Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Business Park Title is generated by Realmo AI

    1040 Thomas Avenue, Watkinsville, GA 30677

    View on Map
    Claim this Listing
    For Sale
    $250,000

    One-acre commercial land parcel in Lampkin Branch Business Park.

    Type:Commercial
    Lot size:
    1.00 Acre
    Added:
    Aug 17, 2023
    Days on Market:
    1025
    Last Refresh:
    May 10 at 9:21 pm

    Property Features for 1040 Thomas Avenue

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Paul Thaxton

    Listing agent Paul Thaxton License #418349

    Listing office Coldwell Banker Upchurch Realty

    Listing date Aug 17, 2023

    Source Corcoran

    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 Coldwell Banker Upchurch Realty

    HighLights

    • Zoned O‑B‑P (Office, Business, Professional)
    • All utilities available
    • Located in Lampkin Branch Business Park
    • Convenient to Highways 441, 316, and Loop 10
    • Adjacent to Highway 441
    • Close proximity to Butlers Crossing and Wire Park development

    Overview

    This one-acre parcel is zoned O-B-P and has all utilities available. It is located in Lampkin Branch Business Park, with convenient access to Highways 441 and Watkinsville. The property is adjacent to Highway 441 and offers convenient access to Highway 316 and Loop 10. Situated 2 miles from Butlers Crossing, it is also a short drive to the new Wire Park development. Businesses in the Lampkin Branch Park include National EMS, Athens Dermatology Group, and Georgia Elite Gymnastics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office 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
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.4206
    Latitude
    33.8764

    Nearby Similar for Sale

    • $995,000
      5,902 SF

      Medical Office Space For Sale

      Located in Windridge Office Park, ideal for medical practice.
      1618 Mars Hill Road, Watkinsville, GA 30677
      View Details
    • $375,000
      1,401 SF

      Watkinsville Retail Space For Sale

      Retail space in Market Center with high ceilings and natural light.
      1431 Capital Avenue #107, Watkinsville, GA 30677
      View Details
    • $375,000
      1,401 SF

      Watkinsville Retail Space For Sale

      Retail space in Market Center with high ceilings and natural light.
      1431 Capital Avenue, Watkinsville, GA 30677
      View Details
    • $375,000
      1,401 SF

      Watkinsville Retail Space For Sale

      Retail space in Market Center with natural light and high ceilings.
      1431 Capital Avenue #107, Watkinsville, GA 30677
      View Details
    • $375,000
      1,401 SF

      Retail Space in Market Center

      Retail space in Market Center with high ceilings and natural light.
      1431 Capital Avenue, Watkinsville, GA 30677
      View Details
    • $800,000
      784 SF

      Land with Large Barn and Creeks

      Rural acreage in Oconee County with a 40' x 60' barn, additional outbuildings, and creeks on two sides.
      1455 Tappan Spur Road, Watkinsville, GA 30677
      View Details
    • $7,500,000

      Watkinsville Land For Sale

      5.3+/- acres zoned for mixed-use development in Watkinsville, GA.
      Harris Lane, Watkinsville, GA 30677
      View Details
    • $800,000

      Equestrian Farm Land with Barns

      15+ acre property with creeks on two sides and a large barn plus outbuildings for storage or livestock use.
      1455 Tappan Spur Road, Watkinsville, GA 30677
      View Details
    • $4,300,000
      2,310 SF

      Corner Gas Station with Underground Tanks

      Signalized corner parcel with active diesel infrastructure and visibility for fuel, food, automotive, retail, or redevelopment.
      4500 Monroe Highway, Watkinsville, GA 30677
      View Details
    • $285,000

      Watkinsville Acreage with Horse Stable

      Agricultural zoned land with horse stable near Watkinsville, Georgia.
      1135 Burger, Watkinsville, GA 30677
      View Details
    • $854,000
      5,000 SF

      Watkinsville Commercial Build-to-Suit Opportunity

      5,000 SF build-to-suit commercial space in Watkinsville, GA.
      2053 Experiment Station Road, Watkinsville, GA 30677
      View Details
    • $354,000

      Watkinsville Land with Equine Amenities

      3.1 acres with barn ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre commercial land parcel in Lampkin Branch Business Park.
    Where is this commercial land located?
    The property is located at 1040 Thomas Avenue Watkinsville, GA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Zoned O‑B‑P (Office, Business, Professional); All utilities available; Located in Lampkin Branch Business Park
    (706) 543-4000
    We can help!
    Listing Contact
    Paul Thaxton
    Real Estate License ID: 418349
    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

    Thank You for Inquiry
    1040 Thomas Avenue, Watkinsville, GA 30677
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!