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

    Ga Hwy 0116 West Point, GA 31833

    Sponsored
    For Sale
    $997,000

    COMMERCIAL - West Point, GA

    Lot size:
    13.50 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 1 at 10:06 pm

    Property Features for Ga Hwy 0116

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    C
    APN
    026 011
    Lot size
    13.50 Acres

    Utilities

    Utilities
    Electricity Available

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Jamie And Terri Griffis Team

    1827 Real Estate LLC (706) 505-1005

    Listing agent Jamie And Terri Griffis Team (706) 315-2779

    Listing date Jan 15, 2026

    MLS# 223728

    Copyright © 2026 Columbus Board of Realtors (GA). 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

    Prime Commercial Land, West Point

    This commercial land is located at the northwest corner of Exit 25 on I-185, at the intersection of Highway 219/103/116. Situated in Harris County, Georgia, the property is approximately 15 minutes from both the Columbus area and West Point. The location experiences heavy traffic due to its proximity to Kia, its suppliers, and employees using Highway 103 to access I-185. Highway 103 serves as the main connection between I-85 and I-185. The traffic count on Highway 116 is 4570. I-185 is heavily traveled from Atlanta to the beaches in the Florida panhandle. The property is zoned C and comprises 13.5 acres, making it suitable for development. The intended use is commercial, and the location may be ideal for various business ventures due to its high visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    West Point
    County
    Troup
    State
    Georgia
    Longitude
    -85.1832746
    Latitude
    32.8779056

    Nearby Similar for Sale

    • $799,000
      9,281 SF

      West Point Office Building

      Two-story office building in thriving West Point, Georgia.
      801 4Th Ave, West Point, GA 31833
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot near I-185, ideal for development and high traffic.
    Where is this commercial land located?
    The property is located at Ga Hwy 0116 West Point, GA.
    What is the asking price?
    The asking price for this property is $997,000.
    What are key features of this property?
    This property features: - Prime development location at the NW corner of I-185 exit 25 and Hwy 219/103/116.; - High traffic volume due to its location connecting I-85 and I-185 via Hwy 103, and I-185 traffic from Atlanta to Florida panhandle beaches.; - Proximity to Columbus and West Point (15 minutes to each).
    (706) 315-2779
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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
    Ga Hwy 0116 West Point, GA 31833
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    We can help!
    Listing Contact
    Jamie And Terri Griffis Team
    (706) 315-2779
    Learn more
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