Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    235 Cleveland Road, Bogart, GA 30622

    View on Map
    Claim this Listing
    For Sale
    $290,000

    0.88-acre commercial land parcel in Bogart, GA for sale.

    Type:Land / Industrial
    Lot size:
    0.88 Acres
    Added:
    Nov 14, 2024
    Days on Market:
    563
    Last Refresh:
    Mar 13 at 12:25 pm

    Property Features for 235 Cleveland Road

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres
    Property subtype
    Land / Industrial

    We can help!

    Listing Contact
    Lourdes Bartlett

    Listing agent Lourdes Bartlett License #423616

    Listing office Progressive Realty LLC

    Listing date Nov 14, 2024

    Source Compass

    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 Progressive Realty LLC

    HighLights

    • Prime location off Atlanta Highway, near Georgia Square Mall and the Athens Loop (Loop 10)
    • Zoned Employment‑Office (E‑O), allowing for a wide variety of commercial uses
    • 0.88‑acre parcel offers a substantial space for development
    • Access to sewer services facilitates various development options
    • Located at 235 Cleveland Rd, Bogart, GA, in Clarke County
    • Ideal opportunity for new business development with high visibility and convenient access

    Overview

    Located at 235 Cleveland Rd in Bogart, GA, this 0.88-acre parcel presents a commercial development opportunity in Clarke County. The property is zoned Employment-Office (E-O), accommodating a range of uses such as self-storage facilities, employment offices, hotels, restaurants with drive-throughs, flex buildings, and car washes. The site benefits from access to sewer services. Situated just off Atlanta Highway and minutes from Georgia Square Mall, the location provides convenient access to shopping, restaurants, businesses, and the Athens Loop. The property's location in a high-traffic area makes it suitable for commercial development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bogart
    County
    Oconee
    State
    Georgia
    Longitude
    -83.474747
    Latitude
    33.9437798

    Nearby Similar for Sale

    • $250,000

      Commercial Corner Lot in Bogart

      0.46-acre commercial lot with high visibility and access.
      1011 Garland Dr, Bogart, GA 30622
      View Details
    • $650,000

      Development-Ready Commercial Site in Bogart

      Development-ready commercial site in a high-growth Oconee County corridor.
      2000 Atlanta Highway, Bogart, GA 30622
      View Details
    • $849,000

      Land For Sale in Bogart

      1.64 acre commercial land available in Bogart, Georgia.
      2781 Monroe Hwy, Bogart, GA 30622
      View Details
    • $375,000

      Acreage Lot in North Oconee

      Build your dream home on this beautiful acreage lot.
      Tract 1 McNutt Creek Road, Bogart, GA 30622
      View Details
    • $375,000

      Acreage Lot in North Oconee

      5.01 acre lot with creek in Bogart, GA.
      Tract 2 McNutt Creek Road, Bogart, GA 30622
      View Details
    • $750,000
      2,588 SF

      Commercial Land in Bogart, GA

      Two lots totaling 7.24 acres for commercial assemblage.
      1851 McNutt Creek Road, Bogart, GA 30622
      View Details
    • $383,000

      Land with Creek in Bogart

      5.91 acre lot with creek near Oconee amenities.
      Tract 5 McNutt Creek Road, Bogart, GA 30622
      View Details
    • $750,000

      7.24 Acres Potential Commercial Assemblage

      Two lots with road frontage, utilities, and commercial potential.
      1811/1851 McNutt Creek Rd, Bogart, GA 30622
      View Details
    • $2,000,000

      Land Parcel on Highway Intersection

      Land parcel at the intersection of Hwy 78 and Hwy 53.
      4611 MONROE Hwy - Hwy 78, Bogart, GA 30622
      View Details
    • $260,000

      Land in Growing Oconee County

      Vacant land parcel in rapidly growing Oconee County, Georgia.
      1090 Talus Street, Bogart, GA 30622
      View Details
    • $750,000

      7.24 Acres Commercial Assemblage Opportunity

      Two lots with road frontage, utilities, and flexible zoning.
      1811 McNutt Creek Rd, Bogart, GA 30622
      View Details
    • $130,000

      Residential Lot in Bear Creek

      0.77-acre lot ready for your dream home!
      564 Bear Creek Lane, Bogart, GA 30622
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.88-acre commercial land parcel in Bogart, GA for sale.
    Where is this commercial land located?
    The property is located at 235 Cleveland Road Bogart, GA.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Prime location off Atlanta Highway, near Georgia Square Mall and the Athens Loop (Loop 10); Zoned Employment‑Office (E‑O), allowing for a wide variety of commercial uses; 0.88‑acre parcel offers a substantial space for development
    (770) 867-6821
    We can help!
    Listing Contact
    Lourdes Bartlett
    Real Estate License ID: 423616
    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

    Thank You for Inquiry
    235 Cleveland Road, Bogart, GA 30622
    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!