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    114 Robinson Ave Grovetown, GA 30813

    Sponsored
    For Sale
    $499,000

    Prime Grovetown location, 3200 sq ft flex space

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This 3,200 square foot flex space building in Grovetown, Georgia, is situated on a 0.54-acre lot at the highly visible, signalized corner of East Robinson Avenue and Johns Street. Boasting an average daily traffic count of 14,600 vehicles, this property offers exceptional access and visibility. The building, constructed in 2014, features approximately 1,200 square feet of retail showroom space, complete with a sales counter, restroom, and office area. The remaining 2,000 square feet comprises warehouse space, including a separate office and a ground-level roll-up door providing convenient access to a lay-down yard. The property's Neighborhood Commercial (NC) zoning permits a variety of uses, including convenience stores, professional offices, and retail establishments. Its central Grovetown location places it near key amenities such as the Grovetown Municipal Court, Library, City Hall, the Columbia County Tax Commissioner's Office, and Grovetown Elementary School, as well as various commercial businesses. The asking price is $499,000, translating to $155.94 per square foot. The property's APN is G11 025Q, G11 025P, G11 025, G11 025C. This prime location, combined with its versatile space and high visibility, presents a compelling investment opportunity.

    Property Features for 114 Robinson Ave

    General Information

    Property type
    Flex space
    Square Feet
    3,200 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Robert McCrary
    Robert McCrary

    Learn more

    Property Insight Report

    HighLights

    • 3,200 SF flex space building on a 0.54‑acre lot in Grovetown, GA.
    • High‑visibility corner lot at East Robinson Ave. and Johns St. with 14,600 VPD.
    • 2014 construction featuring 1,200 SF of retail showroom space and 2,000 SF of warehouse space with a roll‑up door.
    • Neighborhood Commercial (NC) zoning allows for various uses.
    • $499,000 asking price ($155.94/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Frank Wilson's Equipment ... Equipment Rental Agency U-Haul Neighborhood Dealer Truck Rental Agency Tavo's Carpet & Flooring ... Carpet Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grovetown
    County
    Columbia
    State
    Georgia
    Longitude
    -82.196462661751
    Latitude
    33.449929505464

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    FAQs

    What type of property is this?
    Flex space - Prime Grovetown location, 3200 sq ft flex space
    Where is this flex space located?
    The property is located at 114 Robinson Ave Grovetown, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 3,200 SF flex space building on a 0.54-acre lot in Grovetown, GA.; High-visibility corner lot at East Robinson Ave. and Johns St. with 14,600 VPD.; 2014 construction featuring 1,200 SF of retail showroom space and 2,000 SF of warehouse space with a roll-up door.
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    114 Robinson Ave Grovetown, GA 30813
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    Grovetown, GA 30813
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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.

    More about this property
    114 Robinson Ave Grovetown, GA 30813
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    We can help!
    Listing Contact
    Robert McCrary
    Robert McCrary
    Real Estate License ID: GA 434698
    Learn more
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