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    8299 Main St St Ray City, GA 31645

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    8299 Main St St Ray City, GA 31645

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

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 8299 Main St St

    Year built
    2021
    Lot size
    0.26 lot acres
    Property type
    Office properties & Spaces

    Description

    This 800-square-foot executive office space, built in 2021, is located at 8299 Main Street in Ray City, Georgia, 31645. The property sits on a 0.26-acre lot and features two large offices and a ¾ bath. The space is ready for tenant build-out and requires the installation of power and water meters. Its high-visibility location promises excellent exposure and foot traffic. The property is conveniently located approximately 20 minutes from Moody Air Force Base and 30 minutes from Valdosta, offering easy access to amenities and a strong business community. This presents a unique opportunity for businesses seeking a well-situated office space in a growing area. Note that this property is adjacent to a 2,409-square-foot residential property also available for purchase. The asking price for this executive office space is $108,000. This is a single-building property offering a blend of functionality and investment potential. The property's strategic location near Moody AFB and Valdosta makes it an attractive option for businesses looking to establish or expand their presence in the region. This is an excellent opportunity to establish your business in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ray City
    County
    Berrien - GA
    State
    Georgia
    Longitude
    -83.1961
    Latitude
    31.0753

    Comparable in this City

    • Value Estimation by Request
      2,150 SF

      6722 Bemiss Rd

      OFFICE (GENERAL) • 2,150 SF
      6722 Bemiss Rd, Ray City, GA 31645-2214
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    • Value Estimation by Request
      240 SF

      720 Patten Ave

      OFFICE (GENERAL) • 240 SF
      720 Patten Ave, Ray City, GA 31645-7748
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    • Value Estimation
      $655,000
      6,576 SF

      Ray City, GA 31645

      OFFICE (GENERAL) • 6,576 SF
      Ray City, GA 31645
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    • Value Estimation
      $540,000
      3,846 SF

      64 Pauline Ave

      OFFICE BUILDING • 3,846 SF
      64 Pauline Ave, Ray City, GA 31645-8102
      View Details
    • Value Estimation by Request
      1.02 Acres

      Ray City, GA 31645

      COMMERCIAL (GENERAL) • 1.02 Acres
      Ray City, GA 31645
      View Details
    • Value Estimation by Request
      4,800 SF

      8111 Main St

      GROCERY, SUPERMARKET • 4,800 SF
      8111 Main St, Ray City, GA 31645-7722
      View Details

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    Ray City, GA 31645
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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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