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    1229 Battlefield Pkwy, Fort Oglethorpe, GA 30742

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    Retail space in a high-traffic Fort Oglethorpe location.

    Type:Retail
    Property size:
    1,800 SF
    Added:
    May 15, 2024
    Days on Market:
    738
    Last Refresh:
    May 12 at 9:00 pm

    Property Features for 1229 Battlefield Pkwy

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1229 Battlefield Pkwy Contact us

    1225 Battelfield Pkwy $18/Mo

    Size
    2,400 SF
    Type
    Retail
    Prime location available on 2A, Battlefield Parkway, Fort Oglethorpe GA
    Contact us

    We can help!

    Listing Contact
    Sonny Punjani

    Listing agent Sonny Punjani

    Listing office United Real Estate Experts

    Listing date May 15, 2024

    Source Crexi

    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 United Real Estate Experts

    HighLights

    • Prime location in the heart of Fort Oglethorpe, GA, at a busy intersection with high visibility next to major retailers.
    • Located in a rapidly growing and prospering commercial area with new businesses.
    • Versatile space suitable for a wide range of businesses.
    • Total of 2400 sq ft of space (600 sq ft on ground floor and 1800 sq. ft. on 1st floor).
    • Unlimited business opportunities due to the location's high traffic and commercial activity.
    • Located next to Boost Mobile (old Batting cages Building).

    Overview

    Located in the heart of Fort Oglethorpe, Georgia, this retail space offers a strategic location next to Boost Mobile, formerly the old Batting Cages Building. Situated at the intersection of McDonald's, Walgreens, Steak & Shake, and the new Neighborhood Walmart, the property benefits from high visibility and accessibility. The available space includes 600 square feet on the ground floor and 1800 square feet on the first floor. The area is experiencing growth and prosperity, with new businesses such as Buffalo Wild Wings, Jacks, and Marshall’s establishing a presence. This location is suitable for various business ventures, including a retail showroom, food franchise, doctor's office, cell phone repair store, gift shop, ice cream parlor, nail spa, beauty supplies, liquor store, real estate office, title lending, auto parts store, smoothies store, office space, or tutoring business.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Oglethorpe
    County
    Catoosa
    State
    Georgia
    Longitude
    -85.243799
    Latitude
    34.952603

    Nearby Similar for Lease

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      Retail Space in Parkway Village

      Retail space available in busy shopping center.
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      Retail Space Near Major Retailers

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      1,724 SF

      Retail Space in Fort Oglethorpe

      Retail space available in a busy Fort Oglethorpe location.
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      Downtown Fort Oglethorpe Quartermaster Building

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      Battlefield Centre Retail Space Available

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      12,256 SF

      Battlefield Parkway Retail Opportunity

      Retail space available on high-traffic Battlefield Parkway.
      731 Battlefield Pkwy, Fort Oglethorpe, GA 30742
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    FAQs

    What type of property is this?
    Retail space - Retail space in a high-traffic Fort Oglethorpe location.
    Where is this retail space located?
    The property is located at 1229 Battlefield Pkwy Fort Oglethorpe, GA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Fort Oglethorpe, GA, at a busy intersection with high visibility next to major retailers.; Located in a rapidly growing and prospering commercial area with new businesses.; Versatile space suitable for a wide range of businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sonny Punjani
    Learn More
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    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
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