Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1209 Iris Lake Rd McDonough, GA 30252
    Back to Search
    Property profile & analytics

    1209 Iris Lake Rd, McDonough, GA 30252

    View on Map
    • Mobile home & RV parks
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 1209 Iris Lake Rd

    Property type
    Mobile home & RV parks
    Property subtype
    Hospitality properties

    Description

    This exceptional 67.69± acre property in McDonough, Georgia (Henry County, zip code 30252, located at 1209 Iris Lake Rd) presents a unique investment opportunity. Currently operating as an established RV park with existing rental income, this property boasts a private 22± acre lake, providing significant potential for expansion and development. The land is zoned RA and utilities are readily available, making it ideal for various hospitality ventures. The expansive acreage offers ample room for future growth, including the development of a lakefront community. This "as is" offering is priced below market value and eliminates any zoning contingencies, presenting a compelling opportunity for immediate acquisition and development. The property's location in Henry County, Georgia, offers convenient access to major transportation routes and amenities. This is a rare chance to acquire a substantial, income-generating property with significant upside potential in a desirable location. The existing infrastructure and established rental income stream provide a solid foundation for immediate returns and future expansion. Don't miss this chance to own a thriving business with substantial growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.115
    Latitude
    33.3982

    Comparable in this City

    • Value Estimation by Request
      47.67 Acres

      Laney Rd

      Land
      0 Laney Rd, Locust Grove, GA 30252
      View Details
    • Value Estimation by Request
      2.37 Acres

      3740 Highway 81

      Land
      3740 Highway 81, McDonough, GA 30252
      View Details
    • Value Estimation by Request
      186,320 SF

      1409 Ga-42

      Distribution properties
      1409 Ga-42, McDonough, GA 30252
      View Details
    • Value Estimation by Request
      1.99 Acres

      Lake Pkwy

      Land
      0 Lake Pkwy, McDonough, GA 30252
      View Details
    • Value Estimation by Request
      0.23 Acres

      Turner Church Rd

      INDUSTRIAL - VACANT LAND
      Turner Church Rd, Mcdonough, GA 30252
      View Details
    • Value Estimation by Request
      0.99 Acres

      John R Williams Pkwy

      VACANT COMMERCIAL LAND
      John R Williams Pkwy, Mcdonough, GA 30252
      View Details

    Similar Nearby for Sale

    • $510,000
      Pending

      Updated Home on Large Lot

      Updated 4-bedroom home on 1.6 acres in Ola School District.
      460 Holly Hills Ln, McDonough, GA 30252
      View Details
    • $510,000
      Pending

      Updated Home on Landscaped Grounds

      Updated home on 1.6 acres in Ola School District.
      460 Holly Hills Ln, McDonough, GA 30252
      View Details
    • $405,720
      19.32 Acres

      Mcdonough, GA Acreage Tract

      Large acreage tract in the East Lake district of Henry County.
      2138 N Ola Rd, McDonough, GA 30252
      View Details
    • $3,399,999
      21.52 Acres

      Prime Commercial Land in McDonough

      21.52 acres in McDonough's commercial corridor, suitable for development.
      491 Highway 81 E, McDonough, GA 30252
      View Details
    • $1,898,000
      38.29 Acres

      38+ Acres in Ola District

      38.29 acres in McDonough's Ola School District.
      732 New Hope Rd, McDonough, GA 30252
      View Details
    • $200,000
      6.72 Acres

      Residential Land in Prime Location

      6.72-acre tract ideal for building your dream home.
      Turner Church Rd, McDonough, GA 30252
      View Details

    Similar Nearby for Lease

    • $7,800 /Mo
      7,200 SF

      Mcdonough Commercial Space For Lease

      7200 SF commercial building on 2 acres for lease.
      1926 Highway 155 N, McDonough, GA 30252
      View Details
    • Contact for pricing
      1,219,826 SF

      Highway Frontage Commercial Property

      Large commercial property available for rent along Highway 42.
      1325 Highway 42 S, McDonough, GA 30252
      View Details
    • Contact for pricing
      1,219,826 SF

      Commercial Property for Rent

      Large commercial property available for rent in McDonough, Georgia.
      1305 Highway 42 South, McDonough, GA 30252
      View Details
    • $2,300 /Mo
      1,500 SF

      Professional Office Space Available

      1,500 SF office space near McDonough Square.
      360 Racetrack Rd, McDonough, GA 30252
      View Details
    • Contact for pricing

      Retail Strip Center in McDonough

      Neighborhood retail center with flexible spaces for lease.
      294-298 Racetrack Rd, McDonough, GA 30252
      View Details
    • Contact for pricing
      14,898 SF

      Move-In Ready Retail Space Available

      Retail space in well-maintained center with diverse tenants.
      2137-2137 Highway 155 N, McDonough, GA 30252
      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.
    1209 Iris Lake Rd
    McDonough, GA 30252
    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
    1209 Iris Lake Rd, McDonough, GA, 30252
    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!