Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Highway 129 Cleveland, GA 30528

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highway 129 Cleveland, GA 30528

    View on Map
    • Commercial real estate
    • 12.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Highway 129

    Year built
    2012
    Lot size
    12.75 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 12.75-acre commercial property presents a remarkable investment opportunity in the thriving city of Cleveland, Georgia. Strategically located on the corner of Highway 129 South and Westmoreland Road, this parcel boasts unparalleled visibility due to its prime intersection location and a conveniently placed traffic signal. The property sits directly across from a recently constructed elementary school, ensuring consistent high traffic volume throughout the day. Currently zoned for commercial use, this land is ideally suited for a wide range of businesses seeking high exposure and accessibility. The property's location on a busy corridor connecting Gainesville and Cleveland guarantees a substantial flow of potential customers. This significant acreage offers substantial development potential, and the seller is open to exploring various transaction structures. The seller owns multiple adjacent tracts, which may be sold together or subdivided to accommodate specific buyer needs. While a long-term land lease is preferred, the seller is also willing to consider an outright sale, providing flexibility for potential investors and developers. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area. Don't miss this chance to secure a prime piece of real estate in a vibrant community. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    White - GA
    State
    Georgia
    Longitude
    -83.7611
    Latitude
    34.5871

    Comparable in this City

    • Value Estimation by Request
      3.42 Acres

      2 Mountain Oak Rd

      Land • 3.42 Acres
      2 Mountain Oak Rd, Cleveland, GA 30528
      View Details
    • Value Estimation by Request

      Underwood St

      COMMERCIAL (GENERAL)
      Underwood St, Cleveland, GA 30528
      View Details
    • Value Estimation
      $1,025,000
      14,680 SF

      Cleveland, GA 30528

      COMMERCIAL (GENERAL) • 14,680 SF
      Cleveland, GA 30528
      View Details
    • Value Estimation by Request
      1,536 SF

      25 Allison Dr

      COMMERCIAL (GENERAL) • 1,536 SF
      25 Allison Dr, Cleveland, GA 30528-1081
      View Details
    • Value Estimation by Request
      432 SF

      475 Dorsey Brothers Rd

      COMMERCIAL (GENERAL) • 432 SF
      475 Dorsey Brothers Rd, Cleveland, GA 30528
      View Details
    • Value Estimation by Request
      3,200 SF

      951 Helen Hwy

      COMMERCIAL (GENERAL) • 3,200 SF
      951 Helen Hwy, Cleveland, GA 30528
      View Details

    Similar Nearby for Sale

    • $1,799,900
      42.05 Acres

      95 Cedar Hollow Rd, Cleveland, GA 30528

      Commercial real estate • 42.05 Acres
      95 Cedar Hollow Rd, Cleveland, GA 30528
      View Details
    • $361,900
      5.88 Acres

      Prime 5.88-Acre Commercial Land

      High-traffic location, ready for development.
      Westmoreland Rd Rd, Cleveland, GA 30528
      View Details
    • $361,900
      5.88 Acres

      Prime Cleveland Commercial Land

      5.88 Acres, High Traffic Area
      Westmoreland Rd, Cleveland, GA 30528
      View Details
    • $1,250,000
      12.75 Acres

      Corner Tract on Highway 129

      Corner commercial land with high visibility in growing area.
      Highway 129 S, Cleveland, GA 30528
      View Details
    • $299,000
      2,540 SF

      Downtown Cleveland Brick Office Building

      Circa 1920 brick office building with B1 zoning.
      60 S Main St, Cleveland, GA 30528
      View Details
    • $294,000

      Chattahoochee River Unrestricted Lot

      Unrestricted lot on the Chattahoochee River for recreation or building.
      00 Limber Lost Trl, Cleveland, GA 30528
      View Details
    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.
    Highway 129
    Cleveland, GA 30528
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!