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    988 Byp Anne Heights, GA 30673

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 988 Byp

    Property type
    Land

    Description

    This exceptional 13-acre property in Washington, Georgia, presents a remarkable development opportunity. Located in Wilkes County, near Anne Heights, at 988 Bypass, zip code 30673, this parcel boasts a strategic location between a thriving commercial district and a well-established residential neighborhood, with convenient access to a 4-lane state highway. The property includes a mature pecan orchard, offering both aesthetic appeal and potential agricultural income. An existing home is situated on the land, providing a foundation for renovation or potential demolition and new construction. The property's high visibility and accessibility make it ideal for various development projects, including high-density residential construction or commercial ventures. Its proximity to shopping, dining, and major transportation routes further enhances its appeal. Access is available from Bypass or via an additional lot owned by the seller on Berkshire Dr (parcel W38 069). The asking price for this unique investment is $499,900. This is a rare chance to acquire a significant parcel of land with immense potential in a rapidly growing area. Don't miss this opportunity to shape the future of this prime real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Anne Heights
    County
    Wilkes
    State
    Georgia
    Longitude
    -82.7175
    Latitude
    33.7332

    Comparable in this City

    • Value Estimation by Request
      51.84 Acres

      North St

      Land • 51.84 Acres
      0 North St, Washington, GA 30673
      View Details
    • Value Estimation by Request
      15.00 Acres

      Sheraton Dr

      Farms • 15.00 Acres
      0 Sheraton Dr, Washington, GA 30673
      View Details
    • Value Estimation by Request
      15.00 Acres

      Sheraton Dr

      Farms • 15.00 Acres
      0 Sheraton Dr, Washington, GA 30673
      View Details
    • Value Estimation
      $295,000
      1,188 SF

      195 Alexander Ave

      COMMERCIAL (GENERAL) • 1,188 SF
      195 Alexander Ave, Washington, GA 30673-1541
      View Details
    • Value Estimation
      $160,000
      780 SF

      Trlr Park Rd Rd Baston

      COMMERCIAL (GENERAL) • 780 SF
      Trlr Park Rd Rd Baston, Washington, GA 30673
      View Details
    • Value Estimation
      $295,000
      1,748 SF

      812 Robert Toombs Ave

      COMMERCIAL (GENERAL) • 1,748 SF
      812 Robert Toombs Ave, Washington, GA 30673-2049
      View Details

    Similar Nearby for Sale

    • $2,750,000
      51.84 Acres

      Washington, GA Commercial Land

      51 Acres, High-Traffic Intersection
      0 North St, Washington, GA 30673
      View Details
    • Contact for pricing
      15.00 Acres

      Prime Wilkes County Farmland

      15 Acres, AG Zoning, High Traffic
      0 Sheraton Dr, Washington, GA 30673
      View Details
    • Contact for pricing
      15.00 Acres

      Prime Wilkes County Farmland

      15 Acres, High-Traffic Location
      0 Sheraton Dr, Washington, GA 30673
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    • $255,000

      Land Adjacent to Bypass

      Mixed-use site near downtown Washington with high traffic.
      N Sheraton Dr, Washington, GA 30673
      View Details
    • Contact for pricing
      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes near Highway 78.
      Newtown Rd, Washington, GA 30673
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    • Contact for pricing
      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes near Highway 78.
      Newtown Rd, Washington, GA 30673
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      3,360 SF

      Washington, GA Office Building

      3,360 SF office building for lease in Washington, GA.
      208 Gordon St, Washington, GA 30673
      View Details
    • $3 SF/Yr
      12,500 SF

      Prime Washington Retail Space

      12,500 SF Former Badcock - Excellent Visibility
      925 Bypass, Washington, GA 30673
      View Details
    • $3 SF/Yr
      86,600 SF

      86,600 SF Warehouse, Washington, GA

      Prime Industrial Space; 36 Acres; Excellent Location
      1664 Sharon Rd, Washington, GA 30673
      View Details
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    988 Byp
    Anne Heights, GA 30673
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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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