Commercial Property on Corner
For Sale
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4645 Hiram Sudie Rd, Hiram, GA 30141
8,900 sq ft commercial building on 1.2 acres.
Property Size8,900 SF
Lot Size1.20 Acres
Price / SF$162.92
Days on Market793
Property Features for 4645 Hiram Sudie Rd
General Information
Standard status
Active
Size
8,900 SF
Class
C
Lot size
1.20 Acres
Property subtype
Retail
Zoning
B-2
Occupancy
75%
Lease Type
Net
Investment Type
Owner/User
Net Operating Income
$97,200
Building Details
Year Built
2006
Year Renovated
2021
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Raj Shah · License #436968
(770) 429-0600
Source:
Crexi
Added: Jul 13, 2024
Changed: Sep 10
Last Checked: Sep 13 at 5:55AM
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 Realty
Investment Insights
Based on property information with market context.
This commercial property features an approximately 8,900 square foot building situated on a 1.2 acre lot at the corner of Highway 120 and Highway 92. The property was renovated in 2020, with updates including a new HVAC system, flooring, and ceiling. The parking lot is in good condition. The property is currently occupied by multiple tenants, some with long-term leases. Other tenants are on short-term leases, presenting a potential opportunity for owner occupancy. The property has a cap rate of 8%.
Key Highlights
- High Cap Rate: 8% indicates strong income potential.
- Large Commercial Building: Approximately 8900 sq. ft. provides ample space.
- Strategic Location: Corner lot on Hwy 120 and Hwy 92 offers high visibility.
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
$125,182
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
8.63%
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%
$2,503,640
$2.5M
Cap Rate 7%
$1,788,314
$1.8M
Cap Rate 9%
$1,390,911
$1.4M
Market Conditions
NOI Build-Up for 8,900 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
$195.4K $21.96/SF
− Vacancy
−$16.6K −$1.87/SF
EGI
$178.8K $20.09/SF
− OpEx
−$53.6K −$6.03/SF
NOI
$125.2K $14.07/SF
Area
Paulding County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,503,640
Cap Rate 7%
$1,788,314
Cap Rate 9%
$1,390,911
Alternative Uses
Best Use
Retail
$1.79M
$1.56M – $2.09M
NOI $125,182 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,938 @ 7.0% cap · market cap 12.06%
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
295
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,395 visits/mo
0.1 miles
Sunoco
Shops & Services
2,313 visits/mo
0.2 miles
Compass Self Storage
Shops & Services
647 visits/mo
0.2 miles
Demographics for 30141, GA
23,616
Population
9,151
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
27.6 sq mi
ZIP Area
856
Density / Sq Mi
$84,724
Median Household Income
$47,704
Median Earnings
$1,706
Median Rent
$254,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail property - 8,900 sq ft commercial building on 1.2 acres.
Where is this retail property located?
The property is located at 4645 Hiram Sudie Rd Hiram, GA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: High Cap Rate: 8% indicates strong income potential.; Large Commercial Building: Approximately 8900 sq. ft. provides ample space.; Strategic Location: Corner lot on Hwy 120 and Hwy 92 offers high visibility.
