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

    10247 Hwy 92 Woodstock, GA 30188-3914

    • Garden apartment buildings
    • 160,832 SF
    • 17.56 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2024
    $73,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3568036
    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

    • Garden apartment buildings

    Property Details for 10247 Hwy 92

    Year built
    2014
    Construction
    WOOD
    Lot size
    17.56 lot acres
    Property size
    160,832 SF
    Zone code
    DT-MRA
    Property type
    Garden apartment buildings
    APN
    15N18 009 A
    APU
    15N18009A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $48,399,000
      Market price range: $7.13M - $48.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodstock
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.5173
    Latitude
    34.0882
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    $709,724
    $2,213,365
    $22,266,635
    $24,480,000
    -
    $5,533,413
    $55,666,587
    $61,200,000

    Comparable in this City

    • Value Estimation by Request
      3,936 SF

      107 Skyridge Dr

      GARDEN APT, COURT APT (5+ UNITS) • 3,936 SF
      107 Skyridge Dr, Woodstock, GA 30188-3958
      View Details
    • Value Estimation
      $1,775,000
      9,072 SF

      112 Dupree Rd

      GARDEN APT, COURT APT (5+ UNITS) • 9,072 SF
      112 Dupree Rd, Woodstock, GA 30188-4996
      View Details
    • Value Estimation by Request

      204 River Park North Dr

      Multifamily properties
      204 River Park North Dr, Woodstock, GA 30188
      View Details
    • Value Estimation
      $9,180,000
      88,280 SF

      260 Chambers St

      HIGH-RISE APARTMENTS • 88,280 SF
      260 Chambers St, Woodstock, GA 30188-7911
      View Details
    • Value Estimation by Request

      233 River Park North Dr

      Multifamily properties
      233 River Park North Dr, Woodstock, GA 30188
      View Details
    • Value Estimation by Request
      1,300 SF

      135 Village Center Dr

      Residential income properties • 1,300 SF
      135 Village Center Dr, Woodstock, GA 30188
      View Details

    Similar Nearby for Sale

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    • $350,000
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      Renovated Townhouse Near Downtown Woodstock

      Renovated two-story townhouse near Downtown Woodstock, move-in ready.
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      Renovated townhouse featuring modern amenities, gourmet kitchen, and luxurious primary suite.
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      One-level ranch in a maintenance-free, active adult community.
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      Updated 2 bed, 2 bath townhome near Woodstock amenities.
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      Recently renovated home in Woodstock with tenant in place.
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    Similar Nearby for Lease

    • $830 /Mo

      Apartment for Rent

      Apartment available for rent in Woodstock, GA.
      106 Meadow St, Woodstock, GA 30188
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    • $2,200 /Mo
      1,527 SF

      Luxury Townhouse in Woodstock

      Move-in ready townhouse with upscale amenities and convenient location.
      514 Blossom Way, Woodstock, GA 30188
      View Details
    • $2,200 /Mo

      Luxury Townhouse in Woodstock

      Move-in ready townhouse with upscale amenities and convenient location.
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    • $2,150 /Mo

      Move-In Ready Townhome in Woodstock

      Immaculate 3-bedroom townhome with community amenities in prime location.
      241 Village Square Dr, Woodstock, GA 30188
      View Details
    • Contact for pricing
      7,000 SF

      Woodstock Office Building For Lease

      7,000 SF Office, Build-to-Suit Opportunity
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    • Contact for pricing

      Retail Space Near Costco

      Retail spaces with high visibility and traffic, near Costco.
      285 Ridgewalk Pkwy, Woodstock, GA 30188
      View Details
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    10247 Hwy 92
    Woodstock, GA 30188-3914
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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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