Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    721 Hosannah Rd Locust Grove, GA 30248

    Property Lookup

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

    721 Hosannah Rd Locust Grove, GA 30248

    View on Map
    • Land
    • 117.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 721 Hosannah Rd

    Lot size
    117.17 lot acres
    Property type
    Land

    Description

    This exceptional 117.17-acre property, located at 721 Hosannah Rd, Locust Grove, GA 30248 (APN 131-01021000), presents a unique opportunity for residential development. The land offers a compelling blend of pasture and wooded areas, providing both open space and natural beauty. Significant road frontage is a key feature, boasting over 2,100 feet along Hosannah Road. The gently rolling to level topography adds to its appeal. Beyond the road frontage, the property benefits from nearly 4,000 feet of frontage along Indian Creek, enhancing its privacy and seclusion. Despite its tranquil setting, this location provides easy access to the convenience of I-75, placing it within minutes of Tanger Outlet and the amenities along Bill Gardner Parkway. The area also offers a variety of attractions, including Noah's Ark animal sanctuary and the charming downtown Locust Grove. Highly-rated schools are also nearby. Situated just north of the Butts County line in Henry County, this property is ideally positioned within a rapidly growing corridor along I-75, making it an attractive investment for future development. The asking price is $2,626,325.

    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
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.0961
    Latitude
    33.3055

    Comparable in this City

    • Value Estimation by Request

      Shoal Creek Rd

      Land
      0 Shoal Creek Rd, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      16.87 Acres

      Locust Rd

      Agricultural land / Farmland • 16.87 Acres
      0 Locust Rd, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      9.75 Acres

      Tanger Dr

      Land • 9.75 Acres
      0 Tanger Dr, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      17.03 Acres

      L G Griffin Rd

      Land • 17.03 Acres
      0 L G Griffin Rd, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      15.64 Acres

      Trestle Rd

      Land • 15.64 Acres
      0 Trestle Rd, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      38.25 Acres

      Market Pl Blvd

      Land • 38.25 Acres
      0 Market Pl Blvd, Locust Grove, GA 30248
      View Details

    Similar Nearby for Sale

    • $5,180,000

      25.90 Acres in Locust Grove

      25.90 acres of land for sale in Locust Grove.
      00 Hampton Locust Grove Rd, Locust Grove, GA 30248
      View Details
    • $1,200,000
      65.73 Acres

      Land with Lake in Locust Grove

      Multiple land parcels available, including acreage with a lake.
      678 Seabolt Rd, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Picturesque Acreage with Pond

      16.87 acres with pond, timber, and homesite potential.
      Locust Rd, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Land For Sale, Locust Grove

      Land available for sale in Locust Grove, Henry County, GA.
      155 At Mcintosh Dr, Locust Grove, GA 30248
      View Details
    • $289,900
      29.29 Acres

      Wooded Land in Locust Grove

      29.29 acres of wooded land with stream.
      1430 Cleveland Farm Rd, Locust Grove, GA 30248
      View Details
    • $2,626,325

      Pasture and Wooded Land Available

      Land with road and creek frontage near I-75.
      721 Hosannah Rd, Locust Grove, GA 30248
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,800 SF

      Locust Grove Retail Center - New!

      Prime Retail Space, 8,800 SF, 2 Acres
      4939 Bill Gardner Pkwy, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Retail Spaces and Commercial Land

      Retail spaces and commercial land available for rent.
      2642-2867 Highway 155, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Retail Opportunity

      Retail space and outparcels available near Tanger Outlet Center.
      2642-2867 Highway 155, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Retail Opportunity

      Retail and restaurant space for lease near Tanger Outlets.
      4518 Highway 42, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Warehouse Space Available

      Warehouse space available for rent in Locust Grove, Georgia.
      600 Price Dr, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      903,701 SF

      Stonemont Park 75 South: Class A Warehouses

      Locust Grove, GA: New Class A industrial space.
      0 Pne Grv Rd, Locust Grove, GA 30248
      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.
    721 Hosannah Rd
    Locust Grove, GA 30248
    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

    721 Hosannah Rd, Locust Grove, GA, 30248

    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!