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

    114 Devaughn Ave Montezuma, GA 31063

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $380,000

    Prime Montezuma location, 4,230 sq ft commercial space.

    Property size:
    4,230 SF

    Property Features for 114 Devaughn Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,230 SF
    Lot Size
    20,038 SF

    We can help!

    Listing Contact
    Sandra Wall

    Listing Agency: COLDWELL BANKER FREE REALTY Listing Agent: Sandra Wall

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 114 DeVaughn Avenue in Montezuma, Georgia, presents a significant investment opportunity. The building boasts a substantial 4,230 square feet of versatile space, ideal for a variety of commercial uses. Situated on a 0.46-acre lot, the property offers ample room for expansion, parking, or outdoor activities. The asking price is $380,000, representing a compelling value for a property of this size and location in Montezuma. The building's interior layout is adaptable to suit diverse business needs, providing flexibility for future tenants or owners. Its strategic location within Montezuma offers excellent visibility and accessibility, ensuring convenient access for customers and employees. The property's substantial size and prime location make it an attractive prospect for businesses seeking to establish or expand their operations in a thriving community. Serious inquiries are encouraged to explore the potential of this exceptional commercial property and its significant return on investment. Further details regarding the property's zoning and potential uses are available upon request. Don't miss this chance to acquire a valuable asset in the heart of Montezuma.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita Montezuma Dialysis Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montezuma
    County
    Macon County
    State
    Georgia
    Longitude
    -84.03029
    Latitude
    32.29593

    Nearby Similar for Sale

    • $200,000
      2,521 SF

      Versatile Commercial Building in Montezuma

      Spacious commercial building with flexible layout and potential for multiple businesses.
      309 Engram St, Montezuma, GA 31063
      View Details
    • $79,500
      4,688 SF

      Downtown Montezuma Retail/Office Space

      Retail or office space in downtown Montezuma, Georgia.
      206 S Dooly St, Montezuma, GA 31063
      View Details
    • $89,500
      1,955 SF

      Downtown Montezuma Retail/Office Building

      Retail or office building in downtown Montezuma, Georgia.
      208 S Dooly St, Montezuma, GA 31063
      View Details
    • $79,500
      4,688 SF

      Downtown Montezuma Storefront Property

      Storefront property in downtown Montezuma with large display windows.
      206A S Dooly St, Montezuma, GA 31063
      View Details
    • $89,500
      1,700 SF

      Montezuma Retail/Office Space For Sale

      Downtown retail or office space with large display windows.
      208 S Dooly St, Montezuma, GA 31063
      View Details
    • $365,000
      4,230 SF

      Versatile Commercial Building with Ample Parking

      4230 SF commercial building with parking on a 0.46-acre corner lot.
      114 Devaughn Ave, Montezuma, GA 31063
      View Details
    • $380,000
      4,230 SF

      Montezuma Office Building for Sale

      Prime Macon County commercial property, vacant & ready.
      114 Devaughn Ave, Montezuma, GA 31063
      View Details
    • $68,000
      1,980 SF

      Montezuma Office Building - Great Potential

      Versatile office building, 1980 sq ft, .46 acres.
      301 Spaulding Rd, Montezuma, GA 31063
      View Details
    • $365,000

      Versatile Commercial Building with Upside

      4230 SF commercial building in great condition with ample parking.
      114 Devaughn Ave, Montezuma, GA 31063
      View Details
    • $85,000
      1,200 SF

      Montezuma Office Building Investment

      Prime Location, High Traffic, Move-In Ready
      305 Spaulding Rd, Montezuma, GA 31063
      View Details
    • $70,000
      1 SF

      Prime Montezuma Commercial Corner Lot

      Restaurant Space, Metal Roof, 0.52 Acres
      129 Cherry St, Montezuma, GA 31063
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Montezuma location, 4,230 sq ft commercial space.
    Where is this commercial real estate located?
    The property is located at 114 Devaughn Ave Montezuma, GA.
    What is the asking price?
    The asking price for this property is $380,000.
    Request Owner's contact information
    114 Devaughn Ave Montezuma, GA 31063
    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.
    114 Devaughn Ave
    Montezuma, GA 31063
    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
    114 Devaughn Ave Montezuma, GA 31063
    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

    We can help!
    Listing Contact
    Sandra Wall
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!