Listing Agency: Six String Realty LLC d***@sixstringrealty.com Show Phone

Listed By: Daniel Collins · License #364225 Show Phone

Source: Exprealty

Added: Sep 12 Changed: Oct 25 Last Checked: Oct 28 at 3:22PM

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Investment Insights

Based on property information with market context.

Suite A at 320 Mill Creek Dr provides 4,690 square feet of commercial space with 16-foot ceilings. The property was most recently used as a church and is described as suitable for commercial, retail, and event-related purposes. Water is included, and the HVAC system has been serviced.

Recent property work includes roof and deck repairs, along with installation of a new septic system. The site is in Hull, GA, in Madison County, just off Highway 72 and next to the water tower. It is approximately 8 minutes from Athens Tech and the 29 N Trail, with Creek Village Kroger also identified in the surrounding area.

Key Highlights

• 4,690 square feet in Suite A
• 16‑foot ceilings
• Commercial zoning supports many uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,007

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,140 $1.1M

Cap Rate 7%

$757,243 $757.2K

Cap Rate 9%

$588,967 $589.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,690 SF

Gross rent

$84.4K $18.00/SF

− Vacancy

−$8.7K −$1.85/SF

EGI

$75.7K $16.15/SF

− OpEx

−$22.7K −$4.84/SF

NOI

$53.0K $11.30/SF

Area

Madison County, GA

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,140

Cap Rate 7%

$757,243

Cap Rate 9%

$588,967

Alternative Uses

Best Use

Mixed Use

$796.0K

$696.5K – $928.6K (±1% cap)

NOI $55,717 @ 7.0% cap · market cap 1,392.93%

Second Best

Retail

$757.2K

$662.6K – $883.5K (±1% cap)

NOI $53,007 @ 7.0% cap · market cap 1,325.18%

Theoretical Best

Office A

$1.13M

$989.3K – $1.32M (±1% cap)

NOI $79,143 @ 7.0% cap · market cap 1,978.58%

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

Property Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Auto Parts Store Hair Salon Gym & Fitness Center

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 30646, GA

7,664

Population

3,561

Households

2.2

Avg Household Size

39

Median Age

25%

College-Educated

90%

High-School Grad

36.4 sq mi

ZIP Area

211

Density / Sq Mi

$67,614

Median Household Income

$39,852

Median Earnings

$953

Median Rent

$196,800

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

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Specialty Property Parcel

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned space with serviced HVAC, repaired roofing, and a new septic system.

Where is this mixed-use property located?

The property is located at A-320 Mill Creek Dr Hull, GA.

What are key features of this property?

This property features: 4,690 square feet in Suite A; 16‑foot ceilings; Commercial zoning supports many uses