Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1180 Greensboro Hwy Watkinsville, GA 30677

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,200,000

    17-acre commercial land in Watkinsville, development-ready with utilities.

    Lot size:
    16.99 Acres

    Property Features for 1180 Greensboro Hwy

    General Information

    Lot size
    16.99 Acres

    We can help!

    Listing Contact
    Brian Elrod, Ccim
    Source: Naiglobal

    Listing Agency: NAI Elrod Group Listing Agent: Brian Elrod, Ccim

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

    Learn more

    Overview

    Watkinsville Commercial Land Opportunity

    This 17-acre commercial land opportunity is located within the city limits of Watkinsville. The site offers water and sewer access, making it development-ready. Zoned Corridor Commercial, the property accommodates various uses, including large-scale retail, convenience stores, restaurants, and light industrial. Watkinsville, the county seat of Oconee County, is a rapidly growing community. Within a 5-mile radius, the city provides shopping, dining, medical facilities, and mixed-use developments like Wire Park. The area offers access to local Athens hospitals, GA 316, and Highway 78, and is approximately 10 miles from Downtown Athens and the University of Georgia. The property is near Downtown Watkinsville and the Wire Park mixed-use development. It is a high-visibility site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.402592
    Latitude
    33.855107

    Nearby Similar for Sale

    • $1,440,000
      9,000 SF

      Watkinsville Commercial Building For Sale

      9,000 SF commercial building with flexible layout in Oconee County.
      1052 Moreland Heights Rd, Watkinsville, GA 30677
      View Details
    • New
      Contact for pricing
      3,400 SF

      Watkinsville Warehouse/Flex Space Available

      Warehouse/flex space in Watkinsville, GA, with showroom and roll-up doors.
      1071 Jamestown Blvd #E1, Watkinsville, GA 30677
      View Details
    • New
      Contact for pricing
      3,400 SF

      Watkinsville Warehouse/Flex Space Available

      Warehouse/flex space with showroom and roll-up doors in Watkinsville, GA.
      1071 Jamestown Blvd #E1, Watkinsville, GA 30677
      View Details
    • $2,950,000
      6.00 Acres

      Mixed-Use Complex in Watkinsville, GA

      6-acre mixed-use complex with development in place.
      2411 Hog Mountain Rd, Watkinsville, GA 30677
      View Details
    • $680,000
      4,840 SF

      Watkinsville Multifamily Investment Opportunity

      Multifamily property in a sought-after location with immediate income.
      1020 Deni Ct, Watkinsville, GA 30677
      View Details
    • $680,000
      1.42 Acres

      Multifamily Investment in Watkinsville, GA

      Multifamily property with immediate income potential in a desirable location.
      1020 Deni Ct, Watkinsville, GA 30677
      View Details
    • $450,000
      2,872 SF

      Watkinsville Duplex: Investor Opportunity

      Duplex in Oconee County with long-term upside potential.
      160 V F W Dr, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

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

      Resource Valley Office Building

      Office unit in Resource Valley, Athens' Premier Office complex.
      1551 Jennings Mill Rd, Watkinsville, GA 30677
      View Details
    • Contact for pricing

      New Oconee County Professional Building

      High-quality office development in the heart of Oconee County.
      1024 12 Oaks Dr, Watkinsville, GA 30677
      View Details
    • $355,000

      Equine Property in Broadlands Neighborhood

      3.1 acre equine property ready for your dream home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $635,000
      2,798 SF

      Watkinsville Home with Vast Pasture

      Idyllic property near downtown Watkinsville with a spacious house and pasture.
      2750 Colham Ferry Rd, Watkinsville, GA 30677
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17-acre commercial land in Watkinsville, development-ready with utilities.
    Where is this commercial land located?
    The property is located at 1180 Greensboro Hwy Watkinsville, GA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - 17+ acre development-ready commercial land with high visibility; - Zoned Corridor Commercial, allowing for diverse uses such as retail, restaurants, and light industrial; - Water and sewer access available on-site
    (706) 553-1000
    Request Owner's contact information
    1180 Greensboro Hwy Watkinsville, GA 30677
    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.
    1180 Greensboro Hwy
    Watkinsville, GA 30677
    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
    1180 Greensboro Hwy Watkinsville, GA 30677
    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
    Brian Elrod, Ccim
    Real Estate License ID: #251606
    (706) 553-1000 (678) 859-6110
    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!