Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    652 Main St Pearson, GA 31642
    Back to Search
    Property profile & analytics

    652 Main St, Pearson, GA 31642

    View on Map
    • Neighborhood centers
    • 12,300 SF
    • 1.05 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CK Ice House America / Big Box & Wholesale Store / Distribution Center

    Property Details for 652 Main St

    Year built
    1995
    Lot size
    1.05 lot acres
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a 12,300-square-foot retail strip center located at 652 North Main Street, Pearson, Georgia 31642. Anchored by Dollar Tree and Family Dollar, occupying 10,500 square feet, this property boasts a strong tenant base. Family Dollar, a tenant since 2011, has a lease expiring January 31, 2027, with two five-year extension options, each including a 5% rent increase. The center also features two additional 900-square-foot retail spaces, one currently vacant, offering potential for increased revenue. The property sits on a 1.05-acre lot, zoned C-3, and benefits from excellent visibility on US Highway 441. Built in 1995, the single-story building received a new roof in 2023. The current occupancy rate is 92.68%, and the asking price is $1,200,000 ($97.56 per square foot). This investment offers a compelling opportunity to acquire a well-maintained retail center with strong, investment-grade credit tenants in a prime location. Dollar Tree, which acquired Family Dollar in 2015, is the second largest discount retailer in the United States, operating over 16,000 locations. The property's Parcel Identification Number (APN) is P004 013.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pearson
    County
    Atkinson
    State
    Georgia
    Longitude
    -82.8493
    Latitude
    31.307

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      Pearson, GA 31642

      CHARITABLE ORGANIZATION
      Pearson, GA 31642
      View Details
    • Value Estimation by Request
      1.14 Acres

      Pearson, GA 31642

      CHARITABLE ORGANIZATION
      Pearson, GA 31642
      View Details
    • Value Estimation by Request
      0.05 Acres

      Pearson, GA 31642

      VACANT COMMERCIAL LAND
      Pearson, GA 31642
      View Details
    • Value Estimation by Request
      0.30 Acres

      184 Austin Ave Ext

      CHARITABLE ORGANIZATION
      184 Austin Ave Ext, Pearson, GA 31642-8247
      View Details
    • Value Estimation by Request
      2,000 SF

      Pearson, GA 31642

      COMMERCIAL (GENERAL)
      Pearson, GA 31642
      View Details
    • Value Estimation by Request
      972 SF

      Pearson, GA 31642

      COMMERCIAL (GENERAL)
      Pearson, GA 31642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,300 SF

      Pearson GA Retail Center ForSale

      12,300 SF retail center anchored by Family Dollar/Dollar Tree.
      652 North Main St, Pearson, GA 31642
      View Details
    • $500,000
      784 SF

      Pearson, GA Commercial Corner Lot

      High-traffic 1.69-acre commercial lot suitable for various business ventures.
      531 Main St, Pearson, GA 31642
      View Details
    • $695,000
      10,000 SF

      Versatile Building on 5 Acres

      10,000 sq ft building on 5 acres with highway frontage.
      4167 Atkinson Blvd, Pearson, GA 31642
      View Details
    • $100,000
      31.00 Acres

      31 Acres Wooded Land, Pearson

      31-acre wooded lot perfect for hunting or building a homesite.
      Honeysuckle Ln, Pearson, GA 31642
      View Details
    • $550,000
      6.48 Acres

      Pearson, GA Mobile Home Park

      Mobile home park with income potential in Pearson, Georgia.
      536 S Main St, Pearson, GA 31642
      View Details
    • New
      $122,000
      14.35 Acres

      Atkinson County Land with Well

      14.35 acres in Atkinson County with no restrictions.
      Tract A Mills Ln, Pearson, GA 31642
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    652 Main St
    Pearson, GA 31642
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    652 Main St, Pearson, GA, 31642
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!