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    Highway 92 Commercial Property Title is generated by Realmo AI

    2795 Lake Monroe Road, Douglasville, GA 30135

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    Commercial property on Highway 92 in a fast-growing Douglasville area.

    Type:Retail
    Property size:
    32,670 SF
    Lot size:
    0.76 Acres
    Price / SF:
    $8/SF
    Added:
    Nov 13, 2024
    Days on Market:
    556
    Last Refresh:
    May 12 at 10:50 pm

    Property Features for 2795 Lake Monroe Road

    General Information

    Standard status
    Active
    Size
    32,670 SF
    Lot size
    0.76 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Barbara A Allen

    Listing agent Barbara A Allen

    Listing office HomeSmart

    Listing date Nov 13, 2024

    Source Crexi

    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 HomeSmart

    HighLights

    • Prime location on Hwy 92 in a fast‑growing area of Douglasville.
    • Large .755‑acre lot with 4 separate buildings.
    • Auto repair shop with 4 bays, car lift, tire machine, and compressor included.
    • Building previously used as a hair salon included.
    • Multiple income streams: auto parts, car repair/sales, U‑Haul, and auto rentals.
    • Seller willing to consult and assist with business transformation.

    Overview

    This commercial/retail property is situated in a prime location on Highway 92 in a rapidly developing area of Douglasville, adjacent to a BP Gas Station. The property occupies a large 0.755-acre lot and includes four separate buildings. One building features an office with a reception area, office space, a kitchen, and a bathroom. Adjoining the office area is an auto repair shop with four bays. Included with the property are a car lift, tire machine, and compressor located in the painting tent. Also included is a building originally built out for a hair salon and the painting tent. Parking is available inside and outside the front gate, as well as in the backyard. The property has been used for selling new and used auto parts, repairing vehicles, and selling cars purchased from auctions. Potential additional income streams include U-Haul and auto rentals. The seller is willing to consult and assist with the transformation as needed.
    Property Profile Location Intelligence

    Current Use by Public Records

    SN Automotive LLC Auto Repair Shop Platinum World Auto ... Auto Parts Store Platinum World Auto Repair Shop So Icy Motorsports Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 2400 fairburn rd, douglasville, ga 30135
    • U-Haul Neighborhood Dealer — 2818 Fairburn Rd Ste B, Douglasville, GA 30135

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.6679103
    Latitude
    33.7301638

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    FAQs

    What type of property is this?
    Automotive property - Commercial property on Highway 92 in a fast-growing Douglasville area.
    Where is this automotive property located?
    The property is located at 2795 Lake Monroe Road Douglasville, GA.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Prime location on Hwy 92 in a fast‑growing area of Douglasville.; Large .755‑acre lot with 4 separate buildings.; Auto repair shop with **4 bays, car lift, tire machine, and compressor included.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barbara A Allen
    Request Owner's contact information
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    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.

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