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    300 Cherokee St Americus, GA 31709

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    300 Cherokee St Americus, GA 31709

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    • Specialty properties
    • 73,000 SF
    • 9.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cherokee Elementary / High School
    • Sumter County Head Start / High School / Daycare Center

    Property Details for 300 Cherokee St

    Lot size
    9.00 lot acres
    Property size
    73,000 SF
    Property type
    Specialty properties
    Property subtype
    Schools

    Description

    This exceptional 73,000 square foot special purpose property located at 300 Cherokee St, Americus, Georgia, 31709, presents a unique investment opportunity. Situated on a generous 9-acre lot, this former public school building offers substantial space and potential for various redevelopment projects. The building itself boasts a comprehensive layout including numerous classrooms, administrative offices, a sizable lunchroom, an auditorium, a fully equipped kitchen, and ample restroom facilities. The property's substantial size allows for flexibility in repurposing, catering to a wide range of potential uses. Beyond the main building, the property features a large playground area at the rear, adding to its overall appeal and potential for outdoor activities or expansion. Constructed with typical masonry, the building demonstrates robust construction. This prime location in Sumter County offers easy access to local amenities and transportation networks. The property is being offered for sale and presents a compelling opportunity for investors seeking a significant property with substantial redevelopment potential in a growing community. The expansive lot size and existing infrastructure provide a solid foundation for a variety of future uses. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Americus
    County
    Sumter
    State
    Georgia
    Longitude
    -84.2133
    Latitude
    32.0677

    Comparable in this City

    • Value Estimation by Request
      13,171 SF

      130 Dodson St

      Schools • 13,171 SF
      130 Dodson St, Americus, GA 31709
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    • Value Estimation by Request
      73,000 SF

      300 Cherokee St

      Schools • 73,000 SF
      300 Cherokee St, Americus, GA 31709
      View Details
    • Value Estimation by Request
      0.33 Acres

      615 Jefferson St

      CHARITABLE ORGANIZATION • 0.33 Acres
      615 Jefferson St, Americus, GA 31709-3727
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    • Value Estimation by Request
      6,462 SF

      952 Anthony Dr

      CHARITABLE ORGANIZATION • 6,462 SF
      952 Anthony Dr, Americus, GA 31709-4634
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    • Value Estimation by Request
      3,780 SF

      1037 Fetner Dr

      VETERINARY, ANIMAL HOSPITAL • 3,780 SF
      1037 Fetner Dr, Americus, GA 31709-3712
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    • Value Estimation by Request
      0.18 Acres

      121 Habitat St

      CHARITABLE ORGANIZATION • 0.18 Acres
      121 Habitat St, Americus, GA 31709-3423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      73,000 SF

      Former School Facility on Nine Acres

      73,000 SF former school on ~9 acres for sale.
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    • $491,000
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    Similar Nearby for Lease

    • Contact for pricing

      Americus Educational Campus on 9.3 Acres

      73,000 SF institutional facility for lease or purchase.
      300 Cherokee St, Americus, GA 31709
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    • Contact for pricing

      Americus Village Retail Space Available

      Divisible retail suites from 800 to 9,975 SF for lease.
      1610 E Forsyth St, Americus, GA 31709
      View Details
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    Americus, GA 31709
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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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