Commercial Land with Existing
For Sale
$399,900
1800 Whitesville Road, Lagrange, GA 30240
COMMERCIAL - Lagrange, GA
Property Size2,973 SF
Lot Size4.60 Acres
Price / SF$134.51
Days on Market98
Property Features for 1800 Whitesville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Lot features
Level
Directions
From I-85 S, take exit 13 for GA-219, turn onto GA-219 N, property will be on the left.
Standard status
Active
APN
0604 000015
Size
2,973 SF
Lot size
4.60 Acres
Taxes and HOA fees
Tax Year
25
Tax Annual Amount
3325
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1915
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Mark Hubbard · License #348724
(706) 668-7253
Added: May 6
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 10759766
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.6-acre commercial land offering includes a 2,973-square-foot farmhouse constructed in 1915. The building has wood siding, a composition roof, on-street parking, public water, septic service, and cable availability. Its existing residential-scale improvement provides a physical structure alongside the broader land component.
The property fronts Whitesville Road, also identified as 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. Annexation into the City of LaGrange and Corridor Mixed Use zoning further define the site's municipal and land-use context.
The property fronts Whitesville Road, also identified as 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. Annexation into the City of LaGrange and Corridor Mixed Use zoning further define the site's municipal and land-use context.
Key Highlights
- 4.6‑acre commercial land tract with an existing 2,973‑square‑foot farmhouse
- More than 400 feet of frontage along Whitesville Road/Hwy 219
- Farmhouse constructed in 1915 with wood siding and a composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corridor Mixed Use property with an existing farmhouse and public water service along Whitesville Road.
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‑acre commercial land tract with an existing 2,973‑square‑foot farmhouse; More than 400 feet of frontage along Whitesville Road/Hwy 219; Farmhouse constructed in 1915 with wood siding and a composition roof
