Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1796 Houston Lake Rd Perry, GA 31069

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property with road frontage and potential retail/office use.

    Property size:
    2,065 SF
    Lot size:
    3.50 Acres

    Property Features for 1796 Houston Lake Rd

    General Information

    Standard status
    Active
    Size
    2,065 SF
    Lot size
    3.50 Acres

    We can help!

    Listing Contact
    Gwendoline Arnold Hutchinson
    Source: Crexi

    Listing Agency: Gwendoline Arnold Listing Agent: Gwendoline Arnold Hutchinson

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

    Learn more

    Overview

    Prime Commercial Land with Frontage

    This commercial property offers a great location with over 3.5 acres of land. It features over 500 feet of road frontage on Houston Lake Road and 270 feet on Keith Drive. The property includes a total of three driveways, with two on Houston Lake Road and one on Keith Drive. A well-maintained brick home is situated on the property, presenting a potential opportunity for use as an office building or retail store. The structure includes a large sunroom, den, formal living room, spacious eat-in kitchen, and an oversized bathroom with handicap accessibility. Both the front and back of the house have fenced-in yards with multiple outbuildings. A circular drive connects Houston Lake Road to Keith Drive. The property includes a 3-bedroom, 2-bath brick home that could be adapted for office or other commercial purposes. Purchasers will need to rezone the property for their specific intended use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston
    State
    Georgia
    Longitude
    -83.71085
    Latitude
    32.47113

    Nearby Similar for Sale

    • $995,000
      6,800 SF

      Versatile Commercial Property in Perry, GA

      Multi-functional asset in Downtown Perry with flexible configuration and zoning.
      910/912 Jernigan St, Perry, GA 31069
      View Details
    • $1,350,000
      2,000 SF

      Turnkey Recreation Business Opportunity

      Established paintball business on 17.75 acres in Perry, GA.
      301 Valley Dr, Perry, GA 31069
      View Details
    • $3,400,000
      14,859 SF

      High-Visibility Commercial Asset in Perry, GA

      Large commercial property with redevelopment potential in a high-traffic location.
      1100 Ball St, Perry, GA 31069
      View Details
    • $850,000

      Serene Ranch Home with Pond

      23.2 acre property with a 1,911 sq. ft. brick ranch.
      2327 Us Highway 41 North, Perry, GA 31014
      View Details
    • Contact for pricing
      23,642 SF

      New Mixed-Use Development in Perry

      Newly constructed mixed-use property with residential and commercial spaces.
      1013 Northside Dr, Perry, GA 31069
      View Details
    • $229,900
      1,508 SF

      Downtown Perry Commercial Gem

      Prime Main Street location, versatile space.
      1218 Main St, Perry, GA 31069
      View Details
    • $1,200,000
      4.01 Acres

      Prime Perry Commercial Land

      4 Acres, High-Growth Potential
      1802 Houston Lake Rd, Perry, GA 31069
      View Details
    • $450,000
      552 SF

      Prime Perry Commercial Property

      1.5-Acre Lot, 552 sq ft Building
      341 Hwy, Perry, GA 31069
      View Details
    • $1,850,000
      11.49 Acres

      Prime Perry, GA Commercial Land

      11.49 Acres, $1.85M
      Hwy 41 & Langston Rd, Perry, GA 31069
      View Details
    • Contact for pricing
      3,492 SF

      Retail Space in Perry Marketplace

      Retail space in a high-traffic shopping center near I-75.
      1363 Sam Nunn Blvd, Perry, GA 31069
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with road frontage and potential retail/office use.
    Where is this commercial land located?
    The property is located at 1796 Houston Lake Rd Perry, GA.
    What are key features of this property?
    This property features: - Over 500 ft of road frontage on Houston Lake Rd and 270 ft on Keith Dr.; - Excellent commercial location on corner lot.; - 3.5+ acre lot with multiple outbuildings.
    Request Owner's contact information
    1796 Houston Lake Rd Perry, GA 31069
    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.
    1796 Houston Lake Rd
    Perry, GA 31069
    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
    1796 Houston Lake Rd Perry, GA 31069
    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
    Gwendoline Arnold Hutchinson
    Real Estate License ID: 293790
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!