Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    18 Harold G. Clarke Pkwy Hwy Forsyth, GA 31029

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

    Current Use by Public Records

    • Land

    Property Details for 18 Harold G. Clarke Pkwy Hwy

    Lot size
    1.54 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1.54-acre industrial land parcel presents a remarkable investment opportunity in Forsyth, Georgia. Strategically located on Harold G. Clarke Pkwy (Hwy 18), this C-4 zoned property boasts unparalleled visibility and accessibility. Situated at a four-way signalized intersection, it benefits from high traffic counts: approximately 5,000 vehicles per day on Hwy 18, 7,000 VPD on Hwy 41S, and a substantial 92,000 VPD on nearby I-75, ensuring maximum exposure for any development. A new Chick-fil-A is under construction directly adjacent to the lot, slated to open in August 2024, further enhancing the property's desirability and value. The site is only 0.3 miles from I-75, providing easy access to major transportation routes. All utilities are readily available. The property's strong commercial environment is underscored by its proximity to established businesses including QuikTrip, Shell, Shoney's, Hutchinson Ford, Circle K, Swint's Candy Company, Hamlin Hills Farm Comfort Suites, and more. Estimated 2023 property taxes are approximately $1,501.37. This is an exceptional opportunity to acquire a highly visible and well-located industrial land parcel in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Forsyth
    County
    Monroe
    State
    Georgia
    Longitude
    -83.9066
    Latitude
    33.0284

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

      Benson Ham Rd

      Land • 8.00 Acres
      0 Benson Ham Rd, Forsyth, GA 31029
      View Details
    • Value Estimation by Request

      Russell Pkwy

      Land
      0 Russell Pkwy, Forsyth, GA 31029
      View Details
    • Value Estimation by Request

      95 Railroad Ave

      Land
      95 Railroad Ave, Forsyth, GA 31029
      View Details
    • Value Estimation by Request
      92.60 Acres

      92/- acres Johnstonville Rd

      Land • 92.60 Acres
      92/- acres Johnstonville Rd, Forsyth, GA 31029
      View Details
    • Value Estimation by Request
      2.15 Acres

      Cabiness Rd

      Land • 2.15 Acres
      0 Cabiness Rd, Forsyth, GA 31029
      View Details
    • Value Estimation by Request
      2.12 Acres

      18 Industrial Park Rd & Hwy

      Land • 2.12 Acres
      18 Industrial Park Rd & Hwy, Forsyth, GA 31029
      View Details

    Similar Nearby for Sale

    • $1,750,000
      8.00 Acres

      Forsyth Industrial Land - 8 Acres

      Prime Forsyth, GA industrial land; I-75 visibility.
      0 Benson Ham Rd, Forsyth, GA 31029
      View Details
    • $3,157,500

      Forsyth, GA Commercial Land Investment

      Prime I-75 location, motel buildings, redevelopment potential.
      130 Frontage Rd, Forsyth, GA 31029
      View Details
    • Contact for pricing

      I-75 Commercial Land - Forsyth, GA

      High-traffic commercial land, excellent visibility.
      0 Russell Pkwy, Forsyth, GA 31029
      View Details
    • $650,000

      Forsyth Commercial Land - $650K

      Prime Forsyth location, mixed-use potential.
      95 Railroad Ave, Forsyth, GA 31029
      View Details
    • $1,600,000
      2.15 Acres

      Forsyth Commercial Land - 2.15 Acres

      High-visibility Forsyth land, I-75 access.
      0 Cabiness Rd, Forsyth, GA 31029
      View Details
    • Contact for pricing
      2.12 Acres

      Industrial Park Rd & Hwy 18

      Land • 2.12 Acres
      0 Industrial Park Rd & Hwy 18, Forsyth, GA 31029
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Furnished Office/Showroom/Warehouse Space

      3,000± SF furnished office, showroom, and warehouse space for lease.
      3 Industrial Park Ct, Forsyth, GA 31029
      View Details
    • Contact for pricing
      32,253 SF

      Forsyth Retail Center Investment

      Prime Forsyth retail space available.
      126 Lee St, Forsyth, GA 31029
      View Details
    • Contact for pricing

      Forsyth, GA Retail Space Available

      New construction retail space with drive-thru, delivering January 2026.
      436-B Tift College Dr, Forsyth, GA 31029
      View Details
    • $14 SF/Yr
      1,200 SF

      Forsyth, GA Coworking Space Lease

      1200 SF Coworking Space, I-75 Access
      109 Patrol Rd, Forsyth, GA 31029
      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.
    18 Harold G. Clarke Pkwy Hwy
    Forsyth, GA 31029
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.