Retail Shops and Commercial
For Sale
$529,000
6004 Highway 42 Rex, Rex, GA 30273
Retail shops with commercial land available for development.
Property Size1,872 SF
Price / SF$282.59
Days on Market319
Property Features for 6004 Highway 42 Rex
General Information
Standard status
Active
Size
1,872 SF
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Commercial Bullard
Listed By:
Adam Shekarabi · License #381842
(404) 229-4336
Source:
Jetsetrealty
Added: Dec 3, 2025
Changed: Oct 11
Last Checked: Oct 5 at 7:56PM
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 Coldwell Banker Commercial Bullard
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a strip of retail shops, including a tire shop and a restaurant, along with a billboard. Additionally, there is over one acre of commercial land available for further development of retail or other commercial buildings. The site benefits from access to utilities and sewer services. The property has 231 feet of frontage on GA-42. It is commercially zoned for general business (GB). The property includes 1,872 square feet of retail space and 64,468.8 square feet of land. The property offers ample parking spaces. The property is located at 6004 Highway 42 Rex, Rex, GA 30273. The property could potentially accommodate a gas station with a conditional use permit.
Key Highlights
- Prime location with 231 feet of frontage on GA‑42.
- Over 1 acre (64,468.8 sqft) of commercially zoned (GB) land suitable for development.
- Existing income‑generating strip retail shops including a Tire Shop, Restaurant, and Billboard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,330
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,600
$526.6K
Cap Rate 7%
$376,143
$376.1K
Cap Rate 9%
$292,556
$292.6K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$41.1K $21.96/SF
− Vacancy
−$3.5K −$1.87/SF
EGI
$37.6K $20.09/SF
− OpEx
−$11.3K −$6.03/SF
NOI
$26.3K $14.07/SF
Area
Clayton 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 Rate 5%
$526,600
Cap Rate 7%
$376,143
Cap Rate 9%
$292,556
Alternative Uses
Best Use
Retail
$376.1K
$329.1K – $438.8K
NOI $26,330 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.3K
$457.9K – $610.5K
NOI $36,631 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail shops with commercial land available for development.
Where is this strip mall located?
The property is located at 6004 Highway 42 Rex Rex, GA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Prime location with **231 feet of frontage on GA‑42**.; Over 1 acre (64,468.8 sqft) of commercially zoned (GB) land suitable for development.; Existing income‑generating strip retail shops including a Tire Shop, Restaurant, and Billboard.
