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    642 Harris St Sandersville, GA 31082

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    For Lease
    Contact for pricing

    Prime Sandersville retail space, multiple units available.

    Lot size:
    24,550 SF

    Property Features for 642 Harris St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,550 SF
    Total Rate
    8081.04

    Spaces For Lease

    at 642 Harris St, Sandersville, GA 31082 Contact us
    Unit 668 South Harris Street

    $3 /Mo

    Size
    14,900 SF
    Contact us
    Unit 674 South Harris Street

    $7 /Mo

    Size
    1,200 SF
    Contact us
    Unit 676 South Harris Street

    $8 /Mo

    Size
    600 SF
    Contact us
    Unit 642 South Harris Street

    $5 /Mo

    Size
    8,450 SF
    Contact us

    We can help!

    Listing Contact
    Terry Thompson

    Listing Agency: The Temples Company Listing Agent: Terry Thompson

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

    Learn more

    Overview

    Kaolin Plaza presents a unique opportunity for retail businesses seeking high-visibility locations in Sandersville, Georgia. This 24,550 square foot shopping center is currently 100% vacant, offering flexible space options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 14,900 square feet. Strategically situated in the heart of Sandersville's retail corridor, the center enjoys a prominent position on GA Highway 15, complete with a signalized entrance. Its location between the traditional downtown area and a Walmart ensures high traffic volume and excellent exposure to a diverse customer base. The center boasts a strong tenant mix, including established national brands such as IGA, Roses Express, Ace Hardware, Pizza Hut, Dollar General, Subway, Anytime Fitness, and Hibbett Sports. Further enhancing its appeal, McDonald's and Zaxby's are conveniently located on outparcels, creating a vibrant and attractive retail environment. This is an exceptional opportunity to establish or expand your business within a thriving community, benefiting from the established presence of successful national retailers and a high volume of foot traffic. The property is located in Washington County, Georgia, home to Oconee Fall Line Technical College. Four spaces are immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandersville
    County
    Washington
    State
    Georgia
    Longitude
    -82.80874
    Latitude
    32.97319

    FAQs

    What type of property is this?
    Lifestyle center - Prime Sandersville retail space, multiple units available.
    Where is this lifestyle center located?
    The property is located at 642 Harris St Sandersville, GA.
    What is the lease rate?
    The lease rate is $3-$8 SF/Yr.
    What are key features of this property?
    This property features: 24,550 square foot retail shopping center in Washington County.; 1,200 square foot minimum divisible space, with a maximum contiguous space of 14,900 square feet.; Entire 24,550 square foot building is currently vacant.
    Request Owner's contact information
    642 Harris St Sandersville, GA 31082
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    Sandersville, GA 31082
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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
    642 Harris St Sandersville, GA 31082
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    Contact for Pricing
    Please call us for current price
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    Terry Thompson
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