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

    74 Highway E Thomaston, GA 30286

    View on Map
    Claim this Listing
    Picture of Commercial land at 74 Highway E, Thomaston, GA
    Pending
    $320,000

    LAND - Thomaston, GA

    Lot size:
    28.00 Acres
    Added:
    Feb 4, 2024
    Days on Market:
    807
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for 74 Highway E

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Partially Wooded
    Standard status
    Pending
    APN
    057 033
    Lot size
    28.00 Acres

    Taxes and HOA fees

    Tax Year
    2016
    Tax Annual Amount
    1096

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Brent Daniel

    Listing agent Brent Daniel License #358606

    Listing office Century 21 Adams-Harvey & Associates 505 N Church Street, GA

    Listing date Feb 4, 2024

    MLS# 10268499 Listing URL

    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.

    Overview

    28 Acres on Highway 74

    This 28-acre parcel is located on Highway 74 near public schools within the city limits of Thomaston, Georgia. The property is situated in Upson County and also has access from Highway Trice Road. It is suitable for development as a shopping center, townhomes, or an apartment complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.306234
    Latitude
    32.88803

    Nearby Similar for Sale

    • $329,900
      2,848 SF

      Charming 1930s Commercial Building

      Versatile 2848 SF commercial building with ample parking.
      200 N Bethel Street, Thomaston, GA 30286
      View Details
    • $369,000
      1,356 SF

      Thomaston Commercial Building on Highway

      Commercial building on Highway 19 in Thomaston, Georgia.
      1541 N 19 Highway, Thomaston, GA 30286
      View Details
    • $599,900
      3,644 SF

      Thomaston Commercial Opportunity

      Well-located commercial building with high visibility and expansion potential.
      1412 Hwy 19 N, Thomaston, GA 30286
      View Details
    • $600,000
      2,500 SF

      Thomaston Industrial Shop with Cranes

      Industrial shop on 2 acres with overhead cranes, leased.
      Turkey Creek Road, Thomaston, GA 30286
      View Details
    • $179,000
      1,740 SF

      Charming Thomaston Commercial Building For Sale

      1,740 sq ft building with excellent potential in Thomaston, GA.
      754 S Church Street, Thomaston, GA 30286
      View Details
    • $144,900
      1,509 SF

      Thomaston Commercial Building For Sale

      Versatile commercial building near downtown Thomaston, suitable for various businesses.
      618 E Lee Street, Thomaston, GA 30286
      View Details
    • $199,900
      3,150 SF

      Thomaston Commercial Building on Highway

      Two-story, 3150 sq ft building with C-2 zoning.
      1293 S 19 Highway, Thomaston, GA 30286
      View Details
    • $1,500
      1,500 SF

      Thomaston Warehouse Space For Rent

      1500 SF warehouse space available for storage in Thomaston.
      208 B N Hightower Street, Thomaston, GA 30286
      View Details
    • $169,000
      1,550 SF

      Commercial Land in Thomaston, GA

      Two parcels offering an excellent commercial opportunity in a desirable location.
      1233 HWY 19 S, Thomaston, GA 30286
      View Details
    • $379,900

      Thomaston, GA 12-Acre Riverfront Land

      12-acre property with Flint River frontage in gated community.
      Cahaba Shoals Drive, Thomaston, GA 30286
      View Details
    • $499,900

      50+ Acre Fenced Farmland

      Livestock-ready, fenced farmland zoned AR near Thomaston Airport.
      25 Trinity Road, Thomaston, GA 30286
      View Details
    • $499,000
      2,243 SF

      Thomaston, GA Commercial Property

      Prime commercial property in a high-demand Thomaston location.
      1082 Highway 19 N, Thomaston, GA 30286
      View Details

    FAQs

    What type of property is this?
    Commercial land - 28 acres suitable for shopping, townhomes, or apartments.
    Where is this commercial land located?
    The property is located at 74 Highway E Thomaston, GA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 28 acres within city limits; Highway 74 frontage; Near public schools
    (706) 975-6150
    We can help!
    Listing Contact
    Brent Daniel
    Real Estate License ID: 358606
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!