Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grocery Anchored Retail Center Title is generated by Realmo AI

    140 W Dykes St, Cochran, GA 31014

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenant shopping center in Cochran, Georgia, 90% occupied.

    Type:Retail, Land, Special Purpose
    Property size:
    40,880 SF
    Lot size:
    11.26 Acres
    Added:
    Sep 26, 2023
    Days on Market:
    984
    Last Refresh:
    May 12 at 9:16 pm

    Property Features for 140 W Dykes St

    General Information

    Standard status
    Active
    Size
    40,880 SF
    Lot size
    11.26 Acres
    Property subtype
    Retail, Land, Special Purpose

    Building Details

    Year Built
    1992

    Spaces For Lease

    at 140 W Dykes St Contact us

    Ground Lease 20000 $3/Mo

    Size
    20,000 SF
    Type
    Retail, Land, Special Purpose
    This is a ground lease space available behind the shopping center. Ideal for warehouse...
    show more
    Contact us

    Ground Lease 15000 $4/Mo

    Size
    15,000 SF
    Type
    Land
    This is a ground lease space available in a 100% filled shopping center for a suitable...
    show more
    Contact us

    Ground Lease 10 Acres $1.00/Mo

    Size
    440,000 SF
    Type
    Retail, Land, Special Purpose
    This is a 10 Acre space available for multi purpose to build a nice motel, hotel,...
    show more
    Contact us

    We can help!

    Listing Contact
    Riley Bennett

    Listing agent Riley Bennett License #GA 433016

    Listing office Coldwell Banker Commercial Eberhardt & Barry

    Listing date Sep 26, 2023

    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 Coldwell Banker Commercial Eberhardt & Barry

    HighLights

    • Grocery‑anchored (Food Depot) multi‑tenant retail shopping center.
    • High occupancy rate of approximately 90% with strong tenants like Food Depot, Pizza Hut, Cricket Wireless, and a gym.
    • Situated on a large ±11.26‑acre parcel with 198 parking spaces.
    • Excellent visibility and access on W Dykes Street with traffic counts of 6,993 vehicles per day.
    • Located in Cochran, GA, the county seat for Bleckley County, near Middle Georgia State University.
    • Located near numerous national retailers (Walmart, O’Reilly Auto Parts, Dollar Tree, etc.).

    Overview

    The property is a grocery-anchored, multi-tenant neighborhood retail shopping center located at 140 W Dykes Street in Cochran, Georgia. The single-story building totals approximately 40,880 square feet and is positioned on an expansive approximately 11.26-acre parcel of land. The property offers 198 surface parking spaces, visibility from Dykes Street, monument signage, and multiple points of ingress/egress. The property is approximately 90% occupied by tenants including Food Depot, Pizza Hut, Cricket Wireless, and a gym. Cochran is located 40 miles from Macon and serves as the county seat for Bleckley County, Georgia. The property is ideally positioned with direct access and visibility along W Dykes Street with traffic counts of 6,993 vehicles per day. The property is positioned in close proximity to national retailers including Walmart, O’Reilly Auto Parts, Dollar Tree, Advance Auto Parts, Citizens Bank, Family Dollar, and McDonald’s. The surrounding area has approximately 20,117 people and an average household income of approximately $59,708 within a 10-mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Food Depot, 140 W Dykes St, Cochran, GA 31014
    • Middle Georgia Plaza — 140 W Dykes St, Cochran, GA 31014

    Location Insight

    • Map
    • Local Demand
    City
    Cochran
    County
    Bleckley
    State
    Georgia
    Longitude
    -83.3594057
    Latitude
    32.3842108

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant shopping center in Cochran, Georgia, 90% occupied.
    Where is this shopping center located?
    The property is located at 140 W Dykes St Cochran, GA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Grocery‑anchored (Food Depot) multi‑tenant retail shopping center.; High occupancy rate of approximately 90% with strong tenants like Food Depot, Pizza Hut, Cricket Wireless, and a gym.; Situated on a large ±11.26‑acre parcel with 198 parking spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Riley Bennett
    Real Estate License ID: GA 433016
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    140 W Dykes St, Cochran, GA 31014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!