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    1001 Bypass Washington, GA 30673

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    1001 Bypass Washington, GA 30673

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    • Commercial real estate
    • 49.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1001 Bypass

    Year built
    1900
    Lot size
    49.84 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 50+ acre commercial property presents a unique investment opportunity in Washington, Georgia. Strategically located on the North Bypass, at the intersection of Highways 378, 17, 10, and 78, this parcel boasts unparalleled visibility and accessibility. The high-traffic location ensures maximum exposure for any business. Existing infrastructure includes a split median and turn lane, optimizing traffic flow and customer convenience. Versatile zoning allows for a wide range of commercial developments, from retail and office space to hospitality or mixed-use projects. The expansive acreage offers ample room for future expansion and diversification. This property benefits from its proximity to established businesses, creating a vibrant commercial ecosystem. Convenient access to amenities, including shopping, dining, and recreation, adds further appeal. The location is approximately 23 miles from I-20 in Thomson, 40 miles from Athens, GA, and 40 miles from Augusta, GA. The property comprises two adjacent parcels (Parcel 075 035, deed 327 508, plat 4 95

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Wilkes
    State
    Georgia
    Longitude
    -82.7149
    Latitude
    33.7295

    Comparable in this City

    • Value Estimation by Request
      1,188 SF

      195 Alexander Ave

      COMMERCIAL (GENERAL) • 1,188 SF
      195 Alexander Ave, Washington, GA 30673-1541
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    • Value Estimation by Request
      780 SF

      Trlr Park Rd Rd Baston

      COMMERCIAL (GENERAL) • 780 SF
      Trlr Park Rd Rd Baston, Washington, GA 30673
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    • Value Estimation by Request
      1,748 SF

      812 Robert Toombs Ave

      COMMERCIAL (GENERAL) • 1,748 SF
      812 Robert Toombs Ave, Washington, GA 30673-2049
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    • Value Estimation by Request
      1.50 Acres

      111 Bobby Jones Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      111 Bobby Jones Rd, Washington, GA 30673
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    • Value Estimation by Request
      5.02 Acres

      5470 Lincolnton Rd

      COMMERCIAL (GENERAL) • 5.02 Acres
      5470 Lincolnton Rd, Washington, GA 30673-4511
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    • Value Estimation by Request
      2,658 SF

      206 Chapman St

      COMMERCIAL (GENERAL) • 2,658 SF
      206 Chapman St, Washington, GA 30673-1742
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Land Available For Sale

      Land available for sale in Washington, Georgia.
      1001 N Bypass, Washington, GA 30673
      View Details
    • Contact for pricing
      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes, near Highway 78.
      Newtown Rd, Washington, GA 30673
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    • Contact for pricing
      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes near Highway 78.
      Newtown Rd, Washington, GA 30673
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      86,600 SF

      1664 Sharon Rd, Washington, GA 30673

      Manufacturing properties • 86,600 SF
      1664 Sharon Rd, Washington, GA 30673
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Furniture Storefront Available

      12,000 SF retail space in main retail area.
      925 Bypass N, Washington, GA 30673
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    • Contact for pricing

      Washington GA Manufacturing Facility

      86,600 SF manufacturing facility on 36.09 acres for lease.
      1664 Sharon Rd, Washington, GA 30673
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    Washington, GA 30673
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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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