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    2098 Us-17 Richmond Hill, GA 31324

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    2098 Us-17 Richmond Hill, GA 31324

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    • Retail properties & Spaces
    • 2,325 SF
    • 0.77 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2098 Us-17

    Year built
    2024
    Lot size
    0.77 lot acres
    Property size
    2,325 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Hill
    County
    Bryan
    State
    Georgia
    Longitude
    -81.3108
    Latitude
    31.9527

    Comparable in this City

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      2.31 Acres

      144 Richmond Hl

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      1,716 SF

      4110 Us Hwy 17

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,716 SF
      4110 Us Hwy 17, Richmond Hill, GA 31324-3306
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      3,916 SF

      4040 Us Hwy 17

      RESTAURANT • 3,916 SF
      4040 Us Hwy 17, Richmond Hill, GA 31324-3305
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      2,212 SF

      3944 Us Hwy 17

      RESTAURANT • 2,212 SF
      3944 Us Hwy 17, Richmond Hill, GA 31324-3360
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    • Value Estimation by Request
      2,677 SF

      4585 Us Hwy 17

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,677 SF
      4585 Us Hwy 17, Richmond Hill, GA 31324-3351
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    • Value Estimation by Request
      1,902 SF

      40 Oleander St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,902 SF
      40 Oleander St, Richmond Hill, GA 31324
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      Richmond Hill Shopping Center For Sale

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      Richmond Hill Estate Lot

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    • Contact for pricing

      Richmond Hill Land For Sale

      Land available for sale in Richmond Hill, Georgia.
      4035 Us Highway 17, Richmond Hill, GA 31324
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    • $179,000
      0.52 Acres

      Richmond Hill Corner Lot

      Rare 0.52-acre corner lot in Richmond Hill's premier community.
      21 Ossabaw Ct, Richmond Hill, GA 31324
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    Similar Nearby for Lease

    • $3,000 /Mo
      23,522 SF

      High-Visibility Commercial Site For Lease

      Cleared, shovel-ready commercial pad site near I-95 Exit 90.
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      Retail Space Available For Rent

      Retail space available, offering 1,750 square feet.
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    • $15 SF/Yr

      Richmond Hill Neighborhood Shopping Center

      Anchored shopping center in the heart of Richmond Hill, Georgia.
      9701 Ford Ave, Richmond Hill, GA 31324
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      Retail Space in Richmond Hill

      Retail space available for lease in Richmond Hill, GA.
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      Richmond Hill Flex/Industrial Space

      Flex/light industrial space in Richmond Hill's Ford Park of Commerce.
      150 Thunderbird Dr, Richmond Hill, GA 31324
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      Industrial Warehouse Space For Lease

      Light industrial warehouse space available for lease in Richmond Hill.
      80 Shelby Ln, Richmond Hill, GA 31324
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    2098 Us-17
    Richmond Hill, GA 31324
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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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