Corner Storefront
For Sale
$249,900
698 Ee Butler Pkwy, Gainesville, GA 30501
Shell space offers a layout that could be converted into two rental units.
Property Size950 SF
Price / SF$263.05
Days on Market83
Property Features for 698 Ee Butler Pkwy
General Information
Standard status
Active
Size
950 SF
Additional Details
Corner Location
Yes
Listing Agency:
HomeSmart
(678) 557-8346
Listed By:
Rusty Taylor
(678) 557-8346
Source:
Exprealty
Added: May 14
Changed: Jul 31
Last Checked: Jul 31 at 2:52PM
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 HomeSmart
Investment Insights
Based on property information with market context.
This 950-square-foot storefront property is presented as a shell space with a layout that could be converted into two rental units. The property is located at 698 Ee Butler Pkwy in Gainesville, Georgia, on a corner site along one of the city’s busiest streets.
Key Highlights
- 950‑square‑foot storefront shell
- Could be converted into two rental units
- Corner property at 698 Ee Butler Pkwy
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 |
950 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$156.5K
$136.9K – $182.6K
NOI $10,953 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.0K
$232.8K – $310.4K
NOI $18,623 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,012
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Occasions Florist — 100 Washington St NW, Gainesville, GA 30501
- Enemies of the Average — 114 Washington St NE, Gainesville, GA 30501
Frequently Asked Questions
What type of property is this?
Storefront property - Shell space offers a layout that could be converted into two rental units.
Where is this storefront property located?
The property is located at 698 Ee Butler Pkwy Gainesville, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 950‑square‑foot storefront shell; Could be converted into two rental units; Corner property at 698 Ee Butler Pkwy
