Prime Land for
2434 & 2438 Mars Hill Rd Watkinsville, GA 30677
For Sale
$995,000
Development land suitable for office, hotel, or retail.
Property Size3,148 SF
Price / SF$316.07
Days on Market141
Property Features for 2434 & 2438 Mars Hill Rd
General Information
- Standard status
- Active
- Size
- 3,148 SF
- Property subtype
- Land
Listing Agency:
Whitworth Land Corporation
(404) 509-3543
Listed By:
Grant Whitworth · License #245927
(404) 509-3543
Source:
Whitworthland
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 23 at 5:49AM
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 Whitworth Land Corporation
Investment Insights
Based on property information with market context.
This property is suitable for an office, hotel, or retail development. The land is mostly wooded, featuring a creek along the western property line. Existing structures include a 3,148 square foot ranch home and several storage buildings. Access is available on Mars Hill Road, along with a 100-foot easement providing access to Daniels Bridge Road. The property is situated in the southeast quadrant of Daniels Bridge Road and Mars Hill Road, with a curb cut located on the recently opened four-lane Mars Hill Road. It benefits from access to both Daniels Bridge Road and Mars Hill Road in a high-growth area, making it a location for office, retail, or hotel purposes.
Key Highlights
- High growth area suitable for office, retail, or hotel development.
- Access to both Mars Hill Rd and Daniels Bridge Rd.
- Curb cut located on 4‑lane Mars Hill Rd.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $21.60 |
| − Vacancy | −$13.7k | −$4.34 |
| EGI | $54.3k | $17.26 |
| − OpEx | −$13.6k | −$4.31 |
| NOI | $40.7k | $12.94 |
3,148 SF · lease $21.60/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$582.1K
$509.3K – $679.1K
NOI $40,747 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$508.3K
$444.7K – $593.0K
NOI $35,579 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$758.9K
$664.0K – $885.4K
NOI $53,122 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Development land suitable for office, hotel, or retail.
Where is this commercial land located?
The property is located at 2434 & 2438 Mars Hill Rd Watkinsville, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High growth area suitable for office, retail, or hotel development.; Access to both Mars Hill Rd and Daniels Bridge Rd.; Curb cut located on 4‑lane Mars Hill Rd.
