Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 New Franklin Rd Lagrange, GA 30240-2301

    Property Lookup

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

    115 New Franklin Rd Lagrange, GA 30240-2301

    View on Map
    • Turn key restaurants
    • 3,378 SF
    • 0.78 lot acres
    Off-Market
    Property ID
    US22-1653307
    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
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arby's / Restaurant / Take-out & Catering

    Property Details for 115 New Franklin Rd

    Year built
    1971
    Lot size
    0.78 lot acres
    Property size
    3,378 SF
    Zone code
    16- CR-MX
    Property type
    Turn key restaurants
    APN
    0614A001009
    APU
    0614A001009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $556,000
      Market price range: $288k - $665k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0302
    Latitude
    33.0446
    CBSA code
    29300
    CBSA name
    LAGRANGE, GA-AL 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
    $10,006
    $113,880
    $253,020
    $366,900
    -
    $284,700
    $632,550
    $917,250

    Comparable in this City

    • Value Estimation by Request
      930 SF

      128 Bull St

      RESTAURANT • 930 SF
      128 Bull St, Lagrange, GA 30240-3205
      View Details
    • Value Estimation by Request
      2,215 SF

      104 Bull St

      RESTAURANT • 2,215 SF
      104 Bull St, Lagrange, GA 30240-3205
      View Details
    • Value Estimation
      $695,000
      4,732 SF

      141 Main St

      RESTAURANT • 4,732 SF
      141 Main St, Lagrange, GA 30240-3226
      View Details
    • Value Estimation
      $645,000
      5,915 SF

      2240 Pt Rd

      RESTAURANT • 5,915 SF
      2240 Pt Rd, Lagrange, GA 30240-4062
      View Details
    • Value Estimation by Request
      6,176 SF

      101 Lafayette Pkwy

      RESTAURANT • 6,176 SF
      101 Lafayette Pkwy, Lagrange, GA 30240-3208
      View Details
    • Value Estimation by Request
      4,959 SF

      305 Morgan St

      RESTAURANT • 4,959 SF
      305 Morgan St, Lagrange, GA 30240-2805
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,488 SF

      Established Eatery and Butcher Shop

      Eatery and butcher shop in high-traffic location.
      301 Mooty Bridge Rd, Lagrange, GA 30240
      View Details
    • $450,000
      9,560 SF

      Versatile Commercial Property Near Rail District

      Commercial property near revitalized rail district with multiple potential uses.
      504 E Depot St, Lagrange, GA 30240
      View Details
    • Contact for pricing

      High-Traffic Retail Corridor Opportunity

      Located in a high-traffic area near LaGrange College.
      211 Vernon St, Lagrange, GA 30240
      View Details
    • $369,900
      2,014 SF

      Lagrange Commercial Corner Lot

      Commercial lot with showroom, office, storage, and parking.
      201 New Franklin Rd, Lagrange, GA 30240
      View Details
    • $3,750,000
      22,651 SF

      Mixed-Use Building in Downtown Lagrange

      Three-story mixed-use building in the heart of downtown Lagrange.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • Contact for pricing
      4,088 SF

      Renovated Commercial Property with Shop

      High-visibility commercial property featuring offices, shop area, and carports.
      2898 W Point Rd, Lagrange, GA 30240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      LaGrange Medical Plaza For Rent

      Medical and retail spaces available in LaGrange, Georgia.
      1605 Vernon Rd, Lagrange, GA 30240
      View Details
    • $8,500 /Mo
      8,468 SF

      Downtown LaGrange Retail Space

      Spacious retail property in downtown LaGrange, available July 2026.
      316 N Lewis St, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Retail Space in Merganser Commons

      Shop space for lease in Publix anchored shopping center.
      29 & Hl And Dales Farm Rd, Lagrange, GA 30240
      View Details
    • $1,300 /Mo
      7,072 SF

      Mixed-Use Retail Space in Lagrange

      Exceptional mixed-use retail space in a desirable Lagrange location.
      710 Lincoln St, Lagrange, GA 30240
      View Details
    • $1,250 /Mo
      10,890 SF

      Downtown Lagrange Office Suite

      Professional office suite for lease in downtown Lagrange, Georgia.
      101 New Franklin Rd, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Industrial Space Near Inland Port

      Large industrial space with heavy power and I-85 access.
      89 Pegasus Pkwy, Lagrange, GA 30240
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      6.4k
    • Avg Time on site
      15 min
    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.
    115 New Franklin Rd
    Lagrange, GA 30240-2301
    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!