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    Gun Range and Retail Store Title is generated by Realmo AI

    6190 PARKWAY NORTH Drive, Cumming, GA 30040

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    4.7 acres with 7500 sqft building in industrial park.

    Type:Industrial, Retail
    Property size:
    7,500 SF
    Lot size:
    4.70 Acres
    Price / SF:
    $219/SF
    Added:
    Jul 13, 2024
    Days on Market:
    725
    Last Refresh:
    Jun 23 at 4:21 am

    Property Features for 6190 PARKWAY NORTH Drive

    General Information

    Standard status
    Active
    Size
    7,500 SF
    Lot size
    4.70 Acres
    Property subtype
    Industrial, Retail

    Building Details

    Year Built
    2005

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    Mike Lundy

    Listing office Chapman Hall Professionals

    Listing date Jul 13, 2024

    Source Crexi

    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 Professionals

    HighLights

    • 4.7 acres of land in south Forsyth county
    • 7500 sqft building suitable for retail, warehouse, or auto shop
    • Currently operated as an indoor gun range and retail store
    • Includes retail area, private office with 1/2 bath, public restrooms, and classroom/conference room
    • Large cleared area for storage or additional building
    • Located at the back of an industrial park

    Overview

    This property features 4.7 acres of land with a 7500 sqft building situated at the rear of an industrial park in south Forsyth County. Currently operating as an indoor gun range and retail store, the building includes a retail area at the front, a private office with a half bath, two public restrooms, and a medium-sized classroom or conference room. The back portion of the space, presently used as a gun range, could be adapted for use as a warehouse, auto shop, or other space. A large cleared area below the building presents opportunities for storage or the addition of another building. Gaining vehicle access to the lower level of the property will require some improvements. The property is suitable for retail, sports and entertainment, warehouse, industrial, or automotive purposes.

    Local 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 $164.7k $21.96
    − Vacancy −$14.0k −$1.87
    EGI $150.7k $20.09
    − OpEx −$45.2k −$6.03
    NOI $105.5k $14.07
    7,500 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,490 @ 7.0% cap · market cap 6.40%
    Second Best
    Warehouse
    $786.5K
    $688.2K – $917.6K (±1% cap)
    NOI $55,056 @ 7.0% cap · market cap 3.34%
    Theoretical Best
    Office A
    $2.10M
    $1.83M – $2.45M (±1% cap)
    NOI $146,758 @ 7.0% cap · market cap 8.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Auto Parts Store Storage Facility Furniture & Home Goods Big Box & Wholesale Store HVAC Service Electrical Service Hotel & Motel Building Supply (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.1873309
    Latitude
    34.1668785

    FAQs

    What type of property is this?
    Retail space - 4.7 acres with 7500 sqft building in industrial park.
    Where is this retail space located?
    The property is located at 6190 PARKWAY NORTH Drive Cumming, GA.
    What is the asking price?
    The asking price for this property is $1,649,000.
    What are key features of this property?
    This property features: 4.7 acres of land in south Forsyth county; **7500 sqft building suitable for retail, warehouse, or auto shop**; Currently operated as an indoor gun range and retail store
    More about this property
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