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    RV-Ready Garage Unit Title is generated by Realmo AI

    K9-1040 Park Ct, Greensboro, GA 30642

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    For Sale
    $250,000

    Fee-simple garage unit with HVAC, LED industrial lighting, and a large motorized insulated door for storing vehicles and gear.

    Property size:
    1,200 SF
    Price / SF:
    $208/SF
    Added:
    May 15, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 5 at 2:26 am

    Property Features for K9-1040 Park Ct

    General Information

    Standard status
    Active
    Size
    1,200 SF

    We can help!

    Listing Contact
    Ashley Goodroe
    Ashley Goodroe

    Listing agent Ashley Goodroe License #300836

    Listing office eXp Realty

    Listing date May 15, 2026

    Source Exprealty

    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 eXp Realty

    HighLights

    • Final phase of the Garages at Lake Oconee is under construction; total garages planned to be 91 with completion scheduled for 2026.
    • Fee‑simple 1,200 SF garage unit (22' x 54.5') with HVAC and LED industrial lighting.
    • 12' x 14' motorized insulated garage door plus a pedestrian door with transom window.
    • Includes 125 AMP service panel, restroom with toilet and lavatory faucet, and floor drains in the restroom.
    • Industrial floor sink and high ceiling height of 18–20.5' for storing an RV/motorhome, boat, or larger items.
    • Units are customizable after closing with upgrades available such as cabinetry, flooring, mezzanines, and security systems.

    Overview

    The Garages at Lake Oconee offer fee-simple garage units designed for personal storage or light business use. The final phase is under construction, bringing the total garage count to 91, with scheduled completion in 2026. Each 1,200 SF unit is intended to be low maintenance and flexible, with 18 to 20.5 feet of ceiling height to accommodate a large RV or motorhome, a boat, or seasonal items.

    The property is located off Highway 44 in Greensboro, GA. The unit configuration includes a 12' by 14' motorized insulated garage door and a pedestrian door with a transom window. Interior amenities include HVAC, LED industrial lighting, a 125 AMP service panel, and restroom space with a toilet and lavatory faucet, plus floor drains in the restroom and an industrial floor sink.

    For buyers seeking ownership over traditional storage, these units are set up to handle larger vehicle storage while remaining practical for work and display use. After closing, the units can be customized with upgrades such as cabinetry, flooring, mezzanines, and security systems, allowing the space to be tailored to a buyer’s personal or operational needs.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.265951
    Latitude
    33.478213

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    FAQs

    What type of property is this?
    Self storage facility - Fee-simple garage unit with HVAC, LED industrial lighting, and a large motorized insulated door for storing vehicles and gear.
    Where is this self storage facility located?
    The property is located at K9-1040 Park Ct Greensboro, GA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Final phase of the Garages at Lake Oconee is under construction; total garages planned to be 91 with completion scheduled for 2026.; Fee‑simple 1,200 SF garage unit (22' x 54.5') with HVAC and LED industrial lighting.; 12' x 14' motorized insulated garage door plus a pedestrian door with transom window.
    (706) 816-1112
    We can help!
    Listing Contact
    Ashley Goodroe
    Ashley Goodroe
    Real Estate License ID: 300836
    Learn More
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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.

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    K9-1040 Park Ct, GREENSBORO, GA 30642
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