Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Development Opportunity Near Highway 42 Title is generated by Realmo AI

    6661 Highway 42, Rex, GA 30273

    View on Map
    Claim this Listing
    For Sale
    $57,000

    COMMERCIAL - Ranch - Rex, GA

    Type:Single Family Residence
    Lot size:
    0.77 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    127
    Last Refresh:
    May 13 at 10:06 pm

    Property Features for 6661 Highway 42

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Zoning
    RM
    Vegetation
    Partially Wooded
    Standard status
    Active
    APN
    12104B B031
    Lot size
    0.77 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1320

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1967
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Henry Mitchell

    Listing agent Henry Mitchell

    Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA

    Listing date Jan 6, 2026

    MLS# 7702522 Listing URL

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime .77‑acre parcel zoned RM offering immediate development potential.
    • All utilities are available at the site, streamlining construction.
    • Strategically located less than one minute from I‑675, with quick access to I‑75 and I‑285.
    • Permitted uses include multifamily dwellings, townhomes, senior living facilities, and institutional use.
    • Suited for multifamily development, townhome project, or build‑to‑rent community.
    • Approximately a 20‑minute commute to Hartsfield‑Jackson Atlanta International Airport.

    Overview

    This 0.77-acre parcel is zoned RM (Multiple Family Residential) and offers development potential with utilities available at the site. It is suited for a multifamily development, townhome project, or build-to-rent community. Permitted uses include multifamily dwellings such as apartments or condominiums, townhomes and row homes, senior living, assisted living, or nursing facilities, institutional use including educational institutions, and approved residential-based operations. The RM zoning supports long-term rental income, for-sale product, or specialized housing models. Located less than one minute from I-675, with quick access to I-75 and I-285, and approximately a 20-minute commute to Hartsfield-Jackson Atlanta International Airport, this parcel combines location with long-term upside. It is ideal for multifamily developers, build-to-rent operators, senior housing investors, and institutional users seeking residential zoning flexibility. The property is located in Rex, Clayton County, Georgia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rex
    County
    Clayton
    State
    Georgia
    Longitude
    -84.266356
    Latitude
    33.573523

    Nearby Similar for Sale

    • $2,000,000
      4,270 SF

      Turnkey Day Care Business

      Established day care business and facility on Highway 42.
      6346 Highway 42, Rex, GA 30273
      View Details
    • $2,000,000

      Turnkey Day Care Business Facility

      Established day care business and facility on Highway 42.
      6346 Highway 42, Rex, GA 30273
      View Details
    • $57,000

      Development Opportunity Near Highway 42

      0.77-acre RM-zoned parcel ideal for multifamily or institutional development.
      6661 Highway 42, Rex, GA 30273
      View Details
    • $39,950

      Residential Lot in Rex, GA

      Vacant residential lot in Clayton County, ready for your vision.
      6814 Biscayne Boulevard, Rex, GA 30273
      View Details
    • $39,950

      Residential Lot in Rex, GA

      Vacant residential lot in a convenient, growing area.
      6814 Biscayne Boulevard, Rex, GA 30273
      View Details
    • $25,000

      Residential Lot in Rex, GA

      0.29 acre residential lot, ideal for starter home.
      3132 Shoal Creek Ct, Rex, GA 30273
      View Details
    • $529,000
      1,872 SF

      Retail Shops and Commercial Land

      Retail shops with commercial land available for development.
      6004 Highway 42 Rex, Rex, GA 30273
      View Details
    • $30,000

      Residential Land in Established Neighborhood

      Residential land for sale in Rex, GA, with amenities.
      3085 Ashbury Lane, Rex, GA 30273
      View Details
    • $25,000

      Residential Lot in Rex, GA

      0.61 acre residential lot, ideal for custom home building.
      0.61+/- Acres on Skyline Drive, Rex, GA 30273
      View Details
    • $39,950

      Land Available in Rex, Georgia

      Land for sale in Clayton County, Rex, Georgia.
      6814 Biscayne BLVD, Rex, GA 30273
      View Details
    • $950,000

      9.4 Acres Redevelopment Opportunity

      Prime land parcel in Rex, GA, ideal for redevelopment.
      6349 GA-42, Rex, GA 30273
      View Details
    • $199,000

      Commercial Land Opportunity in Rex

      2.32 acres of commercial land in growing area.
      0 GA 42, Rex, GA 30273
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.77-acre RM-zoned parcel suitable for multifamily or institutional development.
    Where is this residential land & home lot located?
    The property is located at 6661 Highway 42 Rex, GA.
    What is the asking price?
    The asking price for this property is $57,000.
    What are key features of this property?
    This property features: Prime .77‑acre parcel zoned RM offering immediate development potential.; All utilities are available at the site, streamlining construction.; Strategically located less than one minute from I‑675, with quick access to I‑75 and I‑285.
    (404) 876-4901
    We can help!
    Listing Contact
    Henry Mitchell
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6661 Highway 42, Rex, GA 30273
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!