door for vehicle access