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    Property profile & analytics

    532 W Jackson St Thomasville, GA 31792

    • Self service car washes
    • 1,908 SF
    • 0.36 lot acres
    For Sale
    View listing
    $265,000
    Last Sale
    Feb 11, 2021
    $165,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1151023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Self service car washes

    Property Details for 532 W Jackson St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    1,908 SF
    Zone code
    C-2
    Property type
    Self service car washes
    APN
    004 015018
    APU
    4015018

    Description

    This exceptional retail property, located at 532 W Jackson St in Thomasville, Georgia, presents a compelling investment opportunity. Priced at $315,000, this 0.36-acre lot offers significant potential for a variety of retail businesses. The property's address places it within a high-traffic area of Thomasville, ensuring excellent visibility and accessibility for customers. The building itself is a retail space, ideal for a range of commercial ventures. The property's location in Thomas County, Georgia, zip code 31792, provides easy access to local amenities and a strong customer base. Its geographic coordinates are 30.8318524 latitude and -83.9847393 longitude. This property is being offered for sale and represents a rare chance to acquire a well-situated retail space in a thriving Georgia community. The size of the lot provides ample space for potential expansion or outdoor seating, depending on the intended use. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this chance to own a piece of Thomasville's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $220,000
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $239,000
      Market price range: $89.8k - $414k
      AI Estimate
      $223,000
      Market price range: $105k - $257k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $200,000
      Current use
      OFFICE BUILDING
      $345,000
      Change: +75% Conversion: Difficult
      RETAIL STORES
      $270,000
      Change: +35% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $215,000
      Change: +9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $170,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Thomas
    State
    Georgia
    Longitude
    -83.9847
    Latitude
    30.8319
    CBSA code
    45620
    CBSA name
    THOMASVILLE, GA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,536
    $31,364
    $30,720
    $62,084
    -
    $78,410
    $76,799
    $155,209

    Comparable in this City

    • Value Estimation
      $385,000
      2,826 SF

      1720 Smith Ave

      CAR WASH - SELF-SERVE • 2,826 SF
      1720 Smith Ave, Thomasville, GA 31792-5746
      View Details
    • Value Estimation
      $375,000
      3,210 SF

      1524 Jackson St

      CAR WASH - SELF-SERVE • 3,210 SF
      1524 Jackson St, Thomasville, GA 31792-3988
      View Details
    • Value Estimation
      $4,625,000
      3,928 SF

      14431 Us Hwy 19th S

      CAR WASH - AUTOMATED • 3,928 SF
      14431 Us Hwy 19th S, Thomasville, GA 31792-5392
      View Details
    • Value Estimation
      $330,000
      2,880 SF

      315 Jackson St

      CAR WASH - AUTOMATED • 2,880 SF
      315 Jackson St, Thomasville, GA 31792-5106
      View Details
    • Value Estimation
      $2,675,000
      2,880 SF

      1411 Jackson St

      CAR WASH - AUTOMATED • 2,880 SF
      1411 Jackson St, Thomasville, GA 31792-3938
      View Details
    • Value Estimation
      $340,000
      5,800 SF

      2980 Pinetree Blvd

      CAR WASH - AUTOMATED • 5,800 SF
      2980 Pinetree Blvd, Thomasville, GA 31792-4841
      View Details

    Similar Nearby for Sale

    • New
      $265,000
      1,909 SF

      Thomasville Car Wash For Sale

      Commercial opportunity in Thomasville, currently a self-serve car wash.
      532 W Jackson St, Thomasville, GA 31792
      View Details
    • Contact for pricing
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      Thomasville Retail Center Spaces Available

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      Thomasville Commercial Property For Sale

      Commercial property in Thomasville, GA, with great potential for investors.
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      Turnkey Distillery & Brewery Opportunity

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    Similar Nearby for Lease

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      Pinetree Plaza Retail Space

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    • $12 SF/Yr
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      Retail space available in anchored shopping center with ample parking.
      15023-15125 Us Highway 19, Thomasville, GA 31792
      View Details
    • $4,800 /Mo
      77,537 SF

      Downtown Thomasville Office Building

      Two-story office building in Downtown Thomasville with flexible space.
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    • $12 SF/Yr
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      Thomasville GA Flex Space For Sale

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    • $15 SF/Yr
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      Prime Thomasville Office Building

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    Thomasville, GA 31792
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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
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