Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    124 Martin Luther King Jr Blvd Hinesville, GA 31313
    Back to Search
    Property profile & analytics

    124 Martin Luther King Jr Blvd, Hinesville, GA 31313

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 124 Martin Luther King Jr Blvd

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 0-unit commercial land parcel, located at 124 W Martin Luther King Jr Boulevard in Hinesville, Georgia, presents a unique investment opportunity. Priced at $599,900, this special purpose property offers significant potential for development. Situated in Emanuel County, the property boasts a convenient location on West MLK Jr Blvd, providing excellent visibility and accessibility. The address is precisely 124 W Martin Luther King Jr Boulevard, Hinesville, GA 31313, with GPS coordinates of 31.8305871 latitude and -81.6254283 longitude. The property is classified as commercial land, offering a blank canvas for a variety of commercial ventures. Given its strategic location and asking price, this property represents a compelling investment for those seeking a foothold in the thriving Hinesville market. The absence of existing units allows for complete customization and design flexibility, catering to a wide range of development possibilities. Serious inquiries are encouraged to explore the full potential of this prime commercial land offering. Further details regarding zoning and permitted uses are available upon request. This is a rare opportunity to acquire a strategically located commercial property in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hinesville
    County
    Emanuel
    State
    Georgia
    Longitude
    -81.6254
    Latitude
    31.8306

    Comparable in this City

    • Value Estimation by Request

      196 196

      Land
      196 196, Hinesville, GA 31313
      View Details
    • Value Estimation by Request

      818 Oglethorpe Hwy Hwy

      Land
      818 Oglethorpe Hwy Hwy, Hinesville, GA 31313
      View Details
    • Value Estimation by Request

      Oglethorpe Hwy Hwy

      Land
      0 Oglethorpe Hwy Hwy, Midway, GA 31313
      View Details
    • Value Estimation by Request
      2,675 SF

      2173 Oglethorpe Hwy

      Land
      2173 Oglethorpe Hwy, Hinesville, GA 31313
      View Details
    • Value Estimation by Request
      1,468 SF

      601 Tupelo Trl

      Land
      601 Tupelo Trl, Hinesville, GA 31313
      View Details
    • Value Estimation by Request

      2985 Oglethorpe Hwy Hwy

      Land
      2985 Oglethorpe Hwy Hwy, Hinesville, GA 31313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,744 SF

      Hinesville Commercial Property For Sale

      Value-add commercial property with long-term appreciation potential in Hinesville, GA.
      103 Ralph Quarterman Dr, Hinesville, GA 31313
      View Details
    • Contact for pricing

      Retail Development Opportunity Near Fort Stewart

      Excellent retail development opportunity near Fort Stewart Gate 7.
      West 15Th St, Hinesville, GA 31313
      View Details
    • $650,000
      3.30 Acres

      Prime Hinesville Development Land

      3.3 Acres, R20 Zoning, High Traffic
      0 Oglethorpe Hwy, Midway, GA 31313
      View Details
    • Contact for pricing
      11,325 SF

      Income-Producing Parking Lot Investment

      NNN leased parking lot with redevelopment potential.
      106 General Screven Way, Hinesville, GA 31313
      View Details
    • Contact for pricing
      3,562 SF

      Hinesville Land For Retail Development

      Prime land in Hinesville's Overlay District, ideal for retail.
      139 West Oglethorpe Hwy, Hinesville, GA 31313
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      750 SF

      Hinesville Commercial Space For Rent

      Commercial space available for lease in Hinesville, Georgia.
      502-C E General Stewart Way, Hinesville, GA 31313
      View Details
    • New
      $3,600 /Mo
      87,120 SF

      Commercial Land with Frontage

      Commercial property for lease with frontage and parking.
      5742 N Coastal Hwy, Fleming, GA 31313
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Hinesville, Georgia.
      Hwy 196, Hinesville, GA 31313
      View Details
    • Contact for pricing
      2,400 SF

      Hinesville Retail Space Available

      Retail property available for lease in Hinesville, Georgia.
      537 W Oglethorpe Hwy, Hinesville, GA 31313
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on General Screven

      Retail space available for rent on General Screven Way.
      104 W General Screven Way, Hinesville, GA 31313
      View Details
    • Contact for pricing

      Restaurant Space Near Kroger

      Outparcel to Kroger with high traffic and ample parking.
      543 W Oglethorpe Hwy, Hinesville, GA 31313
      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.
    124 Martin Luther King Jr Blvd
    Hinesville, GA 31313
    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
    124 Martin Luther King Jr Blvd, Hinesville, GA, 31313
    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!