698 Butler Rd Gainesville, GA 30506
950 sq ft retail shell, potential for two units.
Property Features for 698 Butler Rd
General Information
- Standard status
- Active
- Size
- 950 SF
Listing office HomeSmart (678) 557-8346
Listing date May 14, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Located on a busy corner in Gainesville, GA
- Potential for two rental units
- 950 sq. ft. shell
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $18.00 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $15.6k | $16.47 |
| − OpEx | −$4.7k | −$4.94 |
| NOI | $11.0k | $11.53 |
