Two-Building Mixed-Use
For Sale
$649,000
838 New Franklin Rd, Lagrange, GA 30240
Two separate buildings provide suite-based storefront space alongside additional office or retail areas.
Property Size4,900 SF
Price / SF$132.45
Days on Market177
Property Features for 838 New Franklin Rd
General Information
Standard status
Active
Size
4,900 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
2005
Buildings
2
Listing Agency:
Daniel Realty & Insurance Agency
Listed By:
David Lock
(706) 882-1848
Source:
Jetsetrealty
Added: Apr 24
Changed: Oct 16
Last Checked: Oct 6 at 12:21AM
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 Daniel Realty & Insurance Agency
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Investment Insights
Based on property information with market context.
This mixed-use property contains 4,900 square feet across two separate buildings. The primary structure includes three suites, central air, and a combination of vinyl, concrete, and carpet finishes. Expansive storefront windows bring natural light into the main building, while the second structure adds office or retail space.
The property occupies a corner lot along a paved US highway road and includes a paved driveway with on-site parking. Built in 2005, the site offers a combination of storefront, office, and additional commercial space within a two-building configuration.
The property occupies a corner lot along a paved US highway road and includes a paved driveway with on-site parking. Built in 2005, the site offers a combination of storefront, office, and additional commercial space within a two-building configuration.
Key Highlights
- 4,900 SF mixed‑use property with two separate commercial buildings
- Main building includes 3 suites and expansive storefront windows
- Second building provides additional office or retail space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,685
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,700
$1.2M
Cap Rate 7%
$852,643
$852.6K
Cap Rate 9%
$663,167
$663.2K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$89.4K $18.24/SF
− Vacancy
−$4.1K −$0.84/SF
EGI
$85.3K $17.40/SF
− OpEx
−$25.6K −$5.22/SF
NOI
$59.7K $12.18/SF
Area
Troup County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,700
Cap Rate 7%
$852,643
Cap Rate 9%
$663,167
Alternative Uses
Best Use
Retail
$852.6K
$746.1K – $994.8K
NOI $59,685 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$818.6K
$716.2K – $955.0K
NOI $57,299 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.10M
$959.3K – $1.28M
NOI $76,747 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate buildings provide suite-based storefront space alongside additional office or retail areas.
Where is this mixed-use property located?
The property is located at 838 New Franklin Rd Lagrange, GA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 4,900 SF mixed‑use property with two separate commercial buildings; Main building includes 3 suites and expansive storefront windows; Second building provides additional office or retail space
