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

    0 Highway 129 S Cleveland, GA 30528

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Corner commercial land with high visibility and traffic.

    Type:General Commercial
    Added:
    Jul 8, 2024
    Days on Market:
    655
    Last Refresh:
    Apr 1 at 8:33 pm

    Property Features for 0 Highway 129 S

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    Porter Williams Team

    Listing agent Porter Williams Team

    Listing office BHHS Georgia Properties

    Listing date Jul 8, 2024

    Source Xome

    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 BHHS Georgia Properties

    Overview

    Corner Tract on Highway 129

    This corner tract is located at the intersection of US Highway 129 and Westmoreland Road. A stop light is already in place. The property is situated across from a newer elementary school. It features commercial zoning and high visibility on a busy and growing corridor with significant traffic traveling between Gainesville and Cleveland. The seller owns multiple tracts being sold together and would consider subdividing some portions of the property. While the seller prefers a long-term land lease, they are also willing to sell.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cleveland
    County
    White
    State
    Georgia
    Longitude
    -83.742118
    Latitude
    34.643987

    Nearby Similar for Sale

    • $299,000
      2,540 SF

      Downtown Cleveland Brick Office Building

      Circa 1920 brick office building with B1 zoning.
      60 S Main Street, Cleveland, GA 30528
      View Details
    • $850,000
      1,204 SF

      Income-Producing Commercial Property with Residences

      Commercial property with rental homes, billboard, and expansion potential.
      54 Bakeshop Lane, Cleveland, GA 30528
      View Details
    • $299,000

      North Georgia Mountain View Land

      8-acre property near Helen, GA, with commercial and residential potential.
      4092 Helen HWY, Cleveland, GA 30528
      View Details
    • $350,000

      6.37 Acres Commercial Land

      Two adjoining parcels zoned C1 near Appalachian Parkway.
      Tom Hunt Road, Cleveland, GA 30528
      View Details
    • $175,000

      Corner Lot Acreage Opportunity

      2.03 acre corner lot with road frontage in Cleveland.
      Highway 255, Cleveland, GA 30528
      View Details
    • $299,000

      Versatile Land Near Helen, Georgia

      8 acres with commercial potential and mountain views.
      4092 Helen Highway, Cleveland, GA 30528
      View Details
    • $105,000

      Land in Wine Country

      2.65 acres near wineries with creek and utilities.
      Adair Mill, Cleveland, GA 30528
      View Details
    • $649,999
      2,520 SF

      Prime Commercial Land Opportunity

      Exceptional commercial land in a desirable, fast-growing area.
      416 Helen Highway, Cleveland, GA 30528
      View Details
    • $280,000

      Duplex Cabin in White County

      Income-producing duplex cabin with recent upgrades and community pool.
      44 Acorn Trail, Cleveland, GA 30528
      View Details
    • $110,000

      Cleveland, GA Homesite with Views

      3.29-acre homesite in Cleveland, GA with mountain views.
      Mill Trace Court, Cleveland, GA 30528
      View Details
    • $124,000

      Lakefront Homesite in Gated Community

      1.62-acre lakefront property with sunset and mountain views.
      waterside trail, 102, Cleveland, GA 30528
      View Details
    • $110,000

      Residential Land in Cleveland, Georgia

      3.29-acre homesite with mountain views and creek.
      Mill Trace Court, Cleveland, GA 30528
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner commercial land with high visibility and traffic.
    Where is this commercial land located?
    The property is located at 0 Highway 129 S Cleveland, GA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: **Corner lot at the intersection of US Hwy 129 and Westmoreland Rd**; Commercial zoning allows for various business opportunities.; Stop light in place for easy access.
    (770) 536-3007
    We can help!
    Listing Contact
    Porter Williams Team
    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!