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    Retail Development Site in LaGrange Title is generated by Realmo AI

    1 Youngs Mill Rd, Lagrange, GA 30241

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    1.6522 acre retail development site in LaGrange, Georgia.

    Type:Land
    Lot size:
    1.65 Acres
    Added:
    Jun 6, 2023
    Days on Market:
    1094
    Last Refresh:
    May 13 at 8:24 pm

    Property Features for 1 Youngs Mill Rd

    General Information

    Standard status
    Active
    Lot size
    1.65 Acres
    Property subtype
    Land

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    Listing Contact
    Jason Stewart

    Listing agent Jason Stewart License #GA 284222

    Listing office Mack Reynolds Realty LLC La Grange

    Listing date Jun 6, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mack Reynolds Realty LLC La Grange

    HighLights

    • Prime retail development site of 1.6522 acres in LaGrange, GA.
    • Excellent access and visibility on Commerce Avenue (16,500 VPD), Hogansville Road (11,200 VPD), and Youngs Mill Road (5,260 VPD).
    • Located in a primary retail corridor with 2.3 MSF of retail, 1.9 MSF of industrial, and 2,608 multifamily units within a 3‑mile radius.
    • Surrounded by major retailers including Kroger, Harbor Freight Tools, Publix, Walmart Supercenter, Home Depot, and Aldi.
    • Close proximity to key traffic drivers such as LaGrange High School, LaGrange College, Great Wolf Lodge, and WellStar West Georgia Medical Center.
    • Strong demographics with a population of 39,333 and an average household income of $57,523 within a 5‑mile radius.

    Overview

    This 1.6522-acre retail development site is located in LaGrange, Georgia, the principal city of the LaGrange, GA Micropolitan Statistical Area. The property benefits from excellent access and visibility along Commerce Avenue, Hogansville Road and Youngs Mill Road. The site is situated across from Goodwill, AutoZone, Enterprise Rent-A-Car, Aaron’s, and Shell, and is directly adjacent to the Commerce Square & Commerce Plaza shopping centers which are home to Kroger, Harbor Freight Tools, Bargain Hunt, It’s Fashion Metro, Mattress By Appointment, CATO, Boost Mobile, LaGrange Nails, Papa John’s, Great Clips, and Sally Beauty. The property is within 1 mile from a multitude of retail developments, including the Commerce Village shopping center, the LaGrange Plaza, and shopping center with Beechwood Furniture, LaGrange Home Center, Planet Fitness, Chick-fil-A, and Krystal. The site benefits from its position within one of LaGrange’s primary retail and commercial corridor with 2.3 MSF of retail, 1.9 MSF of industrial, and 2,608 multifamily units within a 3-mile radius. Additional retailers in the immediate vicinity include Walmart Supercenter, Home Depot, Walmart Neighborhood Market, Aldi, Piggly Wiggly, Tractor Supply, a Toyota dealership, Farmers Home Furniture, Dollar General, Family Dollar, BB&T, Advance Auto Parts, O’Reilly Auto Parts, Napa Auto Parts, Sherwin-Williams, Mattress Firm, Walgreens, CVS, Brickhouse Grille, Karvelas Pizza, Taco Express, Roger’s Bar-B-Que, Cook Out, Wendy’s, Burger King, and Waffle House. The site is also proximate to several of the area’s main traffic drivers, including LaGrange High School, LaGrange College, LaGrange Mall, Emory Clark Holder Clinic, WellStar West Georgia Medical Center, Great Wolf Lodge, and the LaGrange Industrial Park. The development site benefits from dynamic demographics with a population of 39,333 and an average household income of $57,523 within a 5-mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.013849
    Latitude
    33.048224

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    FAQs

    What type of property is this?
    Commercial land - 1.6522 acre retail development site in LaGrange, Georgia.
    Where is this commercial land located?
    The property is located at 1 Youngs Mill Rd Lagrange, GA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime retail development site of 1.6522 acres in LaGrange, GA.; Excellent access and visibility on Commerce Avenue (16,500 VPD), Hogansville Road (11,200 VPD), and Youngs Mill Road (5,260 VPD).; Located in a primary retail corridor with 2.3 MSF of retail, 1.9 MSF of industrial, and 2,608 multifamily units within a 3‑mile radius.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Stewart
    Real Estate License ID: GA 284222
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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.

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    1 Youngs Mill Rd, LaGrange, GA 30241
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