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 25 at 4:12AM

Report an Issue

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 / Yr

$33,491

Cap Rate

4.06%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $33,491 @ 7.0% cap · market cap 4.06%

Second Best

Retail

$418.7K

$366.4K – $488.5K (±1% cap)

NOI $29,312 @ 7.0% cap · market cap 3.55%

Theoretical Best

Office A

$582.6K

$509.7K – $679.7K (±1% cap)

NOI $40,779 @ 7.0% cap · market cap 4.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

LibertyX Bitcoin ATM Atm Conley Package Store ... (Bike/Boat/Book/etc) Store ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Electrical Service Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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.).