4624 Camp Highland RdSmyrna, GA 30082

Property Details for 4624 Camp Highland Rd

Year built

2007

Lot size

2.32 AC

Property size (Sq ft)

16,280 SF

Zone code

NRC

Property type

Retail properties

Property subtype

Strip malls

APN

17062000130

APU

17062000130

Description

The Shops at Silver Comet presents a compelling investment opportunity in the thriving Smyrna, GA submarket. This 16,150 square foot strip center, built in 2007, boasts a prime location on the East West Connector, ensuring high visibility and accessibility. Currently, 2,220 square feet of retail space is available, offering a unique chance to establish or expand a business in a dynamic area. The center benefits from a strong demographic profile, with over 66,000 residents and 42,000 daytime employees within a 3-mile radius, boasting an average household income of approximately $93,000. This robust consumer base provides a significant potential customer pool for any tenant. The property's strategic location is further enhanced by its adjacency to a 95,250 square foot Publix-anchored shopping center, creating a synergistic retail environment. Adding to its appeal, the Shops at Silver Comet is situated near the beginning of the Silver Comet Trail, a popular 61.5-mile recreational path attracting significant foot and bicycle traffic. This multi-use trail provides additional exposure and contributes to the area's vibrant atmosphere. The property sits on 2.42 acres of land, offering ample space and potential for future development or expansion. This retail center represents a rare opportunity to acquire a well-positioned asset in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,272,424

  6.5%

  $4,866,853

  7%

  $4,519,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,883,348

  Geo Method

  $8,002,454

• Alternative Use

  Use

  Valuation

  Residential

  $4,105,372

  Hospitality

  $3,760,499

  Educational

  $3,128,691

  Medical

  $3,236,292

  Retail

  $4,866,853

Location Insight

City

Smyrna

County

Cobb

State

Georgia

Latitude

33.8418

Longitude

-84.5057

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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