Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Garrett NW Way Milledgeville, GA 31061-2318
    Property profile & analytics

    103 Garrett NW Way Milledgeville, GA 31061-2318

    View on Map
    • Warehouses
    • 3,460 SF
    • 0.56 lot acres
    Off-Market
    Last Sale Jan 10, 2023
    $155,000
    Property ID
    US22-3452126
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keith McDonald Plumbing Sewer & Septic / Plumbing Service / General Contractor

    Property Details for 103 Garrett NW Way

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    0.56 lot acres
    Property size
    3,460 SF
    Zone code
    RESIDENTIAL
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    M54 003B
    APU
    M54003B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.2479
    Latitude
    33.0996
    CBSA code
    33300
    CBSA name
    MILLEDGEVILLE, GA MICROPOLITAN 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
    $2,079
    $26,880
    $39,548
    $66,428
    -
    $67,200
    $98,870
    $166,070

    Comparable in this City

    • Value Estimation by Request
      880 SF

      238 Log Cabin NE Rd

      MINI-WAREHOUSE, STORAGE • 880 SF
      238 Log Cabin NE Rd, Milledgeville, GA 31061
      View Details
    • Value Estimation by Request
      5,514 SF

      711 Wilkinson St

      MINI-WAREHOUSE, STORAGE • 5,514 SF
      711 Wilkinson St, Milledgeville, GA 31061-2849
      View Details
    • Value Estimation by Request
      2,314 SF

      126 Wright Dr Neb

      MINI-WAREHOUSE, STORAGE • 2,314 SF
      126 Wright Dr Neb, Milledgeville, GA 31061-5407
      View Details
    • Value Estimation by Request
      9,782 SF

      766 Central Shop Rd

      MINI-WAREHOUSE, STORAGE • 9,782 SF
      766 Central Shop Rd, Milledgeville, GA 31061-6236
      View Details
    • Value Estimation by Request
      2,360 SF

      395 Barrows Fry NE Rd

      MINI-WAREHOUSE, STORAGE • 2,360 SF
      395 Barrows Fry NE Rd, Milledgeville, GA 31061-7935
      View Details
    • Value Estimation by Request
      5,544 SF

      3015 Heritage NE Pl

      MINI-WAREHOUSE, STORAGE • 5,544 SF
      3015 Heritage NE Pl, Milledgeville, GA 31061-9075
      View Details

    Similar Nearby for Sale

    • $299,000
      3,993 SF

      Milledgeville Retail/Warehouse Opportunity

      Corner retail/warehouse with high visibility and traffic in Milledgeville.
      1590 N Columbia St, Milledgeville, GA 31061
      View Details
    • New
      $699,900
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      13,068 SF

      Versatile Commercial Property on 3.19 Acres

      13,068 SF commercial building on 3.19 acres for sale.
      3028-3030 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      20,400 SF

      Milledgeville Warehouse For Sale

      20,400 SF warehouse available in Milledgeville, Georgia.
      165 Garrett Way, Milledgeville, GA 31061
      View Details
    • New
      $699,900
      11,608 SF

      Milledgeville Commercial Opportunity For Sale

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      Versatile Commercial Property Near Lake Sinclair

      13,068 SF commercial building on 3.19 acres near Lake Sinclair.
      3028-3030 N Columbia St, Milledgeville, GA 31061
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Milledgeville Warehouse Spaces for Lease

      Warehouse spaces for lease, various sizes, features, and configurations.
      311 Lawrence Rd, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      45,013 SF

      Merchant Central Retail Space

      Milledgeville, GA: 1,200 SF Walmart-Anchored
      2600 Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      Office Building Near Highway 441

      14,540 SF office building in a prime location.
      2930 Heritage Pl, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      Retail/Office Space in Milledgeville, GA

      Space suitable for office, retail, restaurant, fitness, or medical use.
      2485 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      Retail Leasing Opportunity in Milledgeville

      Retail and restaurant spaces available for lease in Milledgeville, GA.
      441 And Log Cabin Rd, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      355 Allen Memorial Dr, Milledgeville, GA 31061

      Commercial land
      355 Allen Memorial Dr, Milledgeville, GA 31061
      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.
    103 Garrett NW Way
    Milledgeville, GA 31061-2318
    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

    Thank You for Inquiry
    103 Garrett NW Way, Milledgeville, GA, 31061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!