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    Houston Lake Rd Warner Robins, GA 31088
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    Houston Lake Rd, Warner Robins, GA 31088

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    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 0 Houston Lake Rd

    Property type
    Residential income homes

    Description

    This exceptional 12.94-acre parcel presents a remarkable opportunity for multifamily development in Warner Robins, Georgia. Strategically located on Russell Parkway, between South Houston Lake Road and Interstate 75 (Exit 144), this property boasts a high-traffic count, ensuring excellent visibility and accessibility. The land is zoned C-2, allowing for a variety of multifamily uses, making it ideal for a single-family rental portfolio. Significant infrastructure is already in place, including water, sewer, a driveway, and a detention system, significantly reducing development costs and timelines. This ready-to-build site eliminates the need for extensive upfront infrastructure investment, allowing developers to focus on construction and project completion. The asking price for this prime development land is $800,000. Its location near Interstate 75 provides easy access to major transportation routes, enhancing its appeal to potential residents. Given the existing infrastructure and desirable location, this property represents a compelling investment opportunity for developers seeking to capitalize on the growing demand for multifamily housing in the Warner Robins area. The property is situated in Houston County, Georgia, with a zip code of 31088. The coordinates are 32.592522 latitude and -83.6681184 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6681
    Latitude
    32.5925

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      122 Byrd Way

      STORE/OFFICE (MIXED USE)
      122 Byrd Way, Warner Robins, GA 31088-8971
      View Details
    • Value Estimation by Request
      5,400 SF

      1108 Russell Pkwy

      STORE/OFFICE (MIXED USE)
      1108 Russell Pkwy, Warner Robins, GA 31088-5734
      View Details
    • Value Estimation
      $530,000
      6,820 SF

      1259 Russell Pkwy

      STORE/OFFICE (MIXED USE)
      1259 Russell Pkwy, Warner Robins, GA 31088-5594
      View Details
    • Value Estimation
      $1,600,000
      4,800 SF

      599 Houston Lk Rd

      STORE/OFFICE (MIXED USE)
      599 Houston Lk Rd, Warner Robins, GA 31088-6309
      View Details
    • Value Estimation
      $740,000
      5,175 SF

      1219 Houston Lk Rd

      STORE/OFFICE (MIXED USE)
      1219 Houston Lk Rd, Warner Robins, GA 31088-2759
      View Details
    • Value Estimation by Request
      1,836 SF

      338 Corder Rd, Unit B

      STORE/OFFICE (MIXED USE)
      338 Corder Rd, Warner Robins, GA 31088-3610
      View Details

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      Russell Pkwy Commercial Land for Sale

      3.32 Acres, Prime Commercial Location
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      0.21 Acres

      Residential Lot in Warner Robins

      Residential lot available in Warner Robins, Georgia.
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    Similar Nearby for Lease

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      Office Building Sublease Opportunity

      Office building available for sublease at 300 Margie Drive.
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      Former Popeyes Prime Retail Opportunity

      Former Popeyes location with high visibility and strong customer flow.
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      Retail Space For Rent

      Retail space available in high-traffic Warner Robins location.
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      2,000 SF

      Medical Office Space Available

      2,000 SF medical office space for lease.
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      Office Space with Utilities Included

      Office space for rent with utilities included near I-75.
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      Office and Retail Spaces Available

      Office and retail spaces for lease in Warner Robins.
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    Warner Robins, GA 31088
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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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    Houston Lake Rd, Warner Robins, GA, 31088
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