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

    106 Ga-49 Byron, GA 31008

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic Hwy 49 location, redevelopment potential

    Property size:
    3,066 SF

    Property Features for 106 Ga-49

    General Information

    Property type
    Retail properties
    Square Feet
    3,066 SF
    Lot Size
    35,719 SF

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Sandee Khoury
    Sandee Khoury

    Listing Agency: Real Estate South & Associates, LLC Listing Agent: Sandee Khoury

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

    Learn more

    Overview

    This 3,066 square foot building, situated on a 0.82-acre lot in Byron, Georgia, presents a compelling redevelopment opportunity. Originally constructed in 1940 as a gas station, the property boasts an excellent location on Highway 49, less than a mile from I-75, and benefits from approximately 20,000 average daily traffic counts. The single-story building currently houses a tenant with a 10-year lease history (expired December 31, 2021) and a strong payment record. The property features two curb cuts on Highway 49 and 175 feet of road frontage. Zoned C2, this property offers significant potential for various commercial uses. The asking price is $480,000, translating to $156.56 per square foot. The property's Net Operating Income (NOI) was $1,100. The parcel number is B01F 102. This is a prime location for an owner/user seeking a redevelopment project with high visibility and strong traffic flow. The property is being offered as a redevelopment opportunity with a net lease structure. Note that the tenant's credit rating is not available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Byron
    County
    Peach
    State
    Georgia
    Longitude
    -83.7544818
    Latitude
    32.6529201

    Nearby Similar for Sale

    • $475,000
      2,184 SF

      Byron, GA Investment Opportunity

      Mobile home park with residence and additional leased lots.
      4682 Housers Mill Rd, Byron, GA 31008
      View Details
    • Contact for pricing
      2,600 SF

      Drive-Thru Equipped Retail Opportunity

      Retail property with drive-thru, located off Interstate 75.
      321 Ga-49, Byron, GA
      View Details
    • Contact for pricing

      Multifamily Woodberry Apartments

      34-unit multifamily property in Byron, Georgia.
      106 Frances Dr, Byron, GA 31008
      View Details
    • $575,000
      7,200 SF

      Byron Industrial Warehouse - Prime Location

      7,200 SF Warehouse, Ample Office Space
      105 Industrial Way, Byron, GA 31008
      View Details
    • $550,000
      8,581 SF

      Hwy 49 Byron Retail Center

      Prime Byron retail space, high visibility.
      0 Hwy 49, Byron, GA 31008
      View Details
    • $275,000
      2,800 SF

      Byron Hwy 49 Mixed-Use Building

      Versatile 2,800 sq ft building, ideal owner-user or lease.
      218 Ga-49, Byron, GA 31008
      View Details
    • $1,200,000
      4.50 Acres

      Prime Byron Commercial Land

      4.5 Acres, High-Traffic Location, $1.2M
      247 Conn, Byron, GA 31008
      View Details
    • Contact for pricing
      1,848 SF

      Mobile Home in Byron, Georgia

      Mobile home requiring renovation, suitable for investors in Byron.
      101 Williamsburg Trl, Byron, GA 31008
      View Details
    • $168,000

      Remodeled Home on Corner Lot

      Remodeled home on a large corner lot with new AC.
      255 Bayberry Dr, Byron, GA 31008
      View Details
    • $8,943,000
      5,372 SF

      Georgia 7-Eleven NNN Lease

      High-yield 7-Eleven investment, strong tenant.
      0 Howard Dr, Byron, GA 31008
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic Hwy 49 location, redevelopment potential
    Where is this retail property located?
    The property is located at 106 Ga-49 Byron, GA.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Two existing curb cuts on GA Hwy 49.; Nearly one-acre lot.; Approximately 20,000 average daily traffic (ADT).
    (478) 320-5551 Call to check price and availability
    Request Owner's contact information
    106 Ga-49 Byron, GA 31008
    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.
    106 Ga-49
    Byron, GA 31008
    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
    106 Ga-49 Byron, GA 31008
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sandee Khoury
    Sandee Khoury
    Real Estate License ID: 280024
    (478) 320-5551 (478) 956-5050
    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!