Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    107 Pa Johns Rd Milledgeville, GA 31061

    Property Lookup

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

    107 Pa Johns Rd Milledgeville, GA 31061

    View on Map
    • Commercial real estate
    • 75,017 SF
    Off-Market
    Property ID
    US22-3473245
    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

    • Hidden Cove Apartments / Apartment Building
    • Burdette Building & Home Maintenance / Hardware & Home Improvement / General Contractor

    Property Details for 107 Pa Johns Rd

    Year built
    1973
    Property size
    75,017 SF
    Property type
    Commercial real estate
    APN
    087

    Description

    This exceptional 59-unit apartment building, located at 107 P A Johns Rd, Milledgeville, GA 31061, presents a compelling investment opportunity. The property, built in 1973, boasts a total of 75,017 square feet situated on a 6.42-acre lot, offering a density of 9 units per acre. The complex comprises 40 two-bedroom, two-and-a-half-bathroom units and 19 three-bedroom, two-and-a-half-bathroom units, averaging 1,253 square feet each. Current average rent is $1,122 per month, while market average rents stand at $1,240, indicating potential for increased revenue. The property features energy-efficient townhomes and desirable amenities including a tennis court, swimming pool, and picnic area. Significant capital expenditures totaling $500,000 have been invested over the past three years, including HVAC unit replacements as needed and unit upgrades during turnover over the past five years. The asking price is $6,100,000, representing $103,390 per unit and $81 per square foot. The current tax-adjusted cap rate is 7.44%, with a market-stabilized cap rate of 8.69%. This well-maintained property offers a strong return on investment with significant upside potential in a desirable location. APN: 087.

    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
    -83.2165999
    Latitude
    33.1360863

    Comparable in this City

    • Contact for pricing
      10,069 SF

      Renovated Mixed-Use Student Housing

      Fully renovated, 100% occupied mixed-use property near Georgia College.
      127 S Wayne St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      49-Unit Multifamily Property

      Multifamily property featuring 49 units.
      125 Cox Cir, Milledgeville, GA 31061
      View Details
    • $349,900
      1,656 SF

      Two Income-Producing Duplex Buildings

      Two identical duplex buildings with tenants in place, great investment.
      2313 NE Laura Ct, Milledgeville, GA 31061
      View Details
    • $215,000
      2,246 SF

      Renovated Duplex in Furman Estates

      Recently renovated duplex with strong rental history, ideal for investors.
      101 Lilac Ct, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      46,893 SF

      Milledgeville Multifamily Property for Sale

      Multifamily property in Milledgeville, GA, with 46,893 square feet.
      311 E Mcintosh St, Milledgeville, GA 31061
      View Details
    • $395,000
      2,888 SF

      Downtown Milledgeville Versatile Commercial Gem

      Remodeled 2,888 sq ft property near Georgia Military College.
      121 E Baldwin St, Milledgeville, GA 31061
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,069 SF

      Renovated Mixed-Use Student Housing

      Fully renovated, 100% occupied mixed-use property near Georgia College.
      127 S Wayne St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      49-Unit Multifamily Property

      Multifamily property featuring 49 units.
      125 Cox Cir, Milledgeville, GA 31061
      View Details
    • $349,900
      1,656 SF

      Two Income-Producing Duplex Buildings

      Two identical duplex buildings with tenants in place, great investment.
      2313 NE Laura Ct, Milledgeville, GA 31061
      View Details
    • $215,000
      2,246 SF

      Renovated Duplex in Furman Estates

      Recently renovated duplex with strong rental history, ideal for investors.
      101 Lilac Ct, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      46,893 SF

      Milledgeville Multifamily Property for Sale

      Multifamily property in Milledgeville, GA, with 46,893 square feet.
      311 E Mcintosh St, Milledgeville, GA 31061
      View Details
    • $395,000
      2,888 SF

      Downtown Milledgeville Versatile Commercial Gem

      Remodeled 2,888 sq ft property near Georgia Military College.
      121 E Baldwin St, Milledgeville, GA 31061
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office suites available in high-traffic Milledgeville plaza.
      1841 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing
      7,600 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      2596 N Columbia St, Milledgeville, GA 31061
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Renovated medical office space available in Milledgeville, Georgia.
      811 N Cobb St, Milledgeville, GA 31061
      View Details
    • 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

      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.
    107 Pa Johns Rd
    Milledgeville, GA 31061
    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.
    Sign Up Successful!
    You now have access to more from Realmo!