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

    32 Hwy Buena Vista, GA 31803

    • Office Properties & Spaces
    • 2,797 SF
    • 4.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 32 Hwy

    Year built
    1966
    Lot size
    4.66 lot acres
    Property size
    2,797 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property in Buena Vista, Georgia, presents a unique investment opportunity. Spanning 4.66 acres at 32 West Highway 137 (APN C15 5), this strategically located site boasts three established entrances, readily available power, county water, and sewer connections. The property features a 2,797 square foot brick building, previously utilized as a general store and office, offering significant potential for restoration and repurposing. A historic brick "Grist Mill" building, the state's first electrically powered mill, adds character and potential for a unique business venture. Two WWII-era steel Quonset huts (approximately 21' x 48' each) provide additional space ideal for storage rentals, workshops, or other commercial uses. The property's prime location on Highways 137 and 41 places it directly across from Phoebe Medical Center, Eagle Foods, a gas station, and a fitness center, ensuring high visibility and accessibility. This thriving area offers significant growth potential. The property is available for purchase as a whole or in smaller tracts, providing flexibility for various investment strategies. The open and level lot is ready for immediate development, making it an ideal location for a diverse range of commercial ventures. The existing structures are in good condition and present opportunities for immediate income generation through leasing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buena Vista
    County
    Marion
    State
    Georgia
    Longitude
    -84.5305
    Latitude
    32.3335

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      2077 Hwy

      Land • 1.00 Acre
      2077 Hwy, Buena Vista, GA 31803
      View Details
    • Value Estimation by Request
      182.00 Acres

      8543 Johnson Marion County

      Land • 182.00 Acres
      8543 Johnson Marion County, Buena Vista, GA 31803
      View Details
    • Value Estimation
      $250,000
      1,008 SF

      Hwy 41st N

      MINI-WAREHOUSE, STORAGE • 1,008 SF
      Hwy 41st N, Buena Vista, GA 31803
      View Details
    • Value Estimation
      $455,000
      23,400 SF

      3287 Ga Hwy 41st S

      MINI-WAREHOUSE, STORAGE • 23,400 SF
      3287 Ga Hwy 41st S, Buena Vista, GA 31803-8211
      View Details
    • Value Estimation
      $185,000
      4,800 SF

      386 Industrial Blvd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      386 Industrial Blvd, Buena Vista, GA 31803
      View Details
    • Value Estimation
      $320,000
      9,300 SF

      1028 Ga Hwy 41st N

      MINI-WAREHOUSE, STORAGE • 9,300 SF
      1028 Ga Hwy 41st N, Buena Vista, GA 31803-5200
      View Details

    Similar Nearby for Sale

    • $269,000
      55.45 Acres

      55+ Acres Untouched Paradise

      Beautiful forest land with mature trees, ideal for hunting.
      0355 55.4 Acres Ga Hwy, Buena Vista, GA 31803
      View Details
    • $2,250,988
      750.11 Acres

      750 Acres of Timber Land

      Large timberland property available for sale in Buena Vista, Georgia.
      Ga Hwy 0026, Buena Vista, GA 31803
      View Details
    • $200,000
      40.00 Acres

      40 Acres of Agricultural Land

      40 acres of agricultural land for sale in Buena Vista.
      Burginville R Burginville Rd, Buena Vista, GA 31803
      View Details
    • $179,900
      3,500 SF

      Auto Repair Shop on Highway

      High-traffic commercial property with a 3-bay auto repair shop.
      224 E 6Th Ave, Buena Vista, GA 31803
      View Details
    • $3,950,000
      117,602 SF

      Former School on 53 Acres

      117,602 SF facility ideal for institutional or commercial use.
      656 Ga Highway 30, Buena Vista, GA 31803
      View Details
    • $179,900
      3,500 SF

      Turnkey Auto Shop on Highway

      Move-in-ready commercial property with auto repair shop in Buena Vista.
      224 E 6Th Ave, Buena Vista, GA 31803
      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.
    32 Hwy
    Buena Vista, GA 31803
    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.