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

    2941 Ridge Rd Douglasville, GA 30134

    • Specialty properties
    • 4.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2941 Ridge Rd

    Lot size
    4.50 lot acres
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in the thriving Ridgeview Heights area of Douglasville, Georgia. Situated on Ridge Road, this prime corner lot boasts approximately 562 feet of road frontage, offering excellent visibility and accessibility. Zoned R-4, the property is well-suited for single-family residential dwellings or mixed-use development, aligning with the area's rapid growth. The strategic location, enhanced by a newly constructed roundabout and sidewalks, ensures high traffic volume and convenient access. This location within Paulding County, near the intersection of Ridge Road and in the 30134 zip code, offers significant potential for residential or commercial ventures. The asking price is $375,000, translating to $83,333 per acre. Utilities are available, subject to independent verification. This property's combination of size, location, and zoning makes it an attractive proposition for discerning investors seeking a high-return development opportunity in a rapidly expanding market. The property address is 2941 Ridge Road, Douglasville, GA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Paulding
    State
    Georgia
    Longitude
    -84.84
    Latitude
    33.8047

    Comparable in this City

    • Value Estimation by Request
      2,037 SF

      8318 Office Park Dr

      Office space • 2,037 SF
      8318 Office Park Dr, Douglasville, GA 30134
      View Details
    • Value Estimation
      $245,000
      13,537 SF

      12651 Veterans Memorial Hwy

      FUNERAL HOME • 13,537 SF
      12651 Veterans Memorial Hwy, Douglasville, GA 30134-1624
      View Details
    • Value Estimation by Request
      4,800 SF

      8127 Dallas Hwy

      Specialty properties • 4,800 SF
      8127 Dallas Hwy, Douglasville, GA 30134
      View Details
    • Value Estimation
      $255,000
      3,484 SF

      6787 James D Simpson Ave

      FUNERAL HOME • 3,484 SF
      6787 James D Simpson Ave, Douglasville, GA 30134-1141
      View Details
    • Value Estimation
      $1,580,000
      3,280 SF

      6220 Hwy 92nd Fairburn Rd

      VETERINARY, ANIMAL HOSPITAL • 3,280 SF
      6220 Hwy 92nd Fairburn Rd, Douglasville, GA 30134
      View Details
    • Value Estimation
      $230,000
      2,721 SF

      8991 Hwy 5th 5

      VETERINARY, ANIMAL HOSPITAL • 2,721 SF
      8991 Hwy 5th 5, Douglasville, GA 30134-1538
      View Details

    Similar Nearby for Sale

    • $1,500,000
      6,413 SF

      Retail/Restaurant Property I-20 Frontage

      Freestanding retail/restaurant property with high visibility and I-20 frontage.
      7040 Concourse Pkwy, Douglasville, GA 30134
      View Details
    • $250,000
      0.46 Acres

      Douglasville Industrial Property

      2,800 SF Warehouse, Flex Space, $250K
      8085 Connally Dr, Douglasville, GA 30134
      View Details
    • $430,000
      0.88 Acres

      Douglasville Commercial Land

      0.88 Acres, High-Traffic Location
      995 Old Dallas Hwy, Douglasville, GA 30134
      View Details
    • $1,200,000
      7.46 Acres

      Douglasville Commercial Land

      7.46 Acres, Prime Location
      11560 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $750,000
      0.30 Acres

      Douglasville Retail & Land Investment

      Prime Douglasville Retail/Industrial Opportunity
      12081 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $39,900
      0.52 Acres

      Residential Lot in Douglasville, GA

      Residential-zoned lot in a well-kept, deed-restricted subdivision.
      352 Greystone Ln, Douglasville, GA 30134
      View Details

    Similar Nearby for Lease

    • $60,000
      65,340 SF

      Veterans Highway Industrial Land

      1.5-Acre Industrial Outside Storage Lease
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • Contact for pricing
      260,850 SF

      Cubework Douglasville

      Coworking space • 260,850 SF
      7600 Wood Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      30,032 SF

      Prime Douglasville Executive Suites

      Class A Office Space, 3 Suites Available
      4813 Ridge Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      27,917 SF

      Industrial Space Available for Sublease

      27,917 SF industrial space at Bright Star Logistics Center.
      7555 Wood Rd, Douglasville, GA 30134
      View Details
    • Contact for pricing
      2,200 SF

      Douglasville Warehouse Near I-20

      2,200 SF warehouse space for lease, convenient I-20 access.
      13021 Veterans Memorial Hwy, Douglasville, GA 30134
      View Details
    • $25 SF/Yr
      250 SF

      Office Space Near Downtown Douglasville

      Office space located near major retail and downtown Douglasville.
      8318 Duralee Ln, Douglasville, GA 30134
      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.
    2941 Ridge Rd
    Douglasville, GA 30134
    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.
    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.