Versatile Commercial Property For
For Sale
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3228 New Macland Road, Powder Springs, GA 30127
Office, retail, restaurant, or daycare location with redevelopment potential.
Property Size1,160 SF
Lot Size0.50 Acres
Price / SF$314.66
Days on Market817
Property Features for 3228 New Macland Road
General Information
Standard status
Active
Size
1,160 SF
Class
C
Lot size
0.50 Acres
Property subtype
Office, Retail
Zoning
NRC
Building Details
Year Built
1949
Buildings
2
Stories
1
Listing Agency:
RE/MAX Around Atlanta Realty
Listed By:
Dean Gudlauski · License #298686
(404) 488-4663
Source:
Crexi
Added: Jul 13, 2024
Changed: Sep 13
Last Checked: Oct 5 at 5:11PM
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 RE/MAX Around Atlanta Realty
Investment Insights
Based on property information with market context.
This commercial property presents an opportunity for businesses seeking a new location. The existing structure, currently featuring a residential floor plan, is suitable for office, professional services, general business, daycare, restaurant, or retail use. The property includes a storage building at the rear, which can be retained or removed based on the tenant's needs. All structures could be torn down and rebuilt to suit. The property includes 0.5 acre of usable land, with an additional adjacent 0.5 acre lot that is level and cleared, potentially suitable for a franchise or other business development. The front yard has the potential to be converted into a paved parking area accommodating approximately 10-15 vehicles. The 1160 square foot site offers excellent access directly across from a strip center and commercial intersection, and is located in close proximity to residential neighborhoods and public schools.
Key Highlights
- 0. 5 acre lot suitable for business build, franchise, or other development.
- Versatile site suitable for office, professional services, general business, daycare, restaurant, or retail.
- Existing structure with residential floor plan ready for tenant build out or improvement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,534
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,680
$310.7K
Cap Rate 7%
$221,914
$221.9K
Cap Rate 9%
$172,600
$172.6K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$27.7K $23.87/SF
− Vacancy
−$7.0K −$6.02/SF
EGI
$20.7K $17.85/SF
− OpEx
−$5.2K −$4.46/SF
NOI
$15.5K $13.39/SF
Area
Cobb County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,680
Cap Rate 7%
$221,914
Cap Rate 9%
$172,600
Alternative Uses
Best Use
Office B
$221.9K
$194.2K – $258.9K
NOI $15,534 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.7K
$285.0K – $380.0K
NOI $22,801 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 30127, GA
68,574
Population
25,289
Households
2.7
Avg Household Size
40
Median Age
40%
College-Educated
92%
High-School Grad
51.3 sq mi
ZIP Area
1,337
Density / Sq Mi
$104,997
Median Household Income
$48,049
Median Earnings
$1,800
Median Rent
$322,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office, retail, restaurant, or daycare location with redevelopment potential.
Where is this office units located?
The property is located at 3228 New Macland Road Powder Springs, GA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 0. 5 acre lot suitable for business build, franchise, or other development.; Versatile site suitable for office, professional services, general business, daycare, restaurant, or retail.; Existing structure with residential floor plan ready for tenant build out or improvement.
