Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2515 Slater Mill Rd Douglasville, GA 30135

    View on Map
    Sponsored
    For Sale
    $39,700

    LAND - Douglasville, GA

    Lot size:
    0.48 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 8:06 am

    Property Features for 2515 Slater Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    APN
    00790150109
    Lot size
    0.48 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Debbie Forrester

    RE/MAX Around Atlanta (404) 252-7500

    Listing agent Debbie Forrester (770) 419-1986

    Listing date Mar 19, 2026

    MLS# 10712656

    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

    Land in Douglasville, Georgia

    This 0.48-acre commercial land is located in Douglasville, Georgia. The property is situated in an intown location with proximity to I-20, shopping, a hospital, and employment opportunities. The location also offers convenient access to the airport. A stream runs along the back of the property. A plat is available for review. There are no HOA fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.707605
    Latitude
    33.736454

    Nearby Similar for Sale

    • $1,000,000
      1,452 SF

      Douglasville Commercial Property For Sale

      1.04-acre commercial property with versatile 1,452 sq ft building.
      11661 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • Contact for pricing
      5,172 SF

      Commercial Space for Lease

      Lower level commercial space available for lease in Douglasville.
      6519 Spring St, Douglasville, GA 30134
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Douglasville, Georgia.
      6519 Spring St, Douglasville, GA 30134
      View Details
    • $375,000

      Commercial Property in Douglasville, GA

      Commercial property with long-term tenant, great investment opportunity.
      6585 Spring St, Douglasville, GA 30134
      View Details
    • Contact for pricing
      5,172 SF

      Douglasville Commercial Property For Sale

      Commercial property in Douglasville, GA, suitable for business or church.
      6519 Spring St, Douglasville, GA 30134
      View Details
    • New
      $495,000
      0.80 Acres

      Turn-Key Douglasville Multi-Family Investment

      Renovated duplex and single-family home offer income potential.
      8327 Chicago Ave, Douglasville, GA 30134
      View Details
    • $425,000
      1,136 SF

      Douglasville Commercial Property For Sale

      Office space with garage in a growing Douglasville area.
      6197 Hwy 92 - Fairburn Rd, Douglasville, GA 30134
      View Details
    • $274,900
      Pending

      Douglasville Duplex: Investor Opportunity

      Charming duplex near downtown Douglasville, ideal for investors.
      8730 Bowden St, Douglasville, GA 30134
      View Details
    • $200,000
      1.05 Acres

      Cedar Log Home on Acreage

      Custom cedar log home on 1.05 acres near Douglasville.
      4926 Maroney Mill Rd, Douglasville, GA 30134
      View Details
    • $1,400,000

      Douglasville Retail/Office Building For Sale

      Two-story, 16,400 SF retail/office building with 8.5% cap rate.
      3750 West County Line Rd, Douglasville, GA 30135
      View Details
    • $279,900
      0.74 Acres

      Douglasville Multifamily Investment Opportunity

      Multifamily property in Douglasville, Georgia, suitable for investment.
      20 Roper Dr, Douglasville, GA 30135
      View Details
    • $279,900
      0.74 Acres

      Douglasville Multifamily Investment Opportunity

      Multifamily property in Douglasville, GA, ideal for investment.
      20 Roper Dr, Douglasville, GA 30135
      View Details

    FAQs

    What type of property is this?
    Commercial land - Building lot near I-20, shopping, and hospital in Douglasville.
    Where is this commercial land located?
    The property is located at 2515 Slater Mill Rd Douglasville, GA.
    What is the asking price?
    The asking price for this property is $39,700.
    What are key features of this property?
    This property features: - Excellent intown location, close to I-20, shopping, hospital, employment and airport.; - Stream along back of property offers a unique natural feature.; - No HOA fees reduces ongoing ownership costs.
    (678) 388-1110
    Request Owner's contact information
    2515 Slater Mill Rd Douglasville, GA 30135
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 Slater Mill Rd
    Douglasville, GA 30135
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2515 Slater Mill Rd Douglasville, GA 30135
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Debbie Forrester
    Real Estate License ID: 168939
    (678) 388-1110 (770) 419-1986 (404) 252-7500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!