Listed by Apex Asset Management
$1,290,000
Smoke Rise Plaza
Details
Property Type Office, Retail
Sub Type Storefront, Medical Office
Square Footage 5,250
Net Rentable (SqFt) 5,250
Units 3
Cap Rate 6.37%
NOI $82,237
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.15%
Pro-Forma NOI $105,143
Price per SqFt $246
Class B
Year Built 1976
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.950
Zoning NRC
Parking Spaces 9.60 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit Franchisee
Occupancy Date 09/01/2020
Ground Lease No
$1.29M, 3-unit 5,250 SF Neighborhood Center For Sale
Marketing description
- 23.9% NOI Upside: Subject property features rents significantly below submarket averages, providing a clear path to immediate value-add stabilization.
- 100% Occupancy | NNN Leases: A stabilized, diversified neighborhood center with a historically high retention rate and "hands-off" management structure.
- Elite Smoke Rise Demographics: Ideally situated within an affluent enclave boasting a $184,128 Average HH Income and a $503,390 Median Home Value
Investment highlights
- GLA: 5,250 SF
- CAP Rate: 6.37%
- Price/SF: $246
- Units: 3
- Land Area: 0.95 ACRES
- Occupancy: 100%
- WALT: 3.26 years
- In-place Stabilized NOI: $82,237
- Market Stabilized NOI: $105,143
Listing Contacts
Listed by Apex Asset Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,237.00
$6,853.08/mo
Valuation Metrics
0
DSCR
6.37%
Cap Rate
6.37%
ROI
Map
Zoning
NS CommercialNeighborhood CommercialNeighborhood Shopping
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View all 267 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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