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

    2690 Commerce Rd Athens, GA 30607

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    High-traffic location with redevelopment potential.

    Lot size:
    7.87 Acres

    Property Features for 2690 Commerce Rd

    General Information

    Standard status
    Active
    Lot size
    7.87 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Laura Nerbonne
    Source: Corcoran

    Listing Agency: AXEN Realty Listing Agent: Laura Nerbonne

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

    Learn more

    Overview

    Commercial Property on Commerce Road

    This commercial property offers significant potential due to its location in a high-traffic area. The site features a home and an older auto shop. The property's highway frontage and heavy daily traffic count make it suitable for various commercial uses, subject to zoning and approvals. The property includes parcel #102B 009A (2720 Commerce Rd).
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Department Store Discount Store Cafe & Coffee Shop Electronics & Wireless Store Bakery (Bike/Boat/Book/etc) Store Arcade & Gaming Center

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

    Similar Places Nearby

    TimeWillTellAutomotive LLC., Fleeman Tractor Repair & Service, LLC, The Diesel Authority, Rodriguez Tire Shop

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3930743
    Latitude
    34.0196046

    Nearby Similar for Sale

    • $889,000
      3,800 SF

      Medical Office Space in Athens

      Flexible medical office space in established Bishop Professional Park.
      700 Sunset Dr, Athens, GA 30606
      View Details
    • $1,250,000
      6,000 SF

      Corner Lot with Redevelopment Potential

      High-visibility corner lot suitable for redevelopment or business use.
      165 Spring Valley Rd, Athens, GA 30605
      View Details
    • $1,150,000
      4,174 SF

      High-Visibility Commercial Property, Athens

      Prime commercial opportunity in a high-traffic Athens corridor.
      2000 W Broad St, Athens, GA 30606
      View Details
    • New
      $1,350,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, office, medical, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • New
      $1,350,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel with high visibility and traffic flow.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $360,000
      1,302 SF

      Renovated Commercial Building on Eastside

      Turnkey, renovated 1,302 sq ft commercial building on 0.41 acres.
      710 Gaines School Rd, Athens, GA 30605
      View Details
    • $7,800,000
      22,000 SF

      Historic Athens Office Building For Sale

      Two-story office building in the Milledge Avenue Historic District.
      337 S Milledge Ave, Athens, GA 30605
      View Details
    • $800,000
      1,464 SF

      Iconic Athens Commercial Property

      Freestanding commercial building with rich history and redevelopment potential.
      1016 E Broad St, Athens, GA 30601
      View Details
    • New
      $435,000
      3,700 SF

      Fully Leased Athens Triplex

      Income-producing triplex in Athens, generating $3,100 monthly.
      150 Creekwood Dr, Athens, GA 30606
      View Details
    • $710,000
      4,000 SF

      New Industrial Project in Athens

      New industrial flex space for sale in Athens, Georgia.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details
    • $650,000
      7,200 SF

      Industrial Project in Athens, GA

      New industrial project with build-ready pads available for sale.
      161 Pad, Athens, GA 30607
      View Details
    • $712,000
      4,000 SF

      New Industrial Project in Athens

      New industrial project with shell buildings for sale in Athens.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details

    FAQs

    What type of property is this?
    Auto shop - High-traffic location with redevelopment potential.
    Where is this auto shop located?
    The property is located at 2690 Commerce Rd Athens, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - High-traffic location with highway frontage; - Heavy daily traffic count; - Significant potential for redevelopment or repurposing
    Request Owner's contact information
    2690 Commerce Rd Athens, GA 30607
    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.
    2690 Commerce Rd
    Athens, GA 30607
    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
    2690 Commerce Rd Athens, GA 30607
    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
    Laura Nerbonne
    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!