Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Stabilized Multifamily Community in Thomson Title is generated by Realmo AI

    170 Westwood Dr, Thomson, GA 30824

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained apartment community in Thomson, Georgia, near retail corridor.

    Type:Multifamily
    Property size:
    21,586 SF
    Price / SF:
    $99/SF
    Added:
    Mar 5, 2026
    Days on Market:
    69
    Last Refresh:
    Mar 16 at 2:55 pm

    Property Features for 170 Westwood Dr

    General Information

    Standard status
    Active
    Size
    21,586 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Harold Shepard

    Listing agent Harold Shepard License #445263

    Listing office Marcus & Millichap - Atlanta

    Listing date Mar 5, 2026

    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 Marcus & Millichap - Atlanta

    HighLights

    • Stabilized and well‑maintained multifamily community.
    • Located in one of the city’s highest income pockets, near retail and Interstate 20.
    • Consistent occupancy and tenant retention.
    • Recent common‑area renovations enhance curb appeal.
    • Stable, community‑oriented environment with access to employment, healthcare, and logistics hubs.
    • Built in 1994.

    Overview

    Seymour West Apartments is a stabilized and well-maintained multifamily community located in Thomson, Georgia. The property is strategically positioned within one of the city’s highest income pockets, situated off the primary retail corridor near established national tenancy. Its location provides convenient access to Interstate 20, facilitating connectivity to the greater Augusta metropolitan area. The property has demonstrated consistent occupancy and tenant retention, reflecting local demand and operational stability. Recent common-area renovations have enhanced curb appeal and improved the resident experience. Thomson offers a stable, community-oriented environment with convenient access to regional employment, healthcare, and logistics hubs, supporting sustained rental demand and predictable cash flow. The property contains 21,586 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Pharmacy Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomson
    County
    McDuffie
    State
    Georgia
    Longitude
    -82.505431
    Latitude
    33.505388

    Nearby Similar for Sale

    • $320,000
      4,784 SF

      Thomson, GA Fourplex Investment

      Fully occupied fourplex in Thomson, GA with positive cash flow.
      103 Grady Street, Thomson, GA 30824
      View Details
    • $199,900
      2,392 SF

      Versatile Commercial Building in Thomson

      Adaptable commercial space ideal for medical or professional services.
      320 Hospital Drive, Thomson, GA 30824
      View Details
    • $185,000
      2,028 SF

      Thomson Duplex: Investment Opportunity

      Duplex in Thomson, GA, offering investment and value-add potential.
      462 Bussey Avenue, Thomson, GA 30824
      View Details
    • $225,000

      Thomson, GA Mobile Home Park

      Established mobile home park with income-producing units and additional lot.
      2569 Wrens Highway, Thomson, GA 30824
      View Details
    • $199,900
      2,304 SF

      Thomson Multifamily Property on Acreage

      Multifamily property with house and mobile home on 2.45 acres.
      168 Rivers Circle, Thomson, GA 30824
      View Details
    • $900,000

      Renovated Restaurant in Downtown Thomson

      Fully furnished restaurant with high traffic Main Street location.
      122 Main St, Thomson, GA 30824
      View Details
    • $2,400,000

      Turnkey Restaurant Opportunity Near I-20

      Fully furnished and equipped restaurant near Interstate 20 in Thomson.
      250 Bordeaux Dr, Thomson, GA 30824
      View Details
    • $1,800,000

      Event Center Near Interstate 20

      Well-equipped event center suitable for large gatherings and receptions.
      232 Bordeaux Drive, Thomson, GA 30824
      View Details
    • $2,150,000

      Thomson Multifamily Investment Opportunity

      Stabilized multifamily community in Thomson, Georgia, near retail corridor.
      170 Westwood Dr, Thomson, GA 30824
      View Details
    • $499,000
      3,726 SF

      Renovated Retail Building Near I-20

      Renovated 3,726 SF retail building with high traffic volume.
      1494 Washington Rd, Thomson, GA
      View Details
    • Contact for pricing

      Medical Office Space For Sale

      Medical office space with long-term lease and renewal.
      621 McNeil Circle, Thomson, GA 30824
      View Details
    • $179,900
      1,409 SF

      Northview Acres Home For Sale

      Charming 3-bedroom home with fresh updates in Northview Acres.
      1213 Northview Ext, Thomson, GA 30824
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained apartment community in Thomson, Georgia, near retail corridor.
    Where is this apartment building located?
    The property is located at 170 Westwood Dr Thomson, GA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Stabilized and well‑maintained multifamily community.; Located in one of the city’s highest income pockets, near retail and Interstate 20.; Consistent occupancy and tenant retention.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Harold Shepard
    Real Estate License ID: 445263
    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
    170 Westwood Dr, Thomson, GA 30824
    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!