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    208 Sr 96 Bonaire, GA 31005

    • Land
    • 4.09 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 208 Sr 96

    Lot size
    4.09 lot acres
    Property type
    Land

    Description

    This exceptional 4.09-acre commercial land parcel presents a remarkable investment opportunity in the thriving Bonaire, Georgia market. Strategically located on Highway 96, this property enjoys high visibility and convenient access, boasting significant frontage along a major thoroughfare. Its prime location near the newly constructed interchange with Highway 247 and the established Publix shopping center at the intersection of Highways 247 and 96 ensures exceptional exposure to a substantial volume of daily traffic. This translates to unparalleled potential for a wide range of commercial developments, from retail spaces and restaurants to office buildings and other commercial ventures. The asking price is $900,000, representing a land value of $225,000 per acre. The property's address is 208 SR 96, Bonaire, GA 31005, situated in Houston County. Given its size, location, and proximity to key retail and transportation infrastructure, this land parcel offers a unique chance to capitalize on the continued growth and development within this dynamic area. The property's location near the new interchange provides easy access for customers and employees, enhancing its overall appeal and commercial viability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonaire
    County
    Houston
    State
    Georgia
    Longitude
    -83.6084
    Latitude
    32.5508

    Comparable in this City

    • Value Estimation by Request
      3.70 Acres

      96 & Houston Lk Rd

      Land • 3.70 Acres
      96 & Houston Lk Rd, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      1.57 Acres

      247 And Sandy Run

      Land • 1.57 Acres
      247 And Sandy Run, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      14.42 Acres

      96/Peach Blossom Hwy

      Land • 14.42 Acres
      96/Peach Blossom Hwy, Bonaire, GA 31005
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    • Value Estimation by Request
      2.01 Acres

      1278 Houston Lk Rd

      Land • 2.01 Acres
      1278 Houston Lk Rd, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      8,000 SF

      116 Sandy Pointe Dr

      Restaurants • 8,000 SF
      116 Sandy Pointe Dr, Bonaire, GA 31005
      View Details
    • Value Estimation by Request
      39.30 Acres

      247 Hwy

      Land • 39.30 Acres
      247 Hwy, Kathleen, GA 31005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.84 Acres

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      Bryson Crossing: 260-Unit Apartment Site

      Prime 23.8-acre apartment development site in Warner Robins, GA.
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      39.30 Acres

      Hwy 247 Commercial Land - Georgia

      39.3 Acres, High-Growth Area, Hwy 96 Access
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    • $375,000

      Bonaire Commercial Land Investment

      High-Visibility Retail Land in Bonaire, GA
      116 Sandy Pointe Dr, Bonaire, GA 31005
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    • Contact for pricing
      5.58 Acres

      Bonaire Land: Highway 96 Acreage

      5.58 Acres, Highway 96 Frontage
      0 Sr 96, Bonaire, GA 31005
      View Details
    • $900,000
      4.09 Acres

      Prime Bonaire Commercial Land

      4+ Acres Hwy 96, High Visibility
      208 Sr 96, Bonaire, GA 31005
      View Details
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    208 Sr 96
    Bonaire, GA 31005
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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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