Fully Equipped Auto
For Sale
$399,900
5948 Homestead Rd, Rex, GA 30273
Auto shop with two vehicle lifts, multiple work bay areas, and a 16-foot roll-up door plus on-site offices.
Property Size5,012 SF
Price / SF$79.79
Days on Market204
Property Features for 5948 Homestead Rd
General Information
Standard status
Active
Size
5,012 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Drive-In Doors
1
Service Bays
4
Office Units
3
Taxes and HOA fees
Annual Taxes
$3,411
Listing Agency:
Sellers Realty
(810) 223-5653
Listed By:
Darlena Borders
(770) 833-1970
Source:
Exprealty
Added: Feb 13
Changed: Aug 20
Last Checked: Sep 4 at 9:59AM
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 Sellers Realty
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.
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 = 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
$30,532
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
7.63%
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%
$610,640
$610.6K
Cap Rate 7%
$436,171
$436.2K
Cap Rate 9%
$339,244
$339.2K
Market Conditions
NOI Build-Up for 5,012 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
$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 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%
$610,640
Cap Rate 7%
$436,171
Cap Rate 9%
$339,244
Alternative Uses
Best Use
Retail
$1.01M
$881.2K – $1.17M
NOI $70,496 @ 7.0% cap · market cap 17.63%
Second Best
Industrial
$436.2K
$381.7K – $508.9K
NOI $30,532 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,073 @ 7.0% cap · market cap 24.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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- Work After Work Auto — 6178 Amberly Rd, Rex, GA 30273
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- 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
