Add Listing
    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

    1851 Mcnutt Creek Rd Bogart, GA 30622

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $925,000

    Two lots totaling 7.24 acres, potential commercial assemblage.

    Lot size:
    7.24 Acres

    Property Features for 1851 Mcnutt Creek Rd

    General Information

    Standard status
    Active
    Lot size
    7.24 Acres

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Del Mills
    Source: Corcoran

    Listing Agency: Greater Athens Properties Listing Agent: Del Mills

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

    Learn more

    Overview

    7.24 Acres Potential Commercial Assemblage

    This property presents a rare opportunity with two lots totaling 7.24 acres. It is a potential commercial assemblage.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bogart
    County
    Oconee
    State
    Georgia
    Longitude
    -83.54136
    Latitude
    33.93738

    Nearby Similar for Sale

    • $465,000
      Pending

      Office Building in Growing Business Hub

      Custom-designed office building in Oconee County, convenient to Athens.
      1060 Garland Dr, Bogart, GA 30622
      View Details
    • $1,250,000
      11,000 SF

      Retail Building on Atlanta Highway

      6,000 SF showroom with 5,000 SF basement in Athens.
      4250 Atlanta Hwy, Bogart, GA 30606
      View Details
    • $3,514,550
      54.07 Acres

      54 Acres Pasture Land, Bogart

      54.07 acres of rolling pasture land in Bogart, Georgia.
      Clotfelter Rd, Bogart, GA 30622
      View Details
    • Contact for pricing
      1,400 SF

      Office Unit in Coggins Park

      Office unit for sale in a well-connected industrial park.
      182 Ben Burton Cir, Bogart, GA 30622
      View Details
    • $465,000
      1,769 SF

      Custom Office Building For Sale

      New office building with high-end finishes, convenient location.
      1060 Garland Dr, Bogart, GA 30622
      View Details
    • $1,500,000
      11,000 SF

      Retail Building on Atlanta Hwy

      Free-standing retail building with showroom, basement, and outside storage.
      4250 Atlanta Hwy, Bogart, GA 30622
      View Details
    • $1,900,000
      11,875 SF

      Bogart Office Building Investment

      Fully leased office building in Bogart, Georgia, near Athens.
      1020 Garland Dr, Bogart, GA 30622
      View Details
    • $465,000

      New Office Building in Oconee

      Custom-designed office building in a growing business hub.
      1060 Garland Dr, Bogart, GA 30622
      View Details
    • $240,000

      Versatile Office/Flex Condo For Sale

      Two-story brick office/flex condo with dual-level access.
      188 Ben Burton Cir, Bogart, GA 30622
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Property in Coggins Park

      Located in West Athens with convenient highway access.
      190 Ben Burton Cir, Bogart, GA 30677
      View Details
    • Contact for pricing
      40,700 SF

      Warehouse with Security Vault

      40,700 square foot warehouse featuring a security vault.
      125 Old Monroe Rd, Bogart, GA
      View Details
    • $3,514,550

      54-Acre Pasture Farm For Sale

      54.07 acres of rolling pasture, active cattle operation.
      Clotfelter Rd, Bogart, GA 30622
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two lots totaling 7.24 acres, potential commercial assemblage.
    Where is this commercial land located?
    The property is located at 1851 Mcnutt Creek Rd Bogart, GA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Two Lots Included; - Total of 7.24 Acres: **Large Land Parcel**; - Potential Commercial Assemblage
    (706) 255-3586
    Request Owner's contact information
    1851 Mcnutt Creek Rd Bogart, GA 30622
    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.
    1851 Mcnutt Creek Rd
    Bogart, GA 30622
    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
    1851 Mcnutt Creek Rd Bogart, GA 30622
    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
    Del Mills
    Real Estate License ID: 138469
    (706) 255-3586 (706) 510-5189
    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!