Retail Storefront Opportunity For
For Sale
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1400 Cedar Grove Road, Conley, GA 30288
Storefront property suitable for retail or convenience store use.
Property Size2,084 SF
Price / SF$395.87
Days on Market646
Property Features for 1400 Cedar Grove Road
General Information
Standard status
Active
Size
2,084 SF
Total Parking Spaces
30
Property subtype
Retail
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Keller Williams Realty Atl Partners
Listed By:
Greg Sullivan
Source:
Crexi
Added: Nov 12, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:30AM
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 Keller Williams Realty Atl Partners
Investment Insights
Based on property information with market context.
This 2,084 square foot property presents an opportunity for purchase. Previously utilized as a package store, the property is suitable for various retail applications, including a convenience store or salon. The property is located on Cedar Grove Road in Conley, GA.
Key Highlights
- Opportunity to purchase a store property.
- Recently used as an established package store.
- Suitable for various retail uses (convenience store, salon, etc.).
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
$33,491
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
4.06%
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%
$669,820
$669.8K
Cap Rate 7%
$478,443
$478.4K
Cap Rate 9%
$372,122
$372.1K
Market Conditions
NOI Build-Up for 2,084 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
$48.0K $23.04/SF
− Vacancy
−$3.4K −$1.61/SF
EGI
$44.7K $21.43/SF
− OpEx
−$11.2K −$5.36/SF
NOI
$33.5K $16.07/SF
Area
Clayton County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$669,820
Cap Rate 7%
$478,443
Cap Rate 9%
$372,122
Alternative Uses
Best Use
Specialty Retail
$478.4K
$418.6K – $558.2K
NOI $33,491 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$418.7K
$366.4K – $488.5K
NOI $29,312 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30288, GA
8,610
Population
2,967
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
7.0 sq mi
ZIP Area
1,230
Density / Sq Mi
$50,499
Median Household Income
$36,157
Median Earnings
$1,168
Median Rent
$225,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property suitable for retail or convenience store use.
Where is this storefront property located?
The property is located at 1400 Cedar Grove Road Conley, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Opportunity to purchase a store property.; Recently used as an established package store.; Suitable for various retail uses (convenience store, salon, etc.).
