Renovated Mixed-Use
For Sale
$594,000
8587 Cumming Hwy, Canton, GA 30115
Renovated ranch-style property with basement, on-site parking, and stated flexibility for residential or small business use.
Property Size1,884 SF
Lot Size1.00 Acre
Price / SF$315.29
Days on Market48
Property Features for 8587 Cumming Hwy
General Information
Standard status
Active
Size
1,884 SF
Lot size
1.00 Acre
Zoning
NC
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1957
Buildings
1
Listing Agency:
Chapman Hall Realtors
Listed By:
Oswaldo Zeas
(404) 236-0043
Source:
Lemoineteam
Added: Aug 10
Changed: Sep 10
Last Checked: Sep 26 at 8:52AM
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 Chapman Hall Realtors
Investment Insights
Based on property information with market context.
Located at 8587 Cumming Highway in Canton, this 1,884-square-foot ranch-style property was built in 1957 and has been fully renovated. The layout includes a full basement, providing additional interior space within the approximately 1-acre property. On-site parking is available, and the roof and furnace are reported to be in good condition.
The property fronts the GA-20/Cumming Highway corridor and is presented for potential residential, rental, or small business use. Its renovated condition supports immediate occupancy, subject to the applicable land-use requirements and approvals.
The property fronts the GA-20/Cumming Highway corridor and is presented for potential residential, rental, or small business use. Its renovated condition supports immediate occupancy, subject to the applicable land-use requirements and approvals.
Key Highlights
- Fully renovated 1,884‑square‑foot ranch‑style property
- Approximately 1‑acre site along the GA‑20/Cumming Highway corridor
- Full basement provides additional interior space
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
$24,869
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
4.19%
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%
$497,380
$497.4K
Cap Rate 7%
$355,271
$355.3K
Cap Rate 9%
$276,322
$276.3K
Market Conditions
NOI Build-Up for 1,884 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
$45.2K $24.00/SF
− Vacancy
−$5.4K −$2.88/SF
EGI
$39.8K $21.12/SF
− OpEx
−$14.9K −$7.92/SF
NOI
$24.9K $13.20/SF
Area
Cherokee County, GA
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$497,380
Cap Rate 7%
$355,271
Cap Rate 9%
$276,322
Alternative Uses
Best Use
Mixed Use
$355.3K
$310.9K – $414.5K
NOI $24,869 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.0K
$462.9K – $617.2K
NOI $37,032 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 30115, GA
49,804
Population
19,016
Households
2.6
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
73.2 sq mi
ZIP Area
680
Density / Sq Mi
$113,346
Median Household Income
$49,893
Median Earnings
$1,739
Median Rent
$439,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated ranch-style property with basement, on-site parking, and stated flexibility for residential or small business use.
Where is this mixed-use property located?
The property is located at 8587 Cumming Hwy Canton, GA.
What is the asking price?
The asking price for this property is $594,000.
What are key features of this property?
This property features: Fully renovated 1,884‑square‑foot ranch‑style property; Approximately 1‑acre site along the GA‑20/Cumming Highway corridor; Full basement provides additional interior space
