Mixed-Use Property Near
2485 West Point Road Lagrange, GA 30240
For Sale
$895,000
6.08 acres with three buildings near LaGrange Callaway Airport.
Property Size5,200 SF
Lot Size6.08 Acres
Price / SF$172.12
Days on Market693
Property Features for 2485 West Point Road
General Information
Standard status
Active
Size
5,200 SF
Lot size
6.08 Acres
Property subtype
Mixed Use
Building Details
Year Built
1985
Listing Agency:
Spinks Brown & Durand, Inc.
(706) 884-5681
Listed By:
Coldwell Banker Spinks Brown · License #115513
(706) 333-1122
Source:
Xome
Added: Sep 4, 2024
Changed: Jul 6
Last Checked: Jul 27 at 6:56AM
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 Spinks Brown & Durand, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property comprises 6.08 acres and features three buildings located on Highway 29 South, situated between Pegasus Parkway and Lukken Industrial Drive. The site offers convenient access to the Industrial Park and backs up to the LaGrange Callaway Airport. The property includes three buildings. Building 1, constructed in 1958, has a size of 3,744 square feet. Building 2, built in 2003, offers 4,000 square feet of space. Building 3, which was built in 1985, provides 5,200 square feet.
Key Highlights
- 6.08 Acres of Land
- Three Buildings totaling 12,944 sq ft of space
- Highway 29 frontage between Pegasus Pkwy and Lukken Industrial
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.6k | $18.00 |
| − Vacancy | −$7.5k | −$1.44 |
| EGI | $86.1k | $16.56 |
| − OpEx | −$32.3k | −$6.21 |
| NOI | $53.8k | $10.35 |
5,200 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$768.9K
$672.8K – $897.0K
NOI $53,820 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,445 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 6.08 acres with three buildings near LaGrange Callaway Airport.
Where is this mixed-use property located?
The property is located at 2485 West Point Road Lagrange, GA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6.08 Acres of Land; Three Buildings totaling 12,944 sq ft of space; Highway 29 frontage between Pegasus Pkwy and Lukken Industrial
