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    The Largest CRE Database in the US with Over 1 Million Listings

    109 Gasque Dr, Unit 2 Lafayette, GA 30728

    Sponsored
    For Sale
    $1,635,000

    COMMERCIAL - Lafayette, GA

    Property size:
    25,000 SF
    Lot size:
    1.45 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 30 at 11:06 am

    Property Features for 109 Gasque Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1069 017
    Parking features
    Secured, Covered, Parking Lot
    Size
    25,000 SF
    Lot size
    1.45 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2005
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Tanner Heyer

    Jackson Realty (706) 639-4663

    Listing agent Tanner Heyer (706) 639-4663

    Listing date Jan 29, 2026

    MLS# 10672709

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Warehouse/Hangar Investment Opportunity Near Airport

    Located adjacent to Barwick-LaFayette Airport, this investment opportunity includes two red-iron warehouse/hangars totaling 25,000 square feet of indoor space on 1.45 acres of industrial-zoned real property. The property is located directly on the taxiway, 1500 feet from the airport runway, and is surrounded by private hangars, mixed-use properties, and the City of LaFayette Golf Course. 109 Gasque Drive includes a 15,000 square foot warehouse/hangar with a 22 ft. eave height on 0.79 acres. It is currently occupied by "Premier RV & Boat Indoor Storage". The indoor storage business conveys with the sale and provides immediate cash-flow and growth potential, currently producing $6000 per month in gross income with 18 marked parking spots. The building provides adequate space to re-configure the storage layout and increase revenue. If the buyer does not wish to have the storage business convey, this property could be used for personal, business, or corporate hangar space, industrial use, or other mixed-use models. Three-phase power is available along with public utilities including natural gas, water, and sewer. 106 Gasque Drive includes a 10,000 square foot warehouse/hangar with a 14 ft. eave height on a 0.66 acre lot. It is ideal for private, personal hangar space. This property is suitable for a rare investment opportunity, personal or corporate hanger space, or mixed-use real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier RV & Boat ... Rv Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Department Store HVAC Service Storage Facility Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Storage on Main, Premier RV & Boat Indoor Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Walker
    State
    Georgia
    Longitude
    -85.285019
    Latitude
    34.685036

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    FAQs

    What type of property is this?
    Warehouse - Two warehouses totaling 25,000 SF with income-producing RV/boat storage business.
    Where is this warehouse located?
    The property is located at 109 Gasque Dr, Unit 2 Lafayette, GA.
    What is the asking price?
    The asking price for this property is $1,635,000.
    What are key features of this property?
    This property features: - Thriving indoor RV & Boat Storage Business included, providing immediate cash flow ($6000/month gross) and growth potential.; - Prime location directly on the taxiway of Barwick-LaFayette Airport, only 1500+- FT from the runway.; - Two red-iron warehouse/hangars totaling **25,000 SQ FT** of indoor space on 1.45+- acres of industrial-zoned real property.
    (423) 315-3721
    Request Owner's contact information
    109 Gasque Dr, Unit 2 Lafayette, GA 30728
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    Lafayette, GA 30728
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Gasque Dr, Unit 2 Lafayette, GA 30728
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    We can help!
    Listing Contact
    Tanner Heyer
    Real Estate License ID: 359310
    (423) 315-3721
    Learn more
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