Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    196 Hwy Hinesville, GA 31313
    Back to Search
    Property profile & analytics

    196 Hwy, Hinesville, GA 31313

    View on Map
    • Land
    • 0.96 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 196 Hwy

    Lot size
    0.96 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Hinesville, Georgia. Located at the intersection of Highway 196 (Elma G Miles Parkway) and West 15th Street, this property comprises approximately 0.96 to 1.3 acres of C2-zoned land, ideal for various commercial ventures. Situated within the thriving Magnolia Oaks Village retail center, anchored by a Food Lion grocery store, this location benefits from high visibility and significant foot traffic. The site enjoys exceptional proximity to a substantial residential population, with over 10,000 homes within a 3-mile radius, ensuring a robust customer base. Furthermore, its strategic location less than 3 miles from Fort Stewart, the largest military base in the Southeast, provides access to a substantial workforce of over 25,000 employees. Daily traffic counts on Highway 196 exceed 21,700 vehicles, guaranteeing consistent exposure for any business established on this site. This property is available for sale or ground lease, offering flexibility to suit diverse investment strategies. The C2 zoning allows for a wide range of commercial uses, making it an attractive proposition for developers and entrepreneurs seeking a prime location in a rapidly growing area. Don't miss this chance to secure a piece of Hinesville's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hinesville
    County
    Liberty
    State
    Georgia
    Longitude
    -81.545
    Latitude
    31.8437

    Comparable in this City

    • Value Estimation by Request
      14.96 Acres

      Ellie Ln

      Multifamily properties
      0 Ellie Ln, Hinesville, GA 31313
      View Details
    • Value Estimation by Request
      1.05 Acres

      Elma G Miles Pkwy

      Land
      0 Elma G Miles Pkwy, Hinesville, GA 31313
      View Details
    • Value Estimation by Request

      2985 Oglethorpe Hwy Hwy

      Land
      2985 Oglethorpe Hwy Hwy, Hinesville, GA 31313
      View Details
    • Value Estimation by Request
      6.59 Acres

      196 Hwy

      Land
      196 Hwy, Hinesville, GA 31313
      View Details
    • Value Estimation by Request
      1,468 SF

      601 Tupelo Trl

      Land
      601 Tupelo Trl, Hinesville, GA 31313
      View Details
    • Value Estimation by Request

      Oglethorpe Hwy

      Land
      0 Oglethorpe Hwy, Midway, GA 31313
      View Details

    Similar Nearby for Sale

    • $650,000
      3.30 Acres

      Prime Hinesville Development Land

      3.3 Acres, R20 Zoning, High Traffic
      0 Oglethorpe Hwy, Midway, GA 31313
      View Details
    • $995,000

      Prime Commercial Land Near Fort Stewart

      56.16 acres of commercial land with development opportunities.
      West 15Th St, Hinesville, GA 31313
      View Details
    • $1,650,000
      6.00 Acres

      Prime Commercial Land on Highway 84

      6 acres of high-visibility commercial land in Hinesville, GA.
      2059 E Oglethorpe Hwy, Hinesville, GA 31313
      View Details
    • $1,500,000
      1.87 Acres

      Hinesville Land Investment Opportunity

      Prime land in Hinesville's Overlay District, ideal for retail development.
      139 W Oglethorpe Hwy, Hinesville, GA 31313
      View Details
    • $90,000
      6.18 Acres

      Hinesville Land For Sale

      6.18 acres of land zoned Planned Unit Development.
      6.18 Acres Mcintosh Lk Rd, Hinesville, GA 31313
      View Details
    • $2,139,000
      18.60 Acres

      Hinesville Land For Sale

      18.6 acre commercial land available in Hinesville, Georgia.
      2173 Oglethorope, Hinesville, GA 31313
      View Details

    Similar Nearby for Lease

    • New
      $3,600 /Mo
      87,120 SF

      Commercial Land with Frontage

      Commercial property for lease with frontage and parking.
      5742 N Coastal Hwy, Fleming, GA 31313
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Hinesville, Georgia.
      Hwy 196, Hinesville, GA 31313
      View Details
    • Contact for pricing
      2,400 SF

      Hinesville Retail Space Available

      Retail property available for lease in Hinesville, Georgia.
      537 W Oglethorpe Hwy, Hinesville, GA 31313
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on General Screven

      Retail space available for rent on General Screven Way.
      104 W General Screven Way, Hinesville, GA 31313
      View Details
    • $1,250 /Mo
      1,500 SF

      Hinesville Commercial Space For Rent

      Commercial space available for lease in Hinesville, Georgia.
      321D Memorial Dr, Hinesville, GA 31313
      View Details
    • Contact for pricing

      Restaurant Space Near Kroger

      Outparcel to Kroger with high traffic and ample parking.
      543 W Oglethorpe Hwy, Hinesville, GA 31313
      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.
    196 Hwy
    Hinesville, GA 31313
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    196 Hwy, Hinesville, GA, 31313
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!