5788 Fairburn RdDouglasville, GA 30134

Property Details for 5788 Fairburn Rd

Year built

1988

Construction

STEEL FRAME

Lot size

0.50 AC

Property size (Sq ft)

5,500 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

0052-01-5- -00029

APU

5201500029

Description

This exceptional 5,500-square-foot commercial property, located at 5788 Fairburn Road in Douglasville, Georgia, presents a compelling investment opportunity. Boasting a prime location on Highway 92, this Class B building enjoys high visibility on a busy corridor with over 30,000 daily vehicles passing by, according to GDOT traffic counts. The property features a versatile open floor plan, ideal for a variety of uses including QSR/fast food, medical office, or executive office space. The building includes a reception area with ample natural light from numerous windows, two restrooms, a break room, a supply room, and a garage bay with both roll-up and walk-through doors. Ample parking is available with 15 spaces, including one handicap-accessible space, and additional parking expansion potential in the rear. The 0.44-acre lot is zoned CG, offering flexibility for future development. Built in 1988, this single-tenant property is currently available for a gross lease, commencing August 2nd, 2024, and expiring September 30th, 2026. The asking price is $750,000, representing a 5.5% cap rate with a current NOI of $5,225. Its convenient location is within 1.5 miles of the Douglas County Courthouse, Jail, Convention Center, Hospital, and downtown, and is also near a mall and Lionsgate movie studios, providing easy access to I-20. The property's previous uses include food service, art shop, retail, and medical, showcasing its adaptability to diverse business needs. Permanent signage is in place. Credit-rated tenants are preferred.

• CAP approach

  CAP return

  Valuation

  6%

  $1,066,345

  6.5%

  $984,318

  7%

  $914,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $934,846

  Geo Method

  $1,072,830

• Alternative Use

  Use

  Valuation

  Residential

  $1,220,555

  Hospitality

  $1,118,022

  Educational

  $930,181

  Medical

  $962,171

  Retail

  $1,446,948

Location Insight

City

Douglasville

County

Douglas

State

Georgia

Latitude

33.7507

Longitude

-84.7236

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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