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    2461 Old Mars Hill Rd Watkinsville, GA 30677

    • Commercial real estate
    • 3.57 lot acres
    For Sale
    View listing
    $4,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1166522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2461 Old Mars Hill Rd

    Lot size
    3.57 lot acres
    Property type
    Commercial real estate
    APN
    C 01 045BA

    Description

    This exceptional 3.57-acre commercial land parcel presents a unique investment opportunity in Watkinsville, Georgia. Located at the signalized intersection of Oconee Connector and Mars Hill Road/Daniells Bridge Road, this B-2 zoned property boasts unparalleled visibility and accessibility. The southwest corner location ensures high traffic volume, making it ideal for retail development. The site has already undergone rough grading, expediting the development process. Conveniently situated just south of Highway 316, this prime location offers easy access to major thoroughfares. Oconee Connector, a four-lane road with limited access, provides excellent visibility and convenient access from both Oconee Connector and Mars Hill Road. Furthermore, the property benefits from its proximity to established retail centers, including Epps Bridge Centre and major retailers such as Walmart, Lowe's, Home Depot, and Kohl's. The property's APN is C 01 045BA. This is a rare opportunity to acquire a high-visibility, ready-to-develop commercial lot in a thriving retail corridor. Asking price is $4,750,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.465907
    Latitude
    33.904866

    Comparable in this City

    • $2,600,000
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      Riverfront Oconee County Land

      99.8 Acres, Two Cabins, Riverfront
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    • $4,000,000
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      Watkinsville Land with Timber

      160-acre tract with timber, stream, and wildlife.
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    • New
      $225,000
      Pending

      5-Acre Homesite in Oconee County

      Build your dream home on this beautiful 5-acre homesite.
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    • $397,500

      Butlers Crossing Commercial Lot

      Prime Oconee County commercial land
      2083 Experiment Station Rd, Watkinsville, GA 30677
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    • $269,000

      Wooded Lot in Bridlegate

      4.45 acre wooded lot in Bridlegate neighborhood.
      1040 Bridlegate Dr, Watkinsville, GA 30677
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    • $385,000
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      Watkinsville Land: Residential & Commercial Potential

      3.11 acres in Oconee County with versatile development potential.
      3240 Monroe Hwy, Watkinsville, GA 30677
      View Details

    Similar Nearby for Sale

    • $2,600,000
      99.80 Acres

      Riverfront Oconee County Land

      99.8 Acres, Two Cabins, Riverfront
      1520 Marshall-Wilkes Rd, Watkinsville, GA 30677
      View Details
    • $4,000,000
      160.00 Acres

      Watkinsville Land with Timber

      160-acre tract with timber, stream, and wildlife.
      J T Elder Rd, Watkinsville, GA 30677
      View Details
    • New
      $225,000
      Pending

      5-Acre Homesite in Oconee County

      Build your dream home on this beautiful 5-acre homesite.
      1210 Carson Graves Rd, Watkinsville, GA 30677
      View Details
    • $397,500

      Butlers Crossing Commercial Lot

      Prime Oconee County commercial land
      2083 Experiment Station Rd, Watkinsville, GA 30677
      View Details
    • $269,000

      Wooded Lot in Bridlegate

      4.45 acre wooded lot in Bridlegate neighborhood.
      1040 Bridlegate Dr, Watkinsville, GA 30677
      View Details
    • $385,000
      3.11 Acres

      Watkinsville Land: Residential & Commercial Potential

      3.11 acres in Oconee County with versatile development potential.
      3240 Monroe Hwy, Watkinsville, GA 30677
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,804 SF

      Watkinsville Commercial Land and Building

      4+ acres with commercial zoning, house, and shop.
      2260 Mars Hill Rd, Watkinsville, GA 30677
      View Details
    • $14 SF/Yr
      21,875 SF

      Greensboro Hwy Office Space

      Watkinsville Office Building, 21,875 SF
      1291 Greensboro Hwy, Watkinsville, GA 30677
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    • $25 SF/Yr
      1,572 SF

      Turn-Key Office Space at Wire Park

      Modern 1,572 SF office space in Watkinsville, GA for lease.
      1725 Electric Ave, Watkinsville, GA 30677
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    • Contact for pricing
      1,250 SF

      Medical Office Freestanding Building

      Medical office space with front door parking and highway access.
      1610 Mars Hill Rd, Watkinsville, GA 30677
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    • Contact for pricing
      900 SF

      Watkinsville Office Building For Rent

      900+/- sq ft office building with 3-phase power.
      1641 New High Shoals Rd, Watkinsville, GA 30677
      View Details
    • $3,250 /Mo
      3,600 SF

      Watkinsville Commercial Space For Rent

      Office and warehouse space available in Watkinsville, Georgia.
      1320 Greensboro Hwy, Watkinsville, GA 30677
      View Details
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    2461 Old Mars Hill Rd
    Watkinsville, GA 30677
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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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