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

    1849 Highway 138 Conyers, GA 30013

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,000

    Two adjoining commercial parcels with frontage on Highway 138.

    We can help!

    Listing Contact
    Jared Daley
    Source: Bullrealty

    Listing Agent: Jared Daley

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

    Learn more

    Property Insight Report

    Overview

    Highway 138 Commercial Land Parcels

    These two adjoining commercial parcels, totaling approximately 4 acres, feature over 600 feet of frontage on Highway 138 in Conyers. The level parcels are zoned BG (General Business District) by the City of Conyers. Traffic counts average nearly 25,000 vehicles per day. Situated on Highway 138 between Sigman Road and Eastview Parkway, the location is near Bojangles’, Waffle House, Shell, Maaco, and RaceTrac. Downtown Conyers is approximately 2.5 miles west of the property, and Interstate 20 is 2 miles south. Downtown Atlanta is 27 miles to the west.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.980416
    Latitude
    33.667637

    Nearby Similar for Sale

    • $725,000
      5,040 SF

      Versatile Commercial Office Building

      Commercial office building with potential for four suites.
      1806 Over Lake Dr SE, Conyers, GA 30013
      View Details
    • $325,000
      3,215 SF

      Conyers Commercial Property with Offices

      Spacious commercial building with offices, conference room, and ample parking.
      1902 SW Old Covington Hwy, Conyers, GA 30012
      View Details
    • $259,900
      1,410 SF

      Updated Commercial Property in Conyers

      Charming, updated commercial property in Old Towne Conyers, near I-20.
      1007 Peek St NW, Conyers, GA 30012
      View Details
    • $1,000,000
      7,000 SF

      Conyers Commercial Property For Sale

      Income-producing commercial property with high visibility and multiple rental streams.
      1128 West Ave SW, Conyers, GA 30012
      View Details
    • $749,900
      1 SF

      Commercial Property in Conyers, GA

      Commercial property for sale in Conyers, Rockdale County, Georgia.
      1691 Highway 138, Conyers, GA 30013
      View Details
    • New
      $380,000
      Pending

      Conyers Four-Sided Brick Duplex

      Well-maintained duplex with income potential in growing Conyers area.
      2609 Country Trce SE, Conyers, GA 30013
      View Details
    • New
      $380,000
      Pending

      Well-Maintained Brick Duplex in Conyers

      Four-sided brick duplex with strong income potential in growing area.
      2609 Country Trce SE, Conyers, GA 30013
      View Details
    • $2,900,000
      7,346 SF

      Conyers Adult Day Care Facility

      Turnkey adult day health care facility for sale in Conyers.
      1105 N Main St NW, Conyers, GA 30012
      View Details
    • $367,500
      1,680 SF

      Well-Maintained Brick Duplex in Conyers

      Four-sided brick duplex with income potential in growing Conyers area.
      2611 Golfview Ter SE, Conyers, GA 30013
      View Details
    • $367,500
      1,680 SF

      Well-Maintained Brick Duplex in Conyers

      Four-sided brick duplex with income potential in growing Conyers.
      2611 Golfview Ter SE, Conyers, GA 30013
      View Details
    • $3,200,000
      24,750 SF

      Versatile Commercial Property with Auditoriums

      Turnkey property with auditoriums, kitchen, and modern upgrades in Conyers.
      3777 SE Troupe Smith Rd, Conyers, GA 30094
      View Details
    • $599,000
      2.22 Acres

      Land in Conyers, Georgia

      Land available near the new City Municipal Complex.
      1110 Oakland Ave, Conyers, GA 30012
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two adjoining commercial parcels with frontage on Highway 138.
    Where is this commercial land located?
    The property is located at 1849 Highway 138 Conyers, GA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-traffic location: Over 600 feet of frontage on Highway 138 with approximately 25,000 vehicles per day.; - Large land area: Approximately 4 acres of adjoining commercial parcels.; - Favorable zoning: Zoned BG (General Business District) by the City of Conyers.
    (404) 876-1640
    Request Owner's contact information
    1849 Highway 138 Conyers, GA 30013
    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.
    1849 Highway 138
    Conyers, GA 30013
    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
    1849 Highway 138 Conyers, GA 30013
    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
    Jared Daley
    (404) 876-1640 (678) 596-8844
    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!