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    507 Hwy Byron, GA 31008
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    507 Hwy Byron, GA 31008

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    • Retail properties & Spaces
    • 1.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 507 Hwy

    Lot size
    1.15 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.15-acre commercial land parcel, located at 507 North Highway 49 in Byron, Georgia (APN: 055D 103), presents a remarkable investment opportunity. Zoned C-3, this site is ideally suited for a variety of retail uses, particularly restaurants. The property boasts a pre-existing retention pond, ensuring efficient drainage, and features convenient ingress and egress directly onto Highway 49, a major thoroughfare experiencing significant growth and development. Its prime location places it amidst a thriving commercial landscape, surrounded by established businesses including Chick-fil-A, Starbucks, Dunkin' Donuts, Burger King, Denny's, Georgia Bob's BBQ, Zaxby's, Dairy Queen, Peach Antique Mall, and numerous hotels. This high-traffic area guarantees excellent visibility and accessibility for any new development. The asking price for this ready-to-build site is $825,000. This property offers a unique chance to capitalize on Byron's booming economy and establish a successful retail venture in a highly desirable location. The property's 1.15-acre size provides ample space for construction and future expansion. Don't miss this opportunity to secure a prominent position in a rapidly developing commercial corridor. Contact us today to learn more.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Byron
    County
    Peach
    State
    Georgia
    Longitude
    -83.7378
    Latitude
    32.6649

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      507 Hwy

      Land • 2,500 SF
      507 Hwy, Byron, GA 31008
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    • Value Estimation by Request
      3,066 SF

      106 Ga-49

      Retail properties & Spaces • 3,066 SF
      106 Ga-49, Byron, GA 31008
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    • Value Estimation by Request
      88.47 Acres

      247 C Between I-75 & Hwy

      Land • 88.47 Acres
      247 C Between I-75 & Hwy, Byron, GA 31008
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    • Value Estimation by Request
      4.35 Acres

      247 Connector @ Housers Ml Rd

      Land • 4.35 Acres
      247 Connector @ Housers Ml Rd, Byron, GA 31008
      View Details
    • Value Estimation by Request
      2.61 Acres

      247 Connector

      Land • 2.61 Acres
      247 Connector, Byron, GA 31008
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    • Value Estimation by Request
      73.00 Acres

      and I-75 Vietnam Veterans Memorial Pkwy

      Land • 73.00 Acres
      and I-75 Vietnam Veterans Memorial Pkwy, Warner Robins, GA 31008
      View Details

    Similar Nearby for Sale

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      69.47 Acre Development Tract

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      Land Available in Byron, GA

      Land for sale at 1349 Vietnam Veterans Memorial Pkwy.
      1349 Vietnam Veterans Memorial Pkwy, Byron, GA 31008
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      Land on Russell Pkwy

      Land with great location and visibility on Russell Pkwy.
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    • $42,000
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      Land Available in Peach County

      Land for sale in Byron, Georgia, Peach County.
      133 Peach Rd, Byron, GA 31008
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      Land Available in Byron, GA

      Land for sale at 4515 Watson Blvd, Byron, GA.
      4515 Watson Blvd, Byron, GA 31008
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      Land Near Interstate 75

      4.35 acres of land located near Interstate 75.
      247 Connector @ Housers Ml Rd, Byron, GA 31008
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    Similar Nearby for Lease

    • $32 SF/Yr
      2,500 SF

      Byron Retail Opportunity

      Highway 49 Endcap with Drive-Thru
      507 Hwy 49, Byron, GA 31008
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    • $1,300 /Mo
      16,500 SF

      Peach Crossing Shopping Center Space

      1200 SF space in high-traffic shopping center for rent.
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      Retail Space in Byron, Georgia

      Retail space available in community shopping center with highway visibility.
      311 Ga-49, Byron, GA 31008
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      1,400 SF

      Retail Space in Warner Robins

      1,400 SF retail space in Publix-anchored shopping center.
      6015 Watson Blvd, Byron, GA 31008
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      Publix Anchored Shopping Center

      80,675 SF shopping center in Warner Robins, Georgia.
      6015 Watson Blvd, Byron, GA 31008
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    • Contact for pricing

      38.76 Acres on Watson Blvd

      38.76-acre commercial land with frontage on I-75.
      12000 Watson Blvd, Byron, GA 31008
      View Details
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    Byron, GA 31008
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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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