Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Potential Commercial Building Title is generated by Realmo AI

    944 Tyrone Rd, Tyrone, GA 30290

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with existing building near Highway 74 in Tyrone, GA.

    Type:Land
    Property size:
    1,532 SF
    Lot size:
    3.57 Acres
    Price / SF:
    $325/SF
    Added:
    May 1, 2023
    Days on Market:
    1118
    Last Refresh:
    May 12 at 9:36 pm

    Property Features for 944 Tyrone Rd

    General Information

    Standard status
    Active
    Size
    1,532 SF
    Lot size
    3.57 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Brent Randolph

    Listing agent Brent Randolph License #GA 244669

    Listing office Randolph Williams

    Listing date May 1, 2023

    Source Crexi

    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 Randolph Williams

    HighLights

    • Potential Commercial building with 1,532 SF on 3.57 acres
    • Located 2 blocks East of Hwy 74
    • Proximity to Trilith Studios
    • Zoned AR
    • High Traffic Count: 5,400 VPD
    • All Utilities Available (Except Sewer)

    Overview

    This property features approximately 3.57 acres of land with a potential commercial building of approximately 1,532 square feet. The property is located two blocks east of Highway 74 in Tyrone, Fayette County, Georgia. The traffic count is 5,400 vehicles per day. The zoning is AR. All utilities are available except sewer. The property is located minutes from Trilith Studios.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyrone
    County
    Fayette
    State
    Georgia
    Longitude
    -84.581341
    Latitude
    33.475734

    Nearby Similar for Sale

    • $1,300,000
      9,000 SF

      Industrial Warehouse in Tyrone, GA

      Well-equipped 9,000 SF industrial warehouse near I-85 in Tyrone, GA.
      120 Shamrock Ind Boulevard, Tyrone, GA 30290
      View Details
    • $749,000
      1,910 SF

      Commercial Land in Downtown Tyrone

      6.53 acres of C-1 commercial land with public sewer.
      962 Senoia Road, Tyrone, GA 30290
      View Details
    • $1,850

      Office Space in Tyrone, GA

      Office space with kitchenette and bathroom available for lease.
      1922 Highway 74 N #UNIT C, Tyrone, GA 30290
      View Details
    • $163,000

      Residential Land in Tyrone, GA

      3.4-acre wooded lot for custom home in Timberidge Subdivision.
      105 Scott Boulevard, Tyrone, GA 30290
      View Details
    • $99,000

      Commercial Investment Opportunity in Tyrone

      Commercial space in Tyrone's Business District, suitable for various businesses.
      822 Senoia Road, Tyrone, GA 30290
      View Details
    • $224,999

      Residential Land in Tyrone, GA

      3.6 acre lot, ready to build your dream home.
      535 Laurelwood Drive, Tyrone, GA 30290
      View Details
    • $4,850,000

      Turnkey Event Venue on 17 Acres

      Elegant event venue with hotel and cabin development potential.
      200 Glendalough Court , Tyrone, GA 30290
      View Details
    • $165,000

      Residential Lot in Tyrone, GA

      Level, cleared residential lot in established Tyrone neighborhood.
      1.00 Briarwood Road, Tyrone, GA 30290
      View Details
    • $165,000

      Residential Lot in Established Neighborhood

      Level, cleared residential lot in Tyrone, GA with county water.
      1.00 Briarwood Road, Tyrone, GA 30290
      View Details
    • Contact for pricing
      8 SF

      Commercial Land in Tyrone Center

      Land sites available for sale, lease, or build-to-suit.
      Hwy 74 & Carriage Oaks Dr., Tyrone, GA 30290
      View Details
    • $5,900,000

      23.6 Acres Agricultural Land Tyrone

      23.6 acres of agricultural land in Tyrone, Georgia.
      0 Hwy 74, Tyrone, GA 30290
      View Details
    • $84,000

      Residential Land in Tyrone, GA

      Wooded lot for dream home with community amenities.
      150 Kylemore Pass, Tyrone, GA 30290
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with existing building near Highway 74 in Tyrone, GA.
    Where is this commercial land located?
    The property is located at 944 Tyrone Rd Tyrone, 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: Potential Commercial building with **1,532 SF on 3.57 acres**; Located 2 blocks East of Hwy 74; Proximity to Trilith Studios
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brent Randolph
    Real Estate License ID: GA 244669
    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

    Thank You for Inquiry
    944 Tyrone Rd, Tyrone, GA 30290
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!