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    89 Sandy Run Rd Bonaire, GA 31005

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    89 Sandy Run Rd Bonaire, GA 31005

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    • Lifestyle centers
    • 14,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Custom Lab Pro / (Bike/Boat/Book/etc) Store
    • Golden Dagger Tattoo Club / Tattoo & Piercing Shop
    • 247 Organic Nails & Spa / Nail Salon
    • Blossom's Grooming Salon- Bonaire / Pet Grooming Service
    • Blaze Smoke Shop - Vape, Smoke, Delta 8, & CBD (Bonaire) / (Bike/Boat/Book/etc) Store

    Property Details for 89 Sandy Run Rd

    Year built
    2022
    Property size
    14,700 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 14,700 square foot retail shopping center, constructed in 2022, presents a unique investment opportunity in Bonaire, Georgia. Located at 89 Sandy Run Road, this single-story building boasts nine suites, with 7,000 square feet currently available for lease. The minimum leasable space is 1,400 square feet, with a maximum contiguous space of 3,500 square feet. The property is zoned C-2 and features convenient access to Highway 247, situated at the intersection of Sandy Run Road and Assembly Lane. Its strategic location offers high visibility and easy access for customers. The center is ideally positioned near restaurants, hotels, and other retail establishments, ensuring high foot traffic and strong potential for tenant success. Two end-cap spaces are particularly noteworthy, equipped with grease traps and the potential for drive-through window installation, making them ideal for food-related businesses. Furthermore, the property's proximity to Robins Air Force Base (just 2 miles from the Russell Parkway gate) provides a substantial and stable customer base. This is a rare opportunity to secure space in a brand-new, well-located retail center in a thriving community. The APN is 0W1490 008000, and the property is located in Houston County, Georgia, zip code 31005.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bonaire
    County
    Houston
    State
    Georgia
    Longitude
    -83.5922
    Latitude
    32.5682

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      770 Sr 96

      Neighborhood centers • 1,400 SF
      770 Sr 96, Bonaire, GA 31005
      View Details
    • Value Estimation
      $2,275,000
      14,308 SF

      778 Hwy 96

      MINI-MALL • 14,308 SF
      778 Hwy 96, Bonaire, GA 31005-3387
      View Details
    • Value Estimation
      $9,000,000
      45,749 SF

      402 Ga Hwy 247th S

      SHOPPING CENTER, STRIP CENTER • 45,749 SF
      402 Ga Hwy 247th S, Bonaire, GA 31005-3758
      View Details
    • Value Estimation
      $2,105,000
      13,278 SF

      520 Ga Hwy 247th S

      SHOPPING CENTER, STRIP CENTER • 13,278 SF
      520 Ga Hwy 247th S, Bonaire, GA 31005-3886
      View Details
    • Value Estimation
      $1,070,000
      27,639 SF

      405 Hwy 96

      SHOPPING CENTER, STRIP CENTER • 27,639 SF
      405 Hwy 96, Bonaire, GA 31005-3852
      View Details
    • Value Estimation
      $5,845,000
      7,425 SF

      794 Hwy 96

      SHOPPING CENTER, STRIP CENTER • 7,425 SF
      794 Hwy 96, Bonaire, GA 31005-3300
      View Details

    Similar Nearby for Sale

    • $632,000
      2,940 SF

      Bonaire Commercial Property For Sale

      High-visibility commercial property in Bonaire, GA, suitable for various businesses.
      494 Hwy 247 S, Bonaire, GA 31005
      View Details
    • Contact for pricing
      39.30 Acres

      Hwy 247 Commercial Land - Georgia

      39.3 Acres, High-Growth Area, Hwy 96 Access
      0 Hwy 247, Kathleen, GA 31005
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      Prime Land Parcels Available

      Nine commercial lots with high visibility on Old Highway 96.
      Old Hwy 96, Bonaire, GA 31005
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    • Contact for pricing

      Commercial Land with High Visibility

      6 acres of commercial land with high traffic count.
      318 Sr 96, Bonaire, GA 31005
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    • $75,000
      0.88 Acres

      Residential Lot in Southfield Plantation

      Residential lot available in a prestigious Bonaire community.
      107 Colton Dr, Bonaire, GA 31005
      View Details
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    Bonaire, GA 31005
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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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