Property profile

848 Pinetree Blvd Thomasville, GA 31792

OFF-MARKET
Retail space
Property ID
US22-0987547
4,500 SF 0.35 ac lot Built 1987
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Thomasville, Georgia, featuring a 4,500 square foot, single-story Class B retail building on a 0.35-acre lot (APN: 046H 105). This property, built in 1987 and zoned for commercial use, is divided into two distinct spaces. One unit, approximately 2,700 square feet, boasts a professional office build-out complete with a reception area, kitchenette, four private offices, two bathrooms, a conference room, and ample space for cubicles or storage. This unit is currently leased for three years with options, generating a monthly income of $2,500. The second unit, approximately 1,800 square feet, is occupied by an established salon featuring high-end finishes, including four hair stations, a nail salon area, a washroom, a massage room, and tanning rooms. The current salon tenant is interested in a long-term lease with a new owner or is willing to relocate if necessary. This property presents a compelling opportunity for investors seeking a stable income stream with potential for future growth in a thriving Thomasville location at 848 E Pinetree Blvd, Thomasville, GA 31792. The asking price is $499,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction STEEL FRAME
Total area 4,500 SF
Lot 0.35 ac (15,246 SF)
Zoning code CG
APN 046H 105
UPID US22-0987547

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon
  • Hair Salon

Location

848 Pinetree Blvd Thomasville, GA 31792-5717
Thomasville metro Census 960502 THOMASVILLE, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$200,000
2017
Price N/A
2016
Price N/A
2012
$10,000
2007
$330,000

Zoning & alternative use

CG · Thomasville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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