Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 96 Bonaire, GA

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

    2.43 acres of commercial land with highway frontage.

    Type:LAND
    Lot size:
    2.43 Acres
    Added:
    Oct 30, 2023
    Days on Market:
    916
    Last Refresh:
    Apr 5 at 10:37 pm

    Property Features for Highway 96

    General Information

    Standard status
    Active
    Lot size
    2.43 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Kate Carman

    Listing agent Kate Carman License #GA 103065

    Listing office Fickling & Co Commercial

    Listing date Oct 30, 2023

    Source Moodyscre

    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 Fickling & Co Commercial

    Overview

    Highway 96 Commercial Land

    This property consists of 2.43 acres of commercial land. The site is cleared, and utilities are in place, ready for development. Ample parking space is available. The property has 465 feet of frontage on Highway 96 and 213 feet of frontage on Victory Way. It is zoned C-2. The landlord is willing to subdivide the property into three separate acre lots.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bonaire
    County
    Houston
    State
    Georgia
    Longitude
    -83.5603
    Latitude
    32.5196

    Nearby Similar for Sale

    • $530,000

      Prime Commercial Lot in Bonaire

      2.19 acre commercial lot in high-growth Bonaire area.
      Old Perry Road, Bonaire, GA 31005
      View Details
    • $632,000
      2,940 SF

      Bonaire Commercial Property For Sale

      High-visibility commercial property in Bonaire, GA, suitable for various businesses.
      494 S Hwy 247, Bonaire, GA 31005
      View Details
    • $800,000

      Prime Commercial Land Opportunity

      3.44-acre commercial land in Bonaire, GA, ready for development.
      Highway 247, Bonaire, GA 31005
      View Details
    • $47,000

      Spacious Lot in Bonaire, GA

      1.32 acre lot with community amenities near Robins AFB.
      1063 Chattahoochee Drive, Bonaire, GA 31005
      View Details
    • $179,000

      Vacant Land on Moody Road

      Four lots for commercial development in a growing area.
      4 LOTS (14-17) Moody Road, Bonaire, GA 31005
      View Details
    • $45,000

      Residential Lot in Bonaire, GA

      1.74-acre lot suitable for building a dream home.
      221 Olde Hickory Circle, Bonaire, GA 31005
      View Details
    • $555,000

      Prime Corner Lot Development Opportunity

      1.57-acre corner lot with high visibility in growing area.
      102 Sandy Run Rd, Bonaire, GA 31005
      View Details
    • $1,000,000

      Commercial Lot on Houston Lake

      Prime commercial lot with city utilities in high-traffic area.
      1280 S Houston Lake Rd, Bonaire, GA 31005
      View Details
    • $129,000

      Bonaire Land in Exclusive Community

      4+ acre homesite in master-planned community off Highway 96.
      106 Belfaire Estate, Bonaire, GA 31005
      View Details
    • $82,500

      Bonaire, GA Lake Lot

      3.39 acre lake lot near Robins Airforce Base.
      Feagin Mill Road, Bonaire, GA 31005
      View Details
    • $179,000

      Vacant Land on Moody Road

      Prime vacant land in a growing Houston County location.
      4 LOTS (14-17) Moody Road, Bonaire, GA, 31005
      View Details
    • $68,999

      Land for Sale in Bonaire

      Land lot available in Bonaire, Georgia.
      236 Tidwell RD, Bonaire, GA 31005
      View Details

    FAQs

    What type of property is this?
    Land - 2.43 acres of commercial land with highway frontage.
    Where is this land located?
    The property is located at Highway 96 Bonaire, 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: 2.43 acres with subdivision potential into three separate acre lots.; High visibility with 465' frontage on Highway 96.; Zoned C‑2, allowing for a variety of commercial uses.
    (478) 919-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kate Carman
    Real Estate License ID: GA 103065
    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

    Highway 96, Bonaire, GA

    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!