Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    127 Houston Lake/ Hwy Perry, GA 31069

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    127 Houston Lake/ Hwy Perry, GA 31069

    View on Map
    • Commercial real estate
    • 4.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 127 Houston Lake/ Hwy

    Lot size
    4.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.5-acre commercial property boasts a highly desirable location in Perry, Georgia, directly accessible from Highway 127. The expansive lot presents a significant opportunity for a wide range of commercial ventures. Its strategic positioning offers excellent visibility and convenient access for customers and employees. The property's size allows for substantial development potential, accommodating various building sizes and layouts to suit diverse business needs. Whether you envision a retail center, warehouse facility, or other commercial enterprise, this location provides a strong foundation for success. The property is situated in a growing area of Perry, offering access to a robust local market and a convenient commute for employees. The absence of existing structures provides a blank canvas for custom development, allowing for complete control over design and functionality. This prime commercial land represents a rare opportunity to establish a thriving business in a strategic and highly visible location. The asking price of $395,000 reflects the significant potential and value this property offers. Serious inquiries are encouraged to explore the possibilities this exceptional location presents. The property's address is Houston Lake/Hwy 127, Perry, GA. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Houston County
    State
    Georgia
    Longitude
    -83.7264
    Latitude
    32.4596

    Comparable in this City

    • Value Estimation by Request
      552 SF

      341 Hwy

      Commercial real estate • 552 SF
      341 Hwy, Perry, GA 31069
      View Details
    • Value Estimation by Request
      0.13 Acres

      902nd Commerce St

      COMMERCIAL (GENERAL) • 0.13 Acres
      902nd Commerce St, Perry, GA 31069-3322
      View Details
    • Value Estimation by Request
      0.23 Acres

      116 Hay Rd

      COMMERCIAL (GENERAL) • 0.23 Acres
      116 Hay Rd, Perry, GA 31069-9668
      View Details
    • Value Estimation by Request
      0.08 Acres

      240 Todd Rd

      COMMERCIAL (GENERAL) • 0.08 Acres
      240 Todd Rd, Perry, GA 31069-9313
      View Details
    • Value Estimation by Request
      14.40 Acres

      Hwy 41

      Land • 14.40 Acres
      0 Hwy 41, Perry, GA 31069
      View Details
    • Value Estimation by Request
      276,104 SF

      104 Panther Path Dr

      Commercial real estate • 276,104 SF
      104 Panther Path Dr, Perry, GA 31069
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.01 Acres

      Prime Perry Commercial Land

      4 Acres, High-Growth Potential
      1802 Houston Lake Rd, Perry, GA 31069
      View Details
    • $450,000
      552 SF

      Prime Perry Commercial Property

      1.5-Acre Lot, 552 sq ft Building
      341 Hwy, Perry, GA 31069
      View Details
    • $1,850,000
      11.49 Acres

      Prime Perry, GA Commercial Land

      11.49 Acres, $1.85M
      Hwy 41 & Langston Rd, Perry, GA 31069
      View Details
    • $1,250,000
      7.00 Acres

      Perry Parkway Commercial Development Opportunity

      Prime commercial land for development in a high-growth area.
      20-A Perry Pkwy, Perry, GA 31069
      View Details
    • $1,278,530
      19.70 Acres

      Perry, GA Multifamily Development Land

      19.7 acre parcel suitable for multifamily development in Perry, GA.
      Airport Rd, Perry, GA 31069
      View Details
    • $85,000
      0.60 Acres

      Lakefront Lot on Lake Joy

      Spacious 0.6-acre lakefront lot with dock and boat launch.
      304 N Lake Dr, Perry, GA 31069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Perry Commercial Land Lease Opportunity

      Commercial ground lease opportunity in Perry, Georgia, divisible 1.58 acres.
      1334 Sam Nunn Blvd, Perry, GA 31069
      View Details
    • Contact for pricing

      Commercial Ground Lease Opportunity

      1.58 acres of divisible commercial land for ground lease.
      702 Joe Louis Dr, Perry, GA 31069
      View Details
    • Contact for pricing

      Office Space for Lease

      6,396 sq ft office space available for lease.
      103 Industrial Park Dr, Perry, GA 31069
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      702 Walcott St, Perry, GA 31069
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      704 Walcott St, Perry, GA 31069
      View Details
    • Contact for pricing

      Commercial Ground Lease Opportunity

      Divisible commercial land for ground lease with utilities available.
      1320 Sam Nunn Blvd, Perry, GA 31069
      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.
    127 Houston Lake/ Hwy
    Perry, GA 31069
    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

    127 Houston Lake/ Hwy, Perry, GA, 31069

    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!