Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1250 Lafayette Pkwy Lagrange, GA 30241

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    High-visibility corner lot in a thriving retail hub.

    Lot size:
    0.90 Acres

    Property Features for 1250 Lafayette Pkwy

    General Information

    Standard status
    Active
    Lot size
    0.90 Acres

    We can help!

    Listing Contact
    Alisa Matheny
    Source: Exprealty

    Listing Agency: Coldwell Banker Spinks, Brown & Durand, Inc Listing Agent: Alisa Matheny

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

    Learn more

    Overview

    Prime Corner Lot Opportunity

    This corner lot offers a high-visibility location on one of LaGrange's busiest corridors, with over 22,000 vehicles passing by daily. The property is positioned near the Mike Daniel Recreation Center and LaFayette Centre Shopping Center, and less than a mile from LaGrange Mall. Surrounding anchors include Belk, Hobby Lobby, and TJ Maxx. The property is suitable for a boutique retail shop, a drive-thru coffee spot, quick-service fast food, or professional office space. Its location near I-85/85 ensures easy access for local customers and regional traffic. This lot is located in a high-demand market and offers growth potential. The property is located in LAGRANGE, GA.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -84.9988979
    Latitude
    33.0408042

    Nearby Similar for Sale

    • New
      $621,000
      6,000 SF

      LaGrange Commercial Opportunity with Warehouse

      Commercial property with office, retail, and warehouse space available.
      1506 Whitesville St, Lagrange, GA 30240
      View Details
    • $169,900
      1,500 SF

      Versatile Building in Long Cane District

      Adaptable brick building suitable for various commercial or residential purposes.
      5047 W Point Rd, Lagrange, GA 30240
      View Details
    • New
      $450,000
      9,560 SF

      Versatile Commercial Property Near Rail District

      Commercial property near revitalized rail district with multiple potential uses.
      504 E Depot St, Lagrange, GA 30240
      View Details
    • $3,750,000
      22,651 SF

      Mixed-Use Building in Downtown Lagrange

      Three-story mixed-use building in the heart of downtown Lagrange.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • New
      $196,900
      Pending

      Lagrange Commercial Property on 3 Acres

      Commercial property in Lagrange, GA, with store and shop buildings.
      11 Estes Rd, Lagrange, GA 30240
      View Details
    • $549,900
      1,890 SF

      Remodeled Commercial Building on Davis

      High-visibility commercial building with three units in Lagrange, GA.
      187 S Davis Rd, Lagrange, GA 30240
      View Details
    • $265,000
      Pending

      Lagrange Commercial Body Shop Opportunity

      Fully equipped auto body shop in a prime location.
      2001 Lukken Industrial Dr W, Lagrange, GA 30240
      View Details
    • New
      $159,500
      3,630 SF

      Multi-Use Commercial Building For Sale

      Commercial building with office, warehouse, loading dock, and storage.
      2814 Hamilton Rd, Lagrange, GA 30241
      View Details
    • $175,000
      3,630 SF

      Multi-Use Commercial Building For Sale

      Commercial building with office, warehouse, loading dock, and storage.
      2814 Hamilton Rd, Lagrange, GA 30241
      View Details
    • $259,900
      1.00 Acre

      LaGrange Triplex: Investment Opportunity

      Well-maintained triplex in downtown LaGrange with steady rental income.
      121 Lafayette Ct, Lagrange, GA 30241
      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 Rd, Lagrange, GA 30241
      View Details
    • $239,900
      4,665 SF

      Downtown Lagrange Commercial Opportunity

      Storefront retail, office, or restaurant opportunity in downtown LaGrange.
      111 Ridley Ave, Lagrange, GA 30240
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility corner lot in a thriving retail hub.
    Where is this commercial land located?
    The property is located at 1250 Lafayette Pkwy Lagrange, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Prime corner lot location on a high-traffic corridor with over 22,000 vehicles passing daily.; - Exceptional visibility and exposure in a thriving retail hub of West Georgia.; - Strategic location near I-85/85, providing easy access for local and regional customers.
    (706) 594-6344
    Request Owner's contact information
    1250 Lafayette Pkwy Lagrange, GA 30241
    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.
    1250 Lafayette Pkwy
    Lagrange, GA 30241
    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
    1250 Lafayette Pkwy Lagrange, GA 30241
    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
    Alisa Matheny
    (706) 594-6344
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.