Gainesville Retail Building For
1636 Atlanta Highway Gainesville, GA 30504
For Sale
Contact for pricing
Freestanding retail building in Gainesville with income potential.
Property Size4,000 SF
Price / SF$325
Days on Market745
Property Features for 1636 Atlanta Highway
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing Agency:
Virtual Properties Realty
Listed By:
RAJENDRA DALAL · License #GA
Source:
Crexi
Added: Jul 13, 2024
Changed: Jul 10
Last Checked: Jul 26 at 10:36AM
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 Virtual Properties Realty
Investment Insights
Based on property information with market context.
Located in the city of Gainesville, this freestanding retail building offers income potential. The property is approximately 4,000 square feet and configured as a mini shopping center with two suites, A and B. Situated on Atlanta Road in a historical Gainesville location, the property benefits from high traffic, with approximately 22,000 cars per day, and high visibility. The surrounding area includes several commercial businesses and a motel. Suite B is currently rented to a grocery store, presenting an immediate income stream. This property offers an opportunity to own commercial real estate in a well-trafficked area.
Key Highlights
- High‑traffic location on Atlanta Rd with approximately 22,000 cars per day.
- Income potential from existing tenant (Grocery Store) in Suite B.
- Free‑standing retail building in the City of Gainesville.
Financial Insights For Specialty 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 | $84.0k | $21.00 |
| − Vacancy | −$6.3k | −$1.58 |
| EGI | $77.7k | $19.43 |
| − OpEx | −$19.4k | −$4.86 |
| NOI | $58.3k | $14.57 |
4,000 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.12M
$980.2K – $1.31M
NOI $78,414 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Off Market Nearby
- Guadalajara Supermarket — 425 Atlanta Hwy, Gainesville, GA 30501
- Supermercado Tamaulipas — 1305 Industrial Blvd Suite B, Gainesville, GA 30501
- La Flor de Jalisco #2 — 425 Atlanta Hwy, Gainesville, GA 30501
- Talpa Supermercados - Gainesville — 2277 Browns Bridge Rd, Gainesville, GA 30501
- Four Hundred Highland — 400 Highland Terrace, Gainesville, GA 30501
FAQs
What type of property is this?
Grocery and convenience store - Freestanding retail building in Gainesville with income potential.
Where is this grocery and convenience store located?
The property is located at 1636 Atlanta Highway Gainesville, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High‑traffic location on Atlanta Rd with approximately 22,000 cars per day.; Income potential from existing tenant (Grocery Store) in Suite B.; Free‑standing retail building in the City of Gainesville.
