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 Market748
Property Features for 4645 Hiram Sudie Rd
General Information
Standard status
Active
Size
8,900 SF
Lot size
1.20 Acres
Property subtype
Retail
Building Details
Year Built
2006
Listing Agency:
Coldwell Banker Realty
Listed By:
Raj Shah · License #436968
Source:
Crexi
Added: Jul 13, 2024
Changed: Jul 6
Last Checked: Jul 29 at 9:06AM
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 For 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 | $195.4k | $21.96 |
| − Vacancy | −$16.6k | −$1.87 |
| EGI | $178.8k | $20.09 |
| − OpEx | −$53.6k | −$6.03 |
| NOI | $125.2k | $14.07 |
8,900 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
8,695 visits/mo
0.5 miles
Dollar General
Shops & Services
8,395 visits/mo
0.5 miles
Compass Self Storage
Shops & Services
647 visits/mo
0.5 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
Market
Properties on Market for Retail properties & Spaces in Paulding County
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
