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

    311 Commerce Ave., Lagrange, GA 30240

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    7-acre commercial land parcel with mixed-use development potential.

    Type:Land
    Lot size:
    7.00 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    100
    Last Refresh:
    Feb 26 at 7:51 pm

    Property Features for 311 Commerce Ave.

    General Information

    Standard status
    Active
    Lot size
    7.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Steve Madura

    Listing agent Steve Madura

    Listing office Hilco Real Estate - Corporate

    Listing date Feb 26, 2026

    Source Hilcorealestatesales

    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 Hilco Real Estate - Corporate

    HighLights

    • 7± AC parcel, ideal for development.
    • Adjacent to LaGrange Plaza anchored by Publix Super Market.
    • Zoned CRMX for mixed‑use, commercial, and potential multifamily development.
    • Premier access to daily traffic.
    • Strong retail corridor location.
    • Regional connectivity.

    Overview

    This 7-acre parcel is located adjacent to the LaGrange Plaza, anchored by Publix Super Market. The property is zoned CRMX for mixed-use, commercial, and potential multifamily development. The location provides access to daily traffic and regional connectivity. The flexible zoning allows for a variety of development projects and business uses.
    Location Intelligence

    Current Use by Public Records

    ImmunoTek Plasma Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.018886
    Latitude
    33.050392

    Nearby Similar for Sale

    • $695,000
      3,575 SF

      LaGrange Commercial Office Opportunity

      Versatile commercial property ideal for various professional uses.
      104 Harwell Avenue, Lagrange, GA 30240
      View Details
    • $699,900
      8,977 SF

      LaGrange Commercial Flex Space

      9,000 SF flex space with office and warehouse.
      211 Whitesville Street, Lagrange, GA 30240
      View Details
    • $449,000
      2,478 SF

      LaGrange Commercial Investment Opportunity

      2,478 SF commercial building in LaGrange, GA for sale.
      311 Vernon Street, Lagrange, GA 30240
      View Details
    • $399,900
      2,973 SF

      LaGrange Commercial Opportunity on Whitesville

      4.6 acre commercial property in LaGrange's growing corridor.
      1800 Whitesville Road, Lagrange, GA 30240
      View Details
    • $689,000
      4,900 SF

      Lagrange Commercial Corner Lot Opportunity

      Dual building investment with high visibility and flexible use potential.
      838 New Franklin Road, Lagrange, GA 30240
      View Details
    • $649,000
      4,050 SF

      LaGrange Commercial Property with Yard

      4,050 SF facility on 4.3 acres with docks.
      677 Hudson Road, Lagrange, GA 30240
      View Details
    • $895,000
      7,500 SF

      Established Commercial Building in Lagrange

      7,500 SF commercial building on 2-acre lot for sale.
      1201 Hogansville Road, Lagrange, GA 30241
      View Details
    • $449,000
      4,088 SF

      LaGrange Commercial Development Site

      0.33 acre commercial development site in LaGrange, Georgia.
      2898 West Point Road, Lagrange, GA 30240
      View Details
    • $137,500
      3,630 SF

      Multi-Use Commercial Building For Sale

      Multi-use commercial building in high-traffic area with office, warehouse.
      2814 Hamilton Road, Lagrange, GA 30241
      View Details
    • $750,000
      1,780 SF

      LaGrange Land Opportunity Near I-85

      9.63 acres near I-85, ideal for commercial or industrial use.
      620 OLD HUTCHINSON MILL Road, LAGRANGE, GA 30240
      View Details
    • $1,350,000
      3,557 SF

      Lagrange Office Investment Opportunity

      3,557± SF office space near future shopping center.
      1505 Lafayette Parkway, Lagrange, GA 30241
      View Details
    • $449,000
      3,424 SF

      Commercial Property with Expansion Potential

      2.2 acres with two buildings in Lagrange, GA.
      1222 & 1224 New Franklin Road, Lagrange, GA 30240
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7-acre commercial land parcel with mixed-use development potential.
    Where is this commercial land located?
    The property is located at 311 Commerce Ave. Lagrange, GA.
    What are key features of this property?
    This property features: 7± AC parcel, ideal for development.; Adjacent to LaGrange Plaza anchored by Publix Super Market.; Zoned CRMX for mixed‑use, commercial, and potential multifamily development.
    (847) 201-2322
    We can help!
    Listing Contact
    Steve Madura
    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
    311 Commerce Ave. | LaGrange, GA 30240
    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!