Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pegasus Pkwy LaGrange, GA 30240
    Back to Search
    Property profile & analytics

    Pegasus Pkwy, LaGrange, GA 30240

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Pegasus Pkwy

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 2.55-acre commercial lot presents a unique investment opportunity in LaGrange, Georgia. Located directly across from the LaGrange Callaway Airport, this property enjoys unparalleled visibility and convenient access to major transportation arteries, including Highway 29. Its strategic position within the Pegasus Parkway Industrial Area places it in close proximity to the Troup County Agricultural Education Center and Lukken Industrial Drive, offering significant potential for development and growth. The lot itself boasts a substantial 111,078 square feet of land, providing ample space for a variety of commercial ventures. Furthermore, there's an opportunity to acquire an additional 8.68 acres through the purchase of two adjacent lots, significantly expanding the development possibilities. The area's robust growth trajectory makes this property an attractive investment for those seeking high-return potential in a thriving commercial sector. The asking price for this exceptional property is $255,000. This represents a compelling opportunity to secure a prime piece of commercial real estate in a rapidly developing area of LaGrange. Don't miss this chance to capitalize on the significant growth potential of this strategic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    LaGrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0609
    Latitude
    32.9897

    Comparable in this City

    • Value Estimation by Request
      1,168 SF

      2381 Pegasus Pkwy

      Land
      2381 Pegasus Pkwy, LaGrange, GA 30240
      View Details
    • Value Estimation by Request
      1.14 Acres

      907 Stonewall St

      CHARITABLE ORGANIZATION
      907 Stonewall St, Lagrange, GA 30240-4828
      View Details
    • Value Estimation by Request
      0.24 Acres

      Truitt Ave

      CHARITABLE ORGANIZATION
      Truitt Ave, Lagrange, GA 30240
      View Details
    • Value Estimation by Request
      6.71 Acres

      Country Clb Rd

      CHARITABLE ORGANIZATION
      Country Clb Rd, Lagrange, GA 30240
      View Details
    • Value Estimation by Request
      0.28 Acres

      Garfield St

      CHARITABLE ORGANIZATION
      Garfield St, Lagrange, GA 30240
      View Details
    • Value Estimation by Request
      0.30 Acres

      1006 Callaway Ave

      CHARITABLE ORGANIZATION
      1006 Callaway Ave, Lagrange, GA 30240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      West Point Lake Land Parcel

      One-acre lot in lakeside community near West Point Lake.
      Waterview Dr, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Picturesque Land Parcel For Sale

      22-acre land parcel with amenities near West Point Lake.
      Cameron Mill Rd, Lagrange, GA 30240
      View Details
    • New
      $169,000
      12.16 Acres

      Land on Farrell Tatum Road

      12.159 acres of land perfect for building your dream home.
      Ferrell Tatum Rd, Lagrange, GA 30240
      View Details
    • Contact for pricing
      0.22 Acres

      Vacant Land Near Downtown

      Vacant lot suitable for building or development near downtown.
      Boggs St, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Land For Sale

      Land available in Lagrange, Georgia.
      201 Lakeview Ct, Lagrange, GA 30240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Near Inland Port

      Large industrial space with heavy power and I-85 access.
      89 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Prime Industrial Land for Lease

      Class A industrial park with I-85 access.
      89 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      LaGrange Warehouse Space Available

      Industrial warehouse space for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      LaGrange Warehouse Space Available

      Industrial warehouse space for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Retail Space in Merganser Commons

      Shop space for lease in Publix anchored shopping center.
      29 & Hl And Dales Farm Rd, Lagrange, GA 30240
      View Details
    • $1,300 /Mo
      7,072 SF

      Mixed-Use Retail Space in Lagrange

      Exceptional mixed-use retail space in a desirable Lagrange location.
      710 Lincoln St, Lagrange, GA 30240
      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.
    Pegasus Pkwy
    LaGrange, GA 30240
    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
    Pegasus Pkwy, LaGrange, GA, 30240
    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!