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

    100 NE Hickory Level Rd, Villa Rica, GA 30180

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

    1.60-acre site near major retailers with high traffic volume.

    Type:Land
    Lot size:
    1.60 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    567
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 100 NE Hickory Level Rd

    General Information

    Standard status
    Active
    Lot size
    1.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jared Siegel

    Listing agent Jared Siegel License #GA 400324

    Listing office Rise Property Group

    Listing date Oct 24, 2024

    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 Rise Property Group

    HighLights

    • Excellent visibility with 35,000 vehicles per day.
    • Located at the intersection of NE Hickory Level Road and Carrollton Villa Rica Hwy.
    • Adjacent to Popeyes and near Walmart Supercenter and Home Depot.
    • Surrounded by national retailers such as Chick‑Fil‑A, Starbucks, and Zaxby’s.
    • High population density: Over 127,000 residents within a 10‑mile radius.
    • Strong median household income: $73,884 within a 10‑mile radius.

    Overview

    This 1.60-acre development opportunity is situated at the intersection of NE Hickory Level Road and Carrollton Villa Rica Hwy. The site is located adjacent to Popeyes and is 0.3 miles from Walmart Supercenter and Home Depot. The location is surrounded by national retailers, including Chick-Fil-A, Starbucks, and Zaxby’s. The property benefits from high visibility, with a traffic volume of 35,000 vehicles per day. The surrounding area has over 127,000 residents within a 10-mile radius, with a median household income of $73,884. This location offers strong potential for a variety of commercial uses, ensuring high exposure and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Popeyes Louisiana Kitchen Restaurant Popeyes Restaurant Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Villa Rica
    County
    Carroll
    State
    Georgia
    Longitude
    -84.944131
    Latitude
    33.715867

    Nearby Similar for Sale

    • $389,900
      2,491 SF

      Villa Rica Commercial Property For Sale

      Commercial property with road frontage and ample parking in Villa Rica.
      214 Maple Street, Villa Rica, GA 30180
      View Details
    • $325,000
      1,500 SF

      Versatile Commercial Space in Villa Rica

      1500 sq ft space ideal for various business uses.
      100 N Candler Street, Villa Rica, GA 30180
      View Details
    • $389,900
      2,491 SF

      Villa Rica Commercial Property For Sale

      Commercial property in Villa Rica with road frontage and parking.
      214 Maple Street, Villa Rica, GA 30180
      View Details
    • $750,000
      4,621 SF

      Villa Rica Commercial Opportunity

      Commercial property in downtown Villa Rica with investment potential.
      116 W Bankhead Highway, Villa Rica, GA 30180
      View Details
    • $299,900
      1,216 SF

      Historic Villa Rica Commercial Property

      Charming historic building suitable for office or retail use.
      262 S Carroll Road, Villa Rica, GA 30180
      View Details
    • $1,400,000
      8,236 SF

      Versatile Commercial Property, Villa Rica

      High-visibility commercial property with open-concept design and outdoor play areas.
      516 W Bankhead Highway, Villa Rica, GA 30180
      View Details
    • $1,100,000
      5,379 SF

      Villa Rica Commercial Office Property

      High-traffic commercial office property in Villa Rica, Georgia.
      809 W Bankhead Highway, Villa Rica, GA 30180
      View Details
    • $549,900
      4,230 SF

      Downtown Villa Rica Mixed-Use Property

      4,000+ sq ft property in the heart of downtown.
      105 E Church Street, Villa Rica, GA 20180
      View Details
    • $27,300

      Villa Rica Land Opportunity

      0.36 acre lot in the heart of Villa Rica.
      Reid Street, Villa Rica, GA 30180
      View Details
    • $1,100,000
      5,380 SF

      Villa Rica Commercial Office Property

      High-traffic commercial office building in Villa Rica, Georgia.
      809 W Bankhead, Villa Rica, GA 30180
      View Details
    • $500,000

      Villa Rica Commercial Land Available

      1.51 acre commercial land with utilities in Villa Rica.
      115 Paris Drive, Villa Rica, GA 30180
      View Details
    • $499,900

      Villa Rica Commercial Development Opportunity

      Prime commercial land suitable for office and retail development.
      575 Leslie Dr, Villa Rica, GA 30180
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.60-acre site near major retailers with high traffic volume.
    Where is this commercial land located?
    The property is located at 100 NE Hickory Level Rd Villa Rica, GA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Excellent visibility with 35,000 vehicles per day.; Located at the intersection of NE Hickory Level Road and Carrollton Villa Rica Hwy.; Adjacent to Popeyes and near Walmart Supercenter and Home Depot.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Siegel
    Real Estate License ID: GA 400324
    Learn More
    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
    100 NE Hickory Level Rd, Villa Rica, GA 30180
    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!