Brick Storefront
For Sale
$700,000
8 W Bacon Street, Pembroke, GA 31321
Commercial Sale, Pembroke, GA
Property Size5,550 SF
Lot Size0.06 Acres
Price / SF$126.13
Days on Market54
Property Features for 8 W Bacon Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B-3
Zoning description
Commercial
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Interior features
High Ceilings
Appliances
Electric Water Heater
Directions
Hwy 280, to Pembroke
Standard status
Active
APN
P06-09-009
Size
5,550 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
19GMD J& M VIDEO INTERSEC TION 67 & 280
Tax Annual Amount
2034
Legal Description
19GMD J& M VIDEO INTERSEC TION 67 & 280
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace
Cooling system
Wall Unit(s), Electric
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Building materials
Brick
Listing Agency:
Sharon Black Realty
(912) 348-4528
Listed By:
Sharon E. Black · License #290870
(912) 656-5645
Added: Jul 20
Changed: Sep 8
Last Checked: Sep 11 at 2:06PM
MLS# SA361361
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,550-square-foot storefront property occupies a 0.06-acre corner parcel and dates to 1910. The brick building features high ceilings, two bathrooms, wall-unit cooling, electric heating, and a dedicated electric water heater. Public water and public sewer serve the property.
The building currently includes a dry-cleaning drop-off business on the ground level along with additional tenant spaces upstairs. No rental income is currently being generated. Parking is available directly in front of the building, with additional parking across the street.
The property requires TLC and is offered AS IS, providing a building with an established commercial configuration and room for restoration or reworking. Its B-3 zoning designation and existing storefront layout support continued consideration as a commercial property.
The building currently includes a dry-cleaning drop-off business on the ground level along with additional tenant spaces upstairs. No rental income is currently being generated. Parking is available directly in front of the building, with additional parking across the street.
The property requires TLC and is offered AS IS, providing a building with an established commercial configuration and room for restoration or reworking. Its B-3 zoning designation and existing storefront layout support continued consideration as a commercial property.
Key Highlights
- 5,550 square feet on a 0.06‑acre corner parcel
- Brick commercial building constructed in 1910
- Current layout includes a dry‑cleaning drop‑off business and upstairs tenant spaces
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
$63,002
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
9.00%
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%
$1,260,040
$1.3M
Cap Rate 7%
$900,029
$900.0K
Cap Rate 9%
$700,022
$700.0K
Market Conditions
NOI Build-Up for 5,550 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
$96.6K $17.40/SF
− Vacancy
−$6.6K −$1.18/SF
EGI
$90.0K $16.22/SF
− OpEx
−$27.0K −$4.87/SF
NOI
$63.0K $11.35/SF
Area
Bryan County, GA
Vacancy
6.80%
Lease Rate
$17.40 /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%
$1,260,040
Cap Rate 7%
$900,029
Cap Rate 9%
$700,022
Alternative Uses
Best Use
Retail
$900.0K
$787.5K – $1.05M
NOI $63,002 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.19M
$4.54M – $6.05M
NOI $363,078 @ 7.0% cap · market cap 51.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 34%
Shops & Services 29%
Food Lion Grocery Store
Groceries
14,778 visits/mo
0.5 miles
McDonald's
Dining
13,266 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,839 visits/mo
0.4 miles
Dollar General
Shops & Services
4,565 visits/mo
0.5 miles
Demographics for 31321, GA
6,974
Population
3,242
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
143.1 sq mi
ZIP Area
49
Density / Sq Mi
$70,781
Median Household Income
$42,591
Median Earnings
$984
Median Rent
$145,600
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
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Similar Off Market Nearby
- The Flower Shop Florist & Gifts — 154 W Railroad St, Pembroke, GA 31321
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial building with upstairs tenant spaces and parking positioned at the property and across the street.
Where is this storefront property located?
The property is located at 8 W Bacon Street Pembroke, GA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5,550 square feet on a 0.06‑acre corner parcel; Brick commercial building constructed in 1910; Current layout includes a dry‑cleaning drop‑off business and upstairs tenant spaces
