Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Side Pl & Henrico Rd Ellenwood, GA 30294

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Side Pl & Henrico Rd Ellenwood, GA 30294

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

    Current Use by Public Records

    • Land

    Property Details for 0 Side Pl & Henrico Rd

    Lot size
    25.90 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 66+/- acre property presents a significant development opportunity in Ellenwood, Georgia. The land offers a flexible configuration, with 25.9+/- acres zoned for industrial use and an additional 47.12+/- acres zoned residential. The seller is open to offers contingent upon rezoning approval, providing potential buyers with considerable flexibility. Strategically located at the intersection of West Side Place and Henrico Road, the property boasts convenient access to major transportation arteries. It's less than a mile from I-285 at Moreland Avenue, providing easy access to I-75 and Hartsfield-Jackson Atlanta International Airport. The property also benefits from frontage on I-675, enhancing its logistical appeal. Sewer lines are conveniently located on West Side Place, simplifying infrastructure considerations for future development. This prime location, combined with its substantial size and potential for various uses, makes this an attractive investment for developers seeking a high-impact project in a rapidly growing area. The property's address is West Side Place & Henrico Road, Ellenwood, GA 30294, situated in DeKalb County. The latitude and longitude coordinates are 33.665834, -84.3058785 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellenwood
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.3059
    Latitude
    33.6658

    Comparable in this City

    • Value Estimation by Request
      13.20 Acres

      2720 Quiktrip Way

      Land • 13.20 Acres
      2720 Quiktrip Way, Ellenwood, GA 30294
      View Details
    • Value Estimation by Request
      39,000 SF

      5290 Ga-42

      Distribution properties • 39,000 SF
      5290 Ga-42, Ellenwood, GA 30294
      View Details
    • Value Estimation by Request
      125,017 SF

      Grant Rd

      Industrial properties • 125,017 SF
      0 Grant Rd, Ellenwood, GA 30294
      View Details
    • Value Estimation by Request
      797,738 SF

      4388 Lunsford Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 797,738 SF
      4388 Lunsford Dr, Ellenwood, GA 30294
      View Details
    • Value Estimation
      $49,235,000
      3.46 Acres

      5199 Bouldercrest Rd

      INDUSTRIAL (GENERAL) • 3.46 Acres
      5199 Bouldercrest Rd, Ellenwood, GA 30294-3645
      View Details
    • Value Estimation by Request
      9.82 Acres

      Grant Rd

      INDUSTRIAL (GENERAL) • 9.82 Acres
      Grant Rd, Ellenwood, GA 30294
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Ellenwood

      Land available for sale in Ellenwood, Georgia.
      2993 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Land For Sale Ellenwood

      Land available for sale in Ellenwood, Georgia.
      3646 W Panola Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Land For Sale Ellenwood

      Land available in Ellenwood, Georgia.
      4245 Loveless Dr, Ellenwood, GA 30294
      View Details
    • $190,000
      9.38 Acres

      9.38 Acres in Ellenwood, GA

      9.38-acre tract in Ellenwood, Henry County, ready for development.
      Clark Dr, Ellenwood, GA 30294
      View Details
    • $185,000
      3.60 Acres

      Versatile Land Parcel in Ellenwood

      3.6 acres in Ellenwood, suitable for building or investment.
      4164 Grant Rd, Ellenwood, GA 30294
      View Details
    • $1,400,000
      1.30 Acres

      1.3 AC Land For Sale

      1.3 AC Land For Sale
      2762 River Road, Ellenwood, GA 30294
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      571,517 SF

      Spacious Warehouse with Extensive Loading Docks

      Large warehouse featuring 103 loading docks and ample parking.
      2065 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing
      162,009 SF

      Ellenwood Warehouse Space Available

      162,009 square foot warehouse space for lease in Ellenwood.
      2063 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Anvilblock Road Retail Outparcel

      Retail outparcel near I-675 and major retailers.
      2900 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Retail Center Near I-675

      Retail center in Ellenwood, GA, near I-675.
      3056 Anvil Block Rd, Ellenwood, GA 30294
      View Details
    • Contact for pricing

      Retail Spaces in Multifamily Development

      Two retail spaces for lease in a new development.
      4039 W Village Pkwy, Ellenwood, GA 30294
      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.
    Side Pl & Henrico Rd
    Ellenwood, GA 30294
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!