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Property profile & analytics
OFF-MARKET Estimated value $545,000
Strip malls

1304 Hogansville Rd Lagrange, GA 30241-6664

5,600 SF 0.61 ac lot Built 2006
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US22-1890818
Property summary
AI-generated overview

This exceptional, fully-leased shopping center in LaGrange, Georgia presents a compelling investment opportunity. The 5,600 square foot property, built in 2006 and situated on a 26,343 square foot lot, boasts seven retail units currently operating at 100% occupancy. Each unit is equipped with HVAC, and ample parking is provided for tenants and customers (33 spaces). The property enjoys a prime location on Hogansville Road, a major thoroughfare with over 11,500 average daily vehicles, offering 173 feet of road frontage. The stabilized investment features a 7.75% cap rate and a Net Operating Income (NOI) of $49,330, with a gross lease structure. The property is zoned 16-CR-MX (District 16 - Corridor Mixed Use District) and benefits from its proximity to thriving residential areas, including the nearby Crossvine Village community, and major employers such as Kia's West Point Assembly Plant. The asking price is $646,000 ($115.36/sq ft). This well-maintained center offers a diverse mix of tenants, creating a dynamic retail environment and strong revenue potential. The property's location and tenant mix provide long-term stability and potential for future upside. All tenants are month-to-month, offering immediate upside potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 5,600 SF
Lot 0.61 ac (26,572 SF)
Zoning code 16- CR-MX
APN 0501A008002A
UPID US22-1890818
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
Current use
Occupant on record · Public records
  • Professional Movers & Storage Moving Company Storage Facility
  • BraidsbyLove Hair Salon
  • Chewy's Freeze Dried Candy Specialty Food Shop Candy Store
  • Grooming by Sav LLC Pet Grooming Service
  • Washington Audio & Video LLC Electronics & Wireless Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k
Owner & transaction history
Rahnad LLC · 1 yrs held
Rahnad LLC
since 2025
Last sale
$575,000
1 recorded transaction
2025
$575,000
Zoning & alternative use
16- CR-MX · Lagrange, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $835,000 +214.6%
Commercial (general) $775,000 +191.8%
Restaurant $645,000 +143.5%
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