Commercial Land with
For Sale
$399,900
1800 Whitesville Road, Lagrange, GA 30240
City-annexed acreage with corridor mixed-use zoning and an existing farmhouse offers a range of commercial configurations.
Property Size2,973 SF
Price / SF$134.51
Days on Market177
Property Features for 1800 Whitesville Road
General Information
Standard status
Active
Size
2,973 SF
Property subtype
Commercial
Zoning
16- Cr-Mx
Taxes and HOA fees
Annual Taxes
$3,325
Building Details
Building Size
2,973 SF
Year Built
1915
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Mark Hubbard · License #348724
(706) 668-7253
Source:
Connersmithrealty
Added: May 6
Changed: Oct 25
Last Checked: Oct 26 at 3:50AM
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 Go Realty
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Investment Insights
Based on property information with market context.
This 4.6-acre commercial parcel includes a farmhouse built in 1915. The property is annexed into the City of LaGrange and carries Corridor Mixed Use zoning, identified as 16- Cr-Mx. The existing residence provides a building on site, while the parcel may also be considered for commercial development.
The site fronts Whitesville Road, also designated Hwy 219, with more than 400 feet of road frontage. It is approximately 1 mile from I-85 Exit 13, Great Wolf Lodge and the convention center.
The site fronts Whitesville Road, also designated Hwy 219, with more than 400 feet of road frontage. It is approximately 1 mile from I-85 Exit 13, Great Wolf Lodge and the convention center.
Key Highlights
- 4.6+/- acres with more than 400 feet of frontage on Whitesville Road/Hwy 219
- Farmhouse built in 1915
- Annexed into the City of LaGrange
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,765
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,300
$695.3K
Cap Rate 7%
$496,643
$496.6K
Cap Rate 9%
$386,278
$386.3K
Market Conditions
NOI Build-Up for 2,973 SF
Gross rent
$50.7K $17.04/SF
− Vacancy
−$4.3K −$1.45/SF
EGI
$46.4K $15.59/SF
− OpEx
−$11.6K −$3.90/SF
NOI
$34.8K $11.69/SF
Area
Troup County, GA
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,300
Cap Rate 7%
$496,643
Cap Rate 9%
$386,278
Alternative Uses
Best Use
Office B
$496.6K
$434.6K – $579.4K
NOI $34,765 @ 7.0% cap · market cap 8.69%
Second Best
Mixed Use
$439.6K
$384.6K – $512.9K
NOI $30,771 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$665.2K
$582.1K – $776.1K
NOI $46,565 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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Business Placement
Demographics for 30240, GA
30,119
Population
12,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
139.6 sq mi
ZIP Area
216
Density / Sq Mi
$59,521
Median Household Income
$40,611
Median Earnings
$1,035
Median Rent
$221,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - City-annexed acreage with corridor mixed-use zoning and an existing farmhouse offers a range of commercial configurations.
Where is this commercial land located?
The property is located at 1800 Whitesville Road Lagrange, GA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4.6+/- acres with more than 400 feet of frontage on Whitesville Road/Hwy 219; Farmhouse built in 1915; Annexed into the City of LaGrange
