Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8251 Highway 166 Douglasville, GA 30135

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    1.23 acres with existing structure, ideal for retail/office.

    Type:Commercial/Industrial
    Property size:
    400 SF
    Lot size:
    1.23 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    13
    Last Refresh:
    Feb 11 at 2:32 pm

    Property Features for 8251 Highway 166

    General Information

    Standard status
    Active
    Size
    400 SF
    Lot size
    1.23 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    LADONNA SUGGS

    Listing agent LADONNA SUGGS License #345732

    Listing office Real Broker, LLC.

    Listing date Mar 24, 2026

    Source Exitrealty

    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 Real Broker, LLC.

    Overview

    Highway 166 Commercial Opportunity

    This commercial property is located in Douglas County and features 1.23 acres of level, buildable land. The site includes a 400 sq. ft. structure suitable for use as an office or retail space. Essential utilities such as water and electricity are available on-site. The property offers high visibility along Highway 166 and easy access to I-20, positioning it to serve the Douglasville community. It has flexible zoning to support a variety of commercial uses, with the possibility of rezoning for residential use, pending confirmation with Douglas County. The property includes ample parking and a large lot suitable for expansion or new construction. It is suited for retail, office, medical, or other commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Cafe & Coffee Shop Grocery & Convenience Store Pet Grooming Service Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.845547
    Latitude
    33.616917

    Nearby Similar for Sale

    • $650,000
      10,000 SF

      Douglasville Commercial Property For Sale

      10,000 sq ft commercial property with income potential.
      11431 Veterans Memorial Highway, Douglasville, GA 30134
      View Details
    • $3,300
      5,172 SF

      Commercial Space for Lease

      Lower level commercial space available for lease in Douglasville.
      6519 Spring St, Douglasville, GA 30134
      View Details
    • $1,000,000
      1,452 SF

      Douglasville Commercial Property For Sale

      1.04-acre commercial property with versatile 1,452 sq ft building.
      11661 Veterans Memorial Highway, Douglasville, GA 30134
      View Details
    • $1,200,000
      3,792 SF

      7.46 Acres on US-78 Highway

      7.46-acre commercial land with high visibility on US-78 Highway.
      11560 Veterans Memorial Highway, Douglasville, GA 30134
      View Details
    • $3,300

      Commercial Space for Lease

      Commercial space available for lease in Douglasville, Georgia.
      6519 Spring St, Douglasville, GA 30134
      View Details
    • $39,700

      Land in Douglasville, Georgia

      Building lot near I-20, shopping, and hospital in Douglasville.
      2515 SLATER MILL Road, Douglasville, GA 30135
      View Details
    • $495,000

      Turn-Key Douglasville Multi-Family Investment

      Renovated duplex and single-family home offer income potential.
      8327 Chicago Avenue, Douglasville, GA 30134
      View Details
    • $3,300
      5,172 SF

      Douglasville Commercial Property For Sale

      Commercial property in Douglasville, GA, suitable for business or church.
      6519 Spring Street, Douglasville, GA 30134
      View Details
    • $375,000

      Commercial Property in Douglasville, GA

      Commercial property with long-term tenant, great investment opportunity.
      6585 Spring Street, Douglasville, GA 30134
      View Details
    • $700,000

      Douglasville Land Ready for Development

      20+ acre Douglasville tract zoned R-LD ready for development.
      3907 Mckown Road, Douglasville, GA 30134
      View Details
    • $700,000

      Douglasville Land Ready for Development

      20+ acre tract zoned R-LD, ideal for single-family homes.
      3907 Mckown Road, Douglasville, GA 30134
      View Details
    • $700,000

      Douglasville Land Ready for Development

      20+ acre tract in Douglasville, ready for single-family home development.
      3907 Mckown Road, Douglasville, GA 30134
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.23 acres with existing structure, ideal for retail/office.
    Where is this commercial land located?
    The property is located at 8251 Highway 166 Douglasville, GA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.23 acres of level, buildable land in a prime location.; High visibility along Highway 166 with easy access to I‑20.; Flexible zoning supports a wide array of commercial uses or rezoning for residential.
    (855) 450-0442
    We can help!
    Listing Contact
    LADONNA SUGGS
    Real Estate License ID: 345732
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!