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

    1020 Tower Pl Watkinsville, GA 30677-7752

    • Commercial land
    • 1.65 lot acres
    OFF-MARKET
    Last Sale
    Jun 16, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0809356
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 1020 Tower Pl

    Lot size
    1.65 lot acres
    Zone code
    B-2
    Property type
    Commercial land
    APN
    C-01S-005
    APU
    C01S005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.4756
    Latitude
    33.9145
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,507
    $76,032
    $0.00
    $76,032
    -
    $190,080
    $0.00
    $190,080

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      Depot St

      VACANT COMMERCIAL LAND • 0.53 Acres
      Depot St, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      0.39 Acres

      Caduecus Way

      VACANT COMMERCIAL LAND • 0.39 Acres
      Caduecus Way, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      0.17 Acres

      1091 Sherwood Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      1091 Sherwood Rd, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      30.81 Acres

      1070 Langford Ests Ln

      VACANT COMMERCIAL LAND • 30.81 Acres
      1070 Langford Ests Ln, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      1.04 Acres

      Mars Hl Rd

      VACANT COMMERCIAL LAND • 1.04 Acres
      Mars Hl Rd, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      0.07 Acres

      1020 Old Farm Ct

      VACANT COMMERCIAL LAND • 0.07 Acres
      1020 Old Farm Ct, Watkinsville, GA 30677-1789
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3.22 Acres

      Watkinsville Development Opportunity

      Two parcels in downtown Watkinsville, poised for redevelopment.
      70 Colham Ferry Ext, Watkinsville, GA 30677
      View Details
    • $5,200,000
      16 SF

      Watkinsville Commercial Land Opportunity

      17-acre commercial land near Downtown Watkinsville and Wire Park.
      1180 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • $250,000
      1.00 Acre

      Watkinsville Commercial Land For Sale

      One-acre commercial land parcel in Lampkin Branch Business Park.
      1040 Thomas Ave, Watkinsville, GA 30677
      View Details
    • $385,000
      3.11 Acres

      Watkinsville Land: Residential & Commercial Potential

      3.11 acres in Oconee County with versatile development potential.
      3240 Monroe Hwy, Watkinsville, GA 30677
      View Details
    • $1,200,000
      3.22 Acres

      Watkinsville Land Development Opportunity

      3.22 acres with renovated homes in historic downtown Watkinsville.
      70 Colham Ferry Ext, Watkinsville, GA 30677
      View Details
    • $1,865,000
      5.61 Acres

      Commercial Land in Watkinsville, Georgia

      7.6 acres of commercial development lots for sale.
      2180 Veterans Memorial Pkwy, Watkinsville, GA 30677
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,804 SF

      Watkinsville Commercial Land and Building

      4+ acres with commercial zoning, house, and shop.
      2260 Mars Hill Rd, Watkinsville, GA 30677
      View Details
    • $14 SF/Yr
      21,875 SF

      Greensboro Hwy Office Space

      Watkinsville Office Building, 21,875 SF
      1291 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • $3,250 /Mo
      3,600 SF

      Watkinsville Commercial Space For Rent

      Office and warehouse space available in Watkinsville, Georgia.
      1320 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      900 SF

      Watkinsville Office Building For Rent

      900+/- sq ft office building with 3-phase power.
      1641 New High Shoals Rd, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      1,250 SF

      Medical Office Freestanding Building

      Medical office space with front door parking and highway access.
      1610 Mars Hill Rd, Watkinsville, GA 30677
      View Details
    • $25 SF/Yr
      1,572 SF

      Turn-Key Office Space at Wire Park

      Modern 1,572 SF office space in Watkinsville, GA for lease.
      1725 Electric Ave, Watkinsville, GA 30677
      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.
    1020 Tower Pl
    Watkinsville, GA 30677-7752
    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.