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

    402 Town Park Blvd Evans, GA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with excellent access and nearby retailers.

    Type:LAND
    Lot size:
    0.89 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    436
    Last Refresh:
    Apr 5 at 10:51 pm

    Property Features for 402 Town Park Blvd

    General Information

    Standard status
    Active
    Lot size
    0.89 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jonathan Crawford

    Listing agent Jonathan Crawford License #GA 383918

    Listing office Southeastern

    Listing date Feb 13, 2025

    Source Moodyscre

    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 Southeastern

    Overview

    Commercial Land Near Washington Road

    This commercially zoned land (PUD) features C-1 and P-1 zoning. It offers convenient access to Washington Road and Riverwatch Parkway. The surrounding area includes the Marshall Family YMCA, Merit Flooring, DaVita Kidney Care, Advanced Pain Management, and Takosushi. Neighboring retailers include University Health Care, CVS, Home Depot, Publix, Applebee's, and Walgreens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1346
    Latitude
    33.5297

    Nearby Similar for Sale

    • $3,500,000
      780 SF

      Evans, GA Commercial Land

      4.46 acres of commercial land on Washington Road.
      4688 Washington Road, Evans, GA 30809
      View Details
    • $435,000

      Evans, GA Land with Pond

      11.58 acres in Evans with pond and wildlife.
      Mcgahee Road, Evans, GA 30809
      View Details
    • $425,000

      Champions Retreat Golf Club Land

      Premium lot in gated golf community near top-rated schools.
      5219 Riverwood Parkway, Evans, GA 30809
      View Details
    • $148,000

      Evans, GA Lakefront Lot

      2.78-acre lot in established Canterbury subdivision, Evans, GA.
      385 Canterbury Drive, Evans, GA 30809
      View Details
    • $399,900

      Evans, GA Waterfront Acreage

      6.52 acres in Evans, GA with waterfront potential.
      1031,1041 Hardy Lake Road, Evans, GA 30809
      View Details
    • $159,900

      Evans, GA Commercial Lot

      Commercial lot in Evans medical district, suitable for various uses.
      801 Swindell Court, Evans, GA 30809
      View Details
    • $650,000

      Evans, GA Land Opportunity

      Cleared 3.74-acre site suitable for office, warehouse, or special uses.
      Wheeler Road, Evans, GA 30809
      View Details
    • $175,000

      Evans Estate Lot with Creek

      Rare 1.6-acre estate lot in a private, quiet neighborhood.
      4724 Canterbury Lane, Evans, GA 30809
      View Details
    • $1,750,000

      Evans, GA Riverfront Acreage

      10.67 acres with river frontage and barndominium in Evans, GA.
      4111 RIVERMONT Drive, Evans, GA 30809
      View Details
    • $170,000

      Evans, GA Land For Sale

      Two parcels totaling 10.85 acres in Evans, GA.
      4979 Hardy Mcmanus Road, Evans, GA 30809
      View Details
    • $290,000

      Evans, GA Land For Sale

      1.22 acre commercial land parcel in Evans, Georgia.
      245 N Belair Road, Evans, GA 30809
      View Details
    • $695,000

      Riverfront Lot in Columbia County

      Residential land for sale in Evans, Georgia.
      4203 ASCOT Court, Evans, GA 30809
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with excellent access and nearby retailers.
    Where is this commercial land located?
    The property is located at 402 Town Park Blvd Evans, GA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Zoned commercial (PUD) with C‑1 and P‑1 zoning.; Great access to Washington Road and Riverwatch Parkway.; High‑traffic location with many neighboring retailers including University Health Care, CVS, Home Depot, Publix, Applebees, and Walgreens.
    (706) 833-3585 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Crawford
    Real Estate License ID: GA 383918
    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!