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

    34 Summerfield Rd Lafayette, GA 30728

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,225,000

    Updated multifamily property in La Fayette, Georgia. Fully occupied.

    Property size:
    10,984 SF
    Lot size:
    1.46 Acres

    Property Features for 34 Summerfield Rd

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    10,984 SF
    Lot size
    1.46 Acres

    We can help!

    Listing Contact
    Daniel Hunter
    Daniel Hunter
    Source: Crexi

    Listing Agency: RE/MAX Properties Listing Agent: Daniel Hunter

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

    Learn more

    Overview

    La Fayette Multifamily Investment Opportunity

    This multifamily property features units that are updated and nicely presentable, requiring no rehabilitation. The units remain occupied, with a waiting list of potential tenants. The property is currently managed by a management company that can remain in place. The property totals 10,984 square feet. Unit mix includes two-bedroom, one-bathroom units and two-bedroom, two-bathroom units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store HVAC Service Discount Store Storage Facility (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Walker
    State
    Georgia
    Longitude
    -85.248933
    Latitude
    34.796717

    Nearby Similar for Sale

    • $950,000
      15,000 SF

      Warehouse with RV/Boat Storage Business

      15,000 SF warehouse with thriving storage business near airport.
      109 Gasque Dr, Lafayette, GA 30728
      View Details
    • $685,000
      10,000 SF

      Warehouse/Hangar Adjacent to Airport

      10,000+ SF warehouse/hangar on 0.66 acre lot.
      106 Gasque Dr, Lafayette, GA 30728
      View Details
    • $379,000
      38.00 Acres

      LaFayette, GA Land Opportunity

      38-acre farm with pasture, hardwoods, and creek near Chattanooga.
      Straight Gut Rd, Lafayette, GA 30728
      View Details
    • $1,400,000
      10,352 SF

      LaFayette Turnkey Duplex Investment Opportunity

      Five newly built duplexes, fully occupied, prime location in LaFayette.
      316 Chestnut St, Lafayette, GA 30728
      View Details
    • $125,000
      Pending

      Lafayette Commercial Property with Equity

      Versatile industrial building with warehouse and office in Lafayette.
      503 S Duke St, Lafayette, GA 30728
      View Details
    • $149,900
      1,681 SF

      Commercial Building in Downtown LaFayette

      Corner lot with commercial building and paved parking in LaFayette.
      201 S Chattanooga St, Lafayette, GA 30728
      View Details
    • $1,635,000
      25,000 SF

      Warehouse/Hangar Investment Opportunity Near Airport

      Two warehouses totaling 25,000 SF with income-producing RV/boat storage business.
      109 Gasque Dr, Lafayette, GA 30728
      View Details
    • Contact for pricing
      Pending

      Barndominium on 21.7 Acres

      2950 Sq Ft Barndominium on 21.7 Acres
      1052 Huffman Rd, Lafayette, GA 30728
      View Details
    • $2,000,000

      Lafayette Industrial Portfolio For Sale

      Five industrial buildings totaling 43,960 SF on 10.72 acres.
      Cook Industrial Blvd, Lafayette, GA 30728
      View Details
    • $1,800,000

      Lafayette GA Industrial Investment

      Fully leased 40,000 SF industrial facility on 5.54 acres.
      1129 South Chattanooga St, Lafayette, GA 30728
      View Details
    • $178,000
      1,340 SF

      Charming Log Building on Corner Lot

      Dental Office, Multi-Use Potential, Hwy 136 Access
      615 Patterson Rd, Lafayette, GA 30728
      View Details
    • $75,000
      9.08 Acres

      High-Visibility Commercial Land in Lafayette, GA

      9 Acres, US Hwy 27 Frontage, Development Potential
      27 Us Hwy, LaFayette, GA 30728
      View Details

    FAQs

    What type of property is this?
    Apartment building - Updated multifamily property in La Fayette, Georgia. Fully occupied.
    Where is this apartment building located?
    The property is located at 34 Summerfield Rd Lafayette, GA.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: - Updated and nicely presentable units, requiring no rehabilitation; - Property is based on real numbers, not a Per Forma; - High occupancy with a waiting list of potential tenants
    (423) 605-9713
    Request Owner's contact information
    34 Summerfield Rd Lafayette, GA 30728
    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.
    34 Summerfield Rd
    Lafayette, GA 30728
    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
    34 Summerfield Rd Lafayette, GA 30728
    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
    Daniel Hunter
    Daniel Hunter
    Real Estate License ID: 343739
    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!