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    1269 Evans Rd Hoschton, GA 30548

    Sponsored
    For Sale
    $1,200,000

    6.67 Acres, Prime Location, High Growth

    Property size:
    290,545 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 6.67-acre commercial land parcel presents a remarkable development opportunity in Hoschton, Georgia, situated within the Atlanta MSA, boasting convenient access to major transportation arteries. Zoned R4, this property offers significant flexibility for a variety of uses, including retail, medical, office, hotel, shopping center, convenience store, or mixed-use residential development. The site features approximately 700 feet of frontage on GA-124 and over 400 feet on Evans Road, providing excellent visibility and accessibility. The mostly level terrain, with a gentle slope towards GA-124, simplifies development planning. Currently, a single-family home with a tenant occupies the land, adding potential rental income. Existing infrastructure includes septic and public water. The property benefits from a strategic location adjacent to a gas station and restaurant, and is within close proximity to an Amazon fulfillment center and numerous ongoing residential and mixed-use developments. A planned roundabout at the intersection of GA-124 and Hog Mountain Road will further enhance accessibility. The property's proximity to I-85, GA Highway 316, and Hartsfield-Jackson Atlanta International Airport (within one hour) provides unparalleled connectivity. The asking price for this prime development opportunity is $1,200,000. The property's APN is 026 168A. This is a rare chance to capitalize on the rapid growth in this area.

    Property Features for 1269 Evans Rd

    General Information

    Property type
    Land
    Square Feet
    290,545 SF
    Lot Size
    290,545 SF

    HighLights

    • 6.67‑acre commercial land parcel in Hoschton, GA, within the Atlanta MSA.
    • Excellent visibility and accessibility with 700 ft of frontage on GA‑124 and over 400 ft on Evans Rd.
    • 1.8 miles from I‑85 and 40 miles northeast of Atlanta.
    • Planned roundabout at GA‑124 and Hog Mountain Road intersection will improve access.
    • Surrounded by new residential and mixed‑use developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoschton
    County
    Barrow
    State
    Georgia
    Longitude
    -83.8289302
    Latitude
    34.0748164

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    FAQs

    What type of property is this?
    Land - 6.67 Acres, Prime Location, High Growth
    Where is this land located?
    The property is located at 1269 Evans Rd Hoschton, GA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 6.67-acre commercial land parcel in Hoschton, GA, within the Atlanta MSA.; Excellent visibility and accessibility with 700 ft of frontage on GA-124 and over 400 ft on Evans Rd.; 1.8 miles from I-85 and 40 miles northeast of Atlanta.
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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.

    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
    1269 Evans Rd Hoschton, GA 30548
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