Freestanding Storefront
For Sale
$425,000
6294 Old Dixie Highway, Forest Park, GA 30297
Demoed interior offers a clean starting point for a retail redevelopment with central air and paved parking.
Property Size1,792 SF
Price / SF$237.17
Days on Market176
Property Features for 6294 Old Dixie Highway
General Information
Standard status
Active
Size
1,792 SF
Total Parking Spaces
25
Property subtype
Commercial Sale / Mixed Use
Taxes and HOA fees
Annual Taxes
$5,343
Amenities
Central Air
Central
Brick
Slab
One
Aluminum Frames
Other
No
Asphalt, Concrete, Paved
2
City Street
Brick 4 Sides
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Drake Realty of GA, Inc.
(404) 861-1655
Listed By:
VINCENT M CONTRERAS · License #286110
(404) 861-1655
Source:
Compass
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 2:06PM
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 Drake Realty of GA, Inc.
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 1,792 square feet and was built in 1987. The interior has been demoed, while central air remains in place. Exterior construction includes brick on all four sides, with a slab foundation and aluminum frames.
The property includes 25 parking spaces across an asphalt, concrete, and paved surface. It fronts a city street and sits near a major highway, with the airport approximately 13 minutes away. The building's open interior condition provides a straightforward base for a new retail configuration.
The property includes 25 parking spaces across an asphalt, concrete, and paved surface. It fronts a city street and sits near a major highway, with the airport approximately 13 minutes away. The building's open interior condition provides a straightforward base for a new retail configuration.
Key Highlights
- 1,792‑square‑foot freestanding storefront building
- Interior has been demoed
- 25 parking spaces on asphalt, concrete, and paved surfaces
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
$25,205
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
5.93%
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%
$504,100
$504.1K
Cap Rate 7%
$360,071
$360.1K
Cap Rate 9%
$280,056
$280.1K
Market Conditions
NOI Build-Up for 1,792 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
$39.4K $21.96/SF
− Vacancy
−$3.3K −$1.87/SF
EGI
$36.0K $20.09/SF
− OpEx
−$10.8K −$6.03/SF
NOI
$25.2K $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 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%
$504,100
Cap Rate 7%
$360,071
Cap Rate 9%
$280,056
Alternative Uses
Best Use
Retail
$360.1K
$315.1K – $420.1K
NOI $25,205 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Texaco
Shops & Services
17,438 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
14,058 visits/mo
0.4 miles
Checkers
Dining
6,818 visits/mo
0.5 miles
Demographics for 30297, GA
29,669
Population
11,438
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
75%
High-School Grad
11.0 sq mi
ZIP Area
2,697
Density / Sq Mi
$45,975
Median Household Income
$34,330
Median Earnings
$1,144
Median Rent
$121,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Demoed interior offers a clean starting point for a retail redevelopment with central air and paved parking.
Where is this storefront property located?
The property is located at 6294 Old Dixie Highway Forest Park, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,792‑square‑foot freestanding storefront building; Interior has been demoed; 25 parking spaces on asphalt, concrete, and paved surfaces
