Turn-Key Auto Repair
For Sale
Contact for pricing
686 Grayson Hwy, Lawrenceville, GA 30046
Recently renovated auto repair shop in Lawrenceville for sale.
Property Size5,000 SF
Lot Size0.46 Acres
Price / SF$360
Days on Market138
Property Features for 686 Grayson Hwy
General Information
Standard status
Active
Size
5,000 SF
Class
A
Lot size
0.46 Acres
Property subtype
Retail
Zoning
C-1
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Rise Property Group
(404) 483-4477
Listed By:
Jared Siegel · License #GA 400324
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 8 at 4:23AM
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 Rise Property Group
Investment Insights
Based on property information with market context.
The property at 686 Grayson Hwy is a turn-key auto repair shop. The sale includes a 2022 FF&E package. The property features 3 double-bays, an employee break room, and a large customer reception area. Renovations completed in 2022 include the parking lot, the building's interior and exterior, the roof, and signage. The property includes back-lit monument signage on Grayson Hwy and is located within the retail trade corridor of Lawrenceville. Additional rear outside storage and a contiguous +/- 0.46 acre pad-ready parcel behind the building are included. A tax freeze is in place on the property until October 2027.
Key Highlights
- Turn‑key auto repair shop with 2022 FF&E package included.
- Recently renovated in 2022 (parking lot, interior/exterior, roof, signage).
- Tax freeze on property until October 2027.
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
$58,086
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
3.23%
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%
$1,161,720
$1.2M
Cap Rate 7%
$829,800
$829.8K
Cap Rate 9%
$645,400
$645.4K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$7.0K −$1.40/SF
EGI
$83.0K $16.60/SF
− OpEx
−$24.9K −$4.98/SF
NOI
$58.1K $11.62/SF
Area
Gwinnett County, GA
Vacancy
7.80%
Lease Rate
$18.00 /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%
$1,161,720
Cap Rate 7%
$829,800
Cap Rate 9%
$645,400
Alternative Uses
Best Use
Retail
$829.8K
$726.1K – $968.1K
NOI $58,086 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$435.1K
$380.7K – $507.7K
NOI $30,459 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30046, GA
40,227
Population
14,356
Households
2.8
Avg Household Size
34
Median Age
26%
College-Educated
84%
High-School Grad
15.8 sq mi
ZIP Area
2,546
Density / Sq Mi
$63,379
Median Household Income
$36,962
Median Earnings
$1,488
Median Rent
$302,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- JBD Auto Center — 693 Grayson Hwy C, Lawrenceville, GA 30046
- Best Grayson Tires New and Used — 320 Farmer Ct, Lawrenceville, GA 30046
- Lawrenceville Auto Repair — 693 Grayson Hwy C, Lawrenceville, GA 30046
- Classic Imports — 665 Grayson Hwy, Lawrenceville, GA 30046
- Sosebee Auto Supply Company — 905 Grayson Hwy Ste B, Lawrenceville, GA 30046
Frequently Asked Questions
What type of property is this?
Auto shop - Recently renovated auto repair shop in Lawrenceville for sale.
Where is this auto shop located?
The property is located at 686 Grayson Hwy Lawrenceville, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Turn‑key auto repair shop with 2022 FF&E package included.; Recently renovated in 2022 (parking lot, interior/exterior, roof, signage).; Tax freeze on property until October 2027.
