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    Property profile & analytics
    FOR LEASE
    Strip malls

    120 W Oak St, Mc Rae, GA 31055

    7,685 SF 4.42 ac lot Built 1961
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-3226240
    Property summary
    AI-generated overview

    Telfair Plaza, located at 120 W Oak St, McRae-Helena, GA 31055, presents a compelling investment opportunity in a thriving retail environment. This 12.73-acre property comprises four single-story buildings totaling 125,539 square feet, offering a variety of spaces to suit diverse business needs. Built in 1982 and renovated in 2000, the property features ample parking with 519 spaces. Currently, there are 8,400 square feet of vacant space available, divisible into units as small as 1,200 square feet and with a maximum contiguous space of 7,200 square feet. The property is zoned C3 and benefits from its location in the county seat, experiencing high traffic volume with over 8,000 vehicles passing daily. Telfair Plaza is anchored by Harvey's grocery, a national grocer, and is surrounded by a mix of local and national businesses, creating a vibrant and convenient shopping destination. This established center offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's size and configuration provide flexibility for both single and multi-tenant occupancy.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1961
    Construction CONCRETE
    Total area 7,685 SF
    Lot 4.42 ac (192,535 SF)
    Zoning code RESIDENTIAL
    APN MC0400 004
    UPID US22-3226240
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.34M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.45M
    Owner & transaction history
    Mcrae Retail LLC · 3 yrs held
    Mcrae Retail LLC
    since 2022
    Last sale
    $5.7M
    2 recorded transactions
    2022
    $5.7M
    2022
    $4.3M
    Zoning & alternative use
    RESIDENTIAL · Mc Rae Helena, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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