Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    665 Us-29 Athens, GA 30601

    • Retail properties
    • 11,560 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 665 Us-29

    Year built
    2023
    Lot size
    2.00 lot acres
    Property size
    11,560 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    Tech Plaza, located at 665 US-29 in Athens, Georgia (30601), offers 11,560 square feet of Class A retail and restaurant space in a newly constructed (2023) single-story building. This vibrant neighborhood strip center boasts six suites, with ample parking (75 spaces) and excellent visibility due to its 275-foot frontage on Highway 29 N and convenient access via McClung Road. Currently, 8,300 square feet are available, divisible into units ranging from 1,830 to 2,546 square feet, with a maximum contiguous space of 8,300 square feet. Units are offered in grey shell condition, providing flexibility for tenant improvements. A tenant improvement allowance of $25 per square foot is available. The property is zoned C-G and sits on two acres of land. The strategic location benefits from a high concentration of employees within a three-mile radius, including a significant presence in the Athens Industrial Park. The daytime population within this radius exceeds 22,802, with only 565 businesses, presenting a strong opportunity for new businesses. The success of an existing Firehouse Subs location within the center further underscores the site's potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.338
    Latitude
    33.9945

    Comparable in this City

    • Value Estimation by Request
      22,692 SF

      558 Broad St

      Restaurants • 22,692 SF
      558 Broad St, Athens, GA 30601
      View Details
    • Value Estimation by Request
      368 SF

      355 1st St

      OFFICE (GENERAL) • 368 SF
      355 1st St, Athens, GA 30601-1844
      View Details
    • Value Estimation by Request
      5,653 SF

      124 Hancock Ave

      OFFICE (GENERAL) • 5,653 SF
      124 Hancock Ave, Athens, GA 30601-2720
      View Details
    • Value Estimation by Request
      21,920 SF

      300 College Ave

      OFFICE (GENERAL) • 21,920 SF
      300 College Ave, Athens, GA 30601-2716
      View Details
    • Value Estimation by Request
      18,718 SF

      286 Oconee St

      OFFICE (GENERAL) • 18,718 SF
      286 Oconee St, Athens, GA 30601
      View Details
    • Value Estimation
      $475,000
      2,232 SF

      460 Old Hull Rd

      OFFICE (GENERAL) • 2,232 SF
      460 Old Hull Rd, Athens, GA 30601-1568
      View Details

    Similar Nearby for Sale

    • $800,000
      1,464 SF

      Iconic Athens Commercial Property

      Freestanding commercial building with rich history and redevelopment potential.
      1016 E Broad St, Athens, GA 30601
      View Details
    • Contact for pricing

      Boutique Office in Downtown Athens

      Turn-key, fully furnished office space in the heart of Athens.
      296 W Broad St, Athens, GA 30601
      View Details
    • $1,250,000
      2.75 Acres

      Athens Commercial Land - High Growth Potential

      2.75 Acres, High Traffic, Development Ready
      1020 Hull Rd, Athens, GA 30601
      View Details
    • $425,000
      7.05 Acres

      Prime Development Land in Athens

      7+ acre commercial land with development potential in Clarke County.
      3080 Danielsville Rd, Athens, GA 30601
      View Details
    • $240,000
      4.50 Acres

      Industrial Lots in Athens Corridor

      Two industrial lots in Athens' thriving industrial corridor.
      135 Maxey Blvd, Athens, GA 30601
      View Details
    • New
      $325,000
      Pending

      Income-Producing Duplex Near Downtown Athens

      Flexible duplex with development potential near Firefly Trail and Downtown.
      320 Vine St, Athens, GA 30601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Location Near UGA Campus

      Office, retail, or restaurant space near UGA and downtown.
      600 N Thomas St, Athens, GA 30601
      View Details
    • $24 SF/Yr
      17,600 SF

      Commercial Space in Athens, GA

      Multi-unit commercial site with restaurant, office, and retail spaces.
      471 Hull Rd, Athens, GA 30601
      View Details
    • Contact for pricing

      Prime Ground Lease Opportunity, Athens

      0.9 acre ground lease near Kroger with drive-thru option.
      29 N & Talley Rd, Athens, GA 30601
      View Details
    • Contact for pricing
      4,439 SF

      Prime Downtown Athens Commercial Space

      4,439 SF space ideal for retail or office use.
      163 E Broad St, Athens, GA 30601
      View Details
    • Contact for pricing
      4,000 SF

      Office Space Near Downtown Athens

      Office space for rent with ample parking and easy access.
      130 Ware St, Athens, GA 30601
      View Details
    • Contact for pricing
      116 SF

      Downtown Athens Creative Office Space

      Single-user office suites for small business owners in downtown Athens.
      367 Prince Ave, Athens, GA 30601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    665 Us-29
    Athens, GA 30601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.