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

    1040 Park Ct, Unit B4 Greensboro, GA 30642

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    1200 SF garage unit suitable for various uses.

    Lot size:
    0.03 Acres

    Property Features for 1040 Park Ct

    General Information

    Standard status
    Active
    Lot size
    0.03 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Ashley Goodroe
    Ashley Goodroe
    Source: Corcoran

    Listing Agency: eXp Realty Listing Agent: Ashley Goodroe

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

    Learn more

    Overview

    Luxury Garage Unit For Sale

    This 1200 SF garage unit is located off Highway 44 in Greensboro, GA. It is part of a luxury garage development and is available for sale. The unit is fee-simple and low maintenance, offering flexibility for various uses, such as a personal storage, man-cave, diva den, she-shed, or business storage. The unit has an 18-20.5' ceiling height, suitable for storing a large RV/motorhome, boat, or holiday decorations. It can also be used to display memorabilia, host game nights, or work on a custom car. The unit is 22' X 54.5' and includes HVAC, LED industrial lighting, a 125 AMP service panel, a 12' X 14' motorized garage door, a pedestrian door with transom window, a restroom with toilet and lavatory with faucet, floor drains in the restroom, and an industrial floor sink. After closing, the unit can be customized with upgrades including cabinetry, flooring, mezzanines, and security systems.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.265951
    Latitude
    33.478213

    Nearby Similar for Sale

    • $499,000
      9,301 SF

      Greensboro Commercial Building on Two Acres

      6,133 SF brick building with additional modular office space.
      504 Martin Luther King Dr, Greensboro, GA 30642
      View Details
    • $499,000
      9,301 SF

      Greensboro Commercial Building on Two Acres

      Versatile 9,301 SF commercial property near historic downtown Greensboro.
      504 Martin Luther King Dr, Greensboro, GA 30642
      View Details
    • New
      $4,990,000
      50,000 SF

      Lake Oconee Village Theater Landmark

      50,000 SF theater on 4.31 acres in Lake Oconee.
      1050 Parkside Main, Greensboro, GA 30642
      View Details
    • New
      $299,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Completed garage unit with mezzanine, suitable for various uses.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • New
      $299,000
      1,200 SF

      Luxury Garage at Lake Oconee

      1200 SF garage unit with mezzanine near Highway 44.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • New
      $275,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Completed 1200 SF garage unit available for sale.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • New
      $275,000
      1,200 SF

      Luxury Garage at Lake Oconee

      Luxury garage unit perfect for storage or personal use.
      1040 Park Ct, Greensboro, GA 30642
      View Details
    • $4,990,000
      50,000 SF

      Lake Oconee Landmark Opportunity

      50,000 SF multi-use property in Lake Oconee Village.
      1050 Parkside Main, Greensboro, GA 30642
      View Details
    • $624,900
      1,952 SF

      Remodeled Townhome in Reynolds Lake

      Fully furnished 3-bedroom townhome in Reynolds Lake Oconee.
      1015 Planters Trl, Greensboro, GA 30642
      View Details
    • New
      $699,000
      2,244 SF

      Reynolds Lake Oconee Townhome Opportunity

      Unique townhome with a main unit and separate apartment.
      1025 Planters Trl, Greensboro, GA 30642
      View Details
    • New
      $795,000
      1,784 SF

      Refreshed Cottage on Golf Course

      Turnkey 3-bedroom cottage with golf course views and short-term rental potential.
      1001 Starboard Dr, Greensboro, GA 30642
      View Details
    • $1,100,000
      126.00 Acres

      Greensboro Pastureland Near Lake Oconee

      126 acres of fenced pastureland near Greensboro and Lake Oconee.
      1681 Sibley School Rd, Greensboro, GA 30642
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 1200 SF garage unit suitable for various uses.
    Where is this self storage facility located?
    The property is located at 1040 Park Ct, Unit B4 Greensboro, GA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Only completed garage unit available at Lake Oconee.; - 1200 SF fee-simple unit with **18-20.5' ceiling height** suitable for RV/boat storage or other uses.; - Includes HVAC, LED lighting, 125 AMP service, and motorized 12' X 14' garage door.
    (770) 361-7068
    Request Owner's contact information
    1040 Park Ct, Unit B4 Greensboro, GA 30642
    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.
    1040 Park Ct, Unit B4
    Greensboro, GA 30642
    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
    1040 Park Ct, Unit B4 Greensboro, GA 30642
    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
    Ashley Goodroe
    Ashley Goodroe
    Real Estate License ID: 300836
    (770) 361-7068 (888) 959-9461 (706) 816-1112
    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!