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    Value-Add Office Building Opportunity Title is generated by Realmo AI

    103 Ralph Quarterman Drive, Hinesville, GA 31313

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    Picture of Office buildings at 103 Ralph Quarterman Drive, Hinesville, GA
    For Sale
    $1,390,000

    COMMERCIAL - Hinesville, GA

    Property size:
    4,744 SF
    Lot size:
    2.87 Acres
    Price / SF:
    $293/SF
    Added:
    Dec 5, 2025
    Days on Market:
    182
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 103 Ralph Quarterman Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    058C 154 TRACT 1 & 1A, 058C102 TRACT 3, 058C161 TR
    Size
    4,744 SF
    Lot size
    2.87 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    4968

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1977
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Daveeda Marie Coleman

    Listing agent Daveeda Marie Coleman License #419477

    Listing office Fathom Realty GA, LLC 1025 Rose Creek Dr Ste 620-329, Atlannta, GA

    Listing date Dec 5, 2025

    MLS# 10655751

    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.

    HighLights

    • Four separate parcels (two with active public water and public sewer, and two with availability)
    • Zoned C3 with commercial flexibility by right/conditional
    • Built in 1977 with wood siding construction materials
    • Central heating and electric heating, plus central air with electric cooling
    • Parking lot onsite
    • Located on S. Main Street between two 4‑lane roads, including West Oglethorpe Highway (Hwy 84)

    Overview

    This office building is offered for sale as-is and is positioned for value-add ownership with commercial flexibility supported by C3 zoning, including conditional options as applicable. The offering includes four separate parcels, two of which have active public water and sewer service, while the other two have availability, supporting a range of redevelopment, expansion, or operational plans. A key part of the value proposition is the ability to adapt the site under the property’s zoning framework.

    The property is located at 103 Ralph Quarterman Drive in Hinesville, Georgia, and benefits from planned area improvements and roadway access. It sits between two four-lane roads, with S. Main Street expansion underway nearby and West Oglethorpe Highway/Hwy 84 providing additional connectivity. The site’s setting among well-established corporations is intended to support long-term appreciation for strategic investors.

    For owner-users and investors, this configuration can align with tenants or operational needs that require flexible commercial zoning and the ability to phase improvements across multiple parcels. The mix of utilities and parcel separation offers a practical foundation for value-add strategies, while the location’s accessibility and surrounding commercial environment are designed to support enduring demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    G & B's Treasures Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hinesville
    County
    Liberty
    State
    Georgia
    Longitude
    -81.604019
    Latitude
    31.819823

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    FAQs

    What type of property is this?
    Office building - Sold as-is with C3 zoning flexibility across four parcels, including water and sewer for expanded investor or owner-user options.
    Where is this office building located?
    The property is located at 103 Ralph Quarterman Drive Hinesville, GA.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: Four separate parcels (two with active public water and public sewer, and two with availability); Zoned C3 with commercial flexibility by right/conditional; Built in 1977 with wood siding construction materials
    (912) 326-0023
    We can help!
    Listing Contact
    Daveeda Marie Coleman
    Real Estate License ID: 419477
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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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