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    1021 Barber Creek Dr Watkinsville, GA 30677
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    Property profile & analytics

    1021 Barber Creek Dr, Watkinsville, GA 30677

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    • Medical Office Space
    • 5,000 SF
    • 2.95 lot acres
    For Lease
    $2,500/Mo
    View Listing →
    Watkinsville Commercial Space For Rent For Lease
    $2,500/Mo

    Watkinsville Commercial Space For Rent

    Recently constructed building suitable for retail, office, or medical businesses.

    1021 Barber Creek, Watkinsville, GA 30677
    View Listing
    Property ID
    US22-0423971
    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.
    Value Estimations
    $535,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Anita Mathew / Dental Office
    • TLC Dental Spa / Dental Office

    Property Details for 1021 Barber Creek Dr

    Year built
    2020
    Lot size
    2.95 lot acres
    Zone code
    OIP
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    B-04A-001
    APU
    B04A001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $601,000
      Market price range: $251k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.4629
    Latitude
    33.9045
    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
    $10,425
    $212,400
    $313,467
    $525,867
    -
    $531,000
    $783,667
    $1,314,667

    Comparable in this City

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      16,000 SF

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    • Value Estimation by Request
      494 SF

      1360 Caduceus Way

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      180 SF

      1220 Langford Dr

      MEDICAL BUILDING
      1220 Langford Dr, Watkinsville, GA 30677-7221
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    • Value Estimation
      $1,500,000
      24,826 SF

      1460 Resurgence Dr

      MEDICAL BUILDING
      1460 Resurgence Dr, Watkinsville, GA 30677-7320
      View Details
    • Value Estimation by Request
      1,330 SF

      2410 Hog Mtn Rd Ste, Unit 307

      MEDICAL BUILDING
      2410 Hog Mtn Rd Ste, Watkinsville, GA 30677-4850
      View Details
    • Value Estimation
      $1,060,000
      5,878 SF

      1181 Langford Dr, Unit 101

      MEDICAL BUILDING
      1181 Langford Dr, Watkinsville, GA 30677-7242
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Oconee County Professional Building

      High-quality office development in the heart of Oconee County.
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    • New
      $995,000
      5,902 SF

      Medical Office Space For Sale

      Located in Windridge Office Park, ideal for medical practice.
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    • Contact for pricing
      870 SF

      Furnished Office Near Oconee Connector

      Move-in ready, furnished 870 SF office space for sale.
      1020 Barber Creek Dr, Watkinsville, GA 30677
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    • $150,000

      Move-in-Ready Oconee County Office Space

      Well-maintained office unit near Epps Bridge Crossing.
      1551 Jennings Mill Rd, Watkinsville, GA 30677
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    • Contact for pricing
      3,200 SF

      Oconee County Office Suites

      Professional office suites in a highly accessible, visible location.
      1551 Jennings Mill Rd, Watkinsville, GA 30677
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    • $995,000

      Prime Land for Development

      Development land suitable for office, hotel, or retail.
      2434 Mars Hill Rd, Watkinsville, GA 30677
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    Similar Nearby for Lease

    • $23 SF/Yr
      14,480 SF

      Wire Park Office Suites

      Modern Offices, Watkinsville, GA
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    • $1,600 /Mo

      Retail Space in Stonebridge

      Retail space with stellar visibility in Watkinsville's Butler's Crossing.
      1940 Experiment Station Rd, Watkinsville, GA 30677
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    • $2,500 /Mo
      128,502 SF

      Watkinsville Commercial Space For Rent

      Recently constructed building suitable for retail, office, or medical businesses.
      1021 Barber Creek Dr, 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
    • $1,100 /Mo
      871 SF

      Professional Office Space Available

      Office space in Oconee County's premier professional office park.
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    • Contact for pricing
      1,525 SF

      Watkinsville Retail or Office Space

      Prime leasing opportunity with ample parking and high visibility.
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      View Details
    View Listing
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    Watkinsville, GA 30677
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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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