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    1065 Franklin Springs St Royston, GA 30662
    Property profile & analytics

    1065 Franklin Springs St, Royston, GA 30662

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    • Lifestyle centers
    • 67,577 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shoe Show / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 1065 Franklin Springs St

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Tri-County Plaza, located at 1065 Franklin Springs St, Royston, GA 30662, presents a unique opportunity for retailers seeking high-traffic exposure in a vibrant community. This 67,577 square foot shopping center boasts a strong tenant mix, including established names like Food Lion, Snap Fitness, Maxway, and Shoe Show, ensuring consistent customer flow. Currently, 7,600 square feet of retail space is available, divisible into units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 1,800 square feet. The center benefits from ample parking with 340 spaces available for customers and employees. Situated in Franklin County, Georgia, Tri-County Plaza serves the residents of Royston and the surrounding areas of Franklin, Hart, and Madison counties. The center's impressive visit frequency of 7.31 underscores its popularity and strong customer loyalty. This makes it an ideal location for businesses seeking a well-established retail presence in a high-traffic area. The property offers excellent visibility and accessibility, making it a prime location for a variety of retail uses. Don't miss this chance to establish your business in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royston
    County
    Franklin
    State
    Georgia
    Longitude
    -83.1281
    Latitude
    34.2849

    Comparable in this City

    • Value Estimation by Request
      19,156 SF

      1095 Franklin Spgs St

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    • Value Estimation by Request
      16,316 SF

      1173 Main St

      SHOPPING CENTER, STRIP CENTER
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      3,200 SF

      24 Hartwell St

      Retail properties & Spaces
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      2,460 SF

      1401 Bowersville St

      WHOLESALE OUTLET, DISCOUNT STORE
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      1,890 SF

      1065 Bowersville St

      WHOLESALE OUTLET, DISCOUNT STORE
      1065 Bowersville St, Royston, GA 30662-2311
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    • Value Estimation
      $540,000
      7,225 SF

      4717 Sandy Cross Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      4717 Sandy Cross Rd, Royston, GA 30662-3383
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    Similar Nearby for Lease

    • Contact for pricing

      Community Shopping Center Space Available

      Retail spaces available in established Tri County Plaza.
      1065 Franklin Springs St, Royston, GA 30662
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Royston, GA

      900 SF retail space available for rent.
      1095 Franklin Springs St, Royston, GA 30662
      View Details
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    Royston, GA 30662
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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.

    More about this property
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