Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    84 Byp & Cassidy Rd Thomasville, GA 31757

    Sponsored
    For Sale
    $495,000

    Residential development opportunity near schools & downtown.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 25.9-acre parcel is strategically located at the intersection of US Hwy 84 Bypass and Cassidy Road in Thomasville, Georgia. Its prime location offers easy access to residential neighborhoods, schools, and the vibrant downtown area. The property is zoned RM-11, providing flexibility for various residential development projects, including single-family homes or multi-family dwellings. Utilities are readily available, with water and electricity already connected to the site. The property's expansive size presents a unique opportunity for a significant residential development project in a thriving community. The parcel's advantageous location and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for housing in Thomasville. The property's Assessed Parcel Number (APN) is 055 059 A. This offering presents a compelling investment opportunity with significant potential for future growth and return. The asking price for this exceptional property is $495,000. Detailed information regarding the property's zoning and development potential is available upon request.

    Property Features for 84 Byp & Cassidy Rd

    General Information

    Property type
    Land
    Lot Size
    1,128,204 SF

    We can help!

    Listing Contact
    Trey DeSantis
    Trey DeSantis

    Learn more

    HighLights

    • 25.9‑acre parcel at US Hwy 84 Bypass & Cassidy Rd, Thomasville, GA.
    • RM‑11 zoning allows for residential development (single‑family or multi‑family).
    • Utilities (water & electricity) are available.
    • APN: 055 059 A.
    • Asking price: $495,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Thomasville
    County
    Thomas
    State
    Georgia
    Longitude
    -83.9026776
    Latitude
    30.8255439

    Nearby Similar for Sale

    • $2,000,000
      25,210 SF

      Thomasville Commercial Property with Expansion Potential

      25,210 SF commercial building on 4.29 acres for sale.
      11763 Us Highway 319, Thomasville, GA 31757
      View Details
    • $2,300,000
      4,750 SF

      Turnkey Distillery & Brewery Opportunity

      Fully operational distillery, brewery, and restaurant in Thomasville, Georgia.
      312 Smith Ave, Thomasville, GA 31792
      View Details
    • $559,900
      17,510 SF

      Versatile Warehouse and Office Space

      Commercial warehouse with office space and fenced outdoor parking.
      195 Mississippi Ave, Thomasville, GA 31792
      View Details
    • $700,000
      8,943 SF

      Thomasville Commercial Buildings For Sale

      Two buildings near downtown Thomasville, ideal for redevelopment.
      507/509 N Broad St, Thomasville, GA 31792
      View Details
    • $315,000
      1,735 SF

      Historic Thomasville Office Building For Sale

      Remodeled historic office building near downtown Thomasville, Georgia.
      419 N Crawford St, Thomasville, GA 31792
      View Details
    • $1,900,000
      18,660 SF

      Thomasville Commercial Strip Center For Sale

      18,660 SF strip center with mini-storage in Thomasville, GA.
      1102 E Jackson St, Thomasville, GA 31792
      View Details
    • $995,000
      4,637 SF

      Downtown Thomasville Commercial Building For Sale

      Prime location near shops, retail, and amphitheater with high traffic.
      228-236 W Jackson St, Thomasville, GA 31792
      View Details
    • $1,350,000
      Pending

      Downtown Thomasville Three-Story Building

      Three-story building in downtown Thomasville, ideal for investors and businesses.
      118 S Broad St, Thomasville, GA 31792
      View Details
    • $275,000
      6,020 SF

      Thomasville Commercial Property on Broad

      Commercial property in Thomasville, GA, with great potential.
      522 Broad St, Thomasville, GA 31792
      View Details
    • $275,000
      6,020 SF

      Thomasville Commercial Property For Sale

      Commercial property in Thomasville, GA, with great potential for investors.
      522 N Broad St, Thomasville, GA 31792
      View Details
    • $289,000
      Pending

      Historic Downtown Commercial Space

      Turnkey commercial space in historic downtown Thomasville with endless possibilities.
      117 N Broad St, Thomasville, GA 31792
      View Details
    • $235,000
      3,500 SF

      Renovated Commercial Property in Thomasville

      Fully renovated 3,500 sq ft commercial property with open floorplan.
      827 N Madison St, Thomasville, GA 31792
      View Details

    FAQs

    What type of property is this?
    Land - Residential development opportunity near schools & downtown.
    Where is this land located?
    The property is located at 84 Byp & Cassidy Rd Thomasville, GA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 25.9-acre parcel at US Hwy 84 Bypass & Cassidy Rd, Thomasville, GA.; RM-11 zoning allows for residential development (single-family or multi-family).; Utilities (water & electricity) are available.
    Request Owner's contact information
    84 Byp & Cassidy Rd Thomasville, GA 31757
    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.
    84 Byp & Cassidy Rd
    Thomasville, GA 31757
    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
    84 Byp & Cassidy Rd Thomasville, GA 31757
    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
    Trey DeSantis
    Trey DeSantis
    Real Estate License ID: FL 3154988
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.