Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    11661 Commerce Rd Athens, GA 30607-2342
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11661 Commerce Rd Athens, GA 30607-2342

    View on Map
    • Office properties & Spaces
    • 288 SF
    • 60.00 lot acres
    Off-Market
    Property ID
    US22-2806013
    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

    • Something Unique / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • J&J Flea Market / (Bike/Boat/Book/etc) Store
    • Building #1 at J&J Flea Market / Shopping Center & Mall
    • Scentsations / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Flea Bite Cafe / Cafe & Coffee Shop

    Property Details for 11661 Commerce Rd

    Year built
    1985
    Construction
    WOOD
    Lot size
    60.00 lot acres
    Property size
    288 SF
    Zone code
    HRC
    Property type
    Office properties & Spaces
    APN
    018 007
    APU
    18007

    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
    Athens
    County
    Jackson
    State
    Georgia
    Longitude
    -83.3969
    Latitude
    34.0287
    CBSA code
    27600
    CBSA name
    JEFFERSON, 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
    $26,696
    $408,360
    $608,020
    $1,016,380
    -
    $1,020,900
    $1,520,050
    $2,540,950

    Comparable in this City

    • Value Estimation by Request
      2,460 SF

      3235 Jefferson Rd

      OFFICE (GENERAL) • 2,460 SF
      3235 Jefferson Rd, Athens, GA 30607-1218
      View Details
    • Value Estimation
      $1,525,000
      10,000 SF

      189 Paradise Blvd

      OFFICE (GENERAL) • 10,000 SF
      189 Paradise Blvd, Athens, GA 30607-1121
      View Details
    • Value Estimation
      $2,950,000
      35,625 SF

      199 Paradise Vly Rd

      OFFICE (GENERAL) • 35,625 SF
      199 Paradise Vly Rd, Athens, GA 30607-1345
      View Details
    • Value Estimation by Request
      2,700 SF

      500 Dairy Pak Rd

      OFFICE (GENERAL) • 2,700 SF
      500 Dairy Pak Rd, Athens, GA 30607
      View Details
    • Value Estimation by Request
      24,164 SF

      170 Floyd Dr

      OFFICE (GENERAL) • 24,164 SF
      170 Floyd Dr, Athens, GA 30607-1466
      View Details
    • Value Estimation
      $1,820,000
      11,615 SF

      315 Newton Brg Rd

      OFFICE (GENERAL) • 11,615 SF
      315 Newton Brg Rd, Athens, GA 30607-1143
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,379 SF

      Medical Building For Sale

      Medical building for sale, 85% leased.
      5095 Jefferson Rd, Athens, GA 30607
      View Details
    • Contact for pricing
      14,633 SF

      Medical Office Facility For Sale

      14,633 SF medical office near hospitals in Athens, GA.
      120 Trinity Pl, Athens, GA 30607
      View Details
    • Contact for pricing
      42,000 SF

      Industrial Building with Secured Storage

      42,000 SF industrial building near Downtown Athens and UGA.
      500 Dairy Pak Rd, Athens, GA 30607
      View Details
    • $299,000

      Residential Tract in Jackson County

      10-acre residential tract in Jackson County, zoned agricultural.
      Archer Grove School Rd, Athens, GA 30607
      View Details
    • Contact for pricing
      4,000 SF

      New Industrial Project in Athens

      New industrial flex space for sale in Athens, Georgia.
      161 Fritz Mar Ln, Athens, GA 30607
      View Details
    • $649,000

      Prime Land on Jefferson Road

      8.593 acres of commercial land with high visibility.
      8032 Jefferson Rd, Athens, GA 30607
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      14,182 SF

      Athens Medical Office Space

      Class A medical office suites available
      3320 Old Jefferson Rd, Athens, GA 30607
      View Details
    • Contact for pricing

      Retail, Restaurant, Medical Space Available

      Mixed-use property near Publix, Athens Country Club, UGA.
      6045 Jefferson Rd, Athens, GA 30607
      View Details
    • Contact for pricing
      8,840 SF

      New Construction Medical Office Space

      8,840 SF customizable medical space for lease.
      5105 Jefferson Rd, Athens, GA 30607
      View Details
    • $6 SF/Yr

      Industrial Property with Rail Spur

      Versatile industrial property near Athens with rail access.
      199 Paradise Valley Rd, Athens, GA 30607
      View Details
    • $20 SF/Yr
      100,000 SF

      Prime Location Near Chase Street

      Located near Chase Street and downtown Athens, Georgia.
      100 Newton Bridge Rd, Athens, GA 30607
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Available for Rent

      Retail space available immediately, convenient location.
      2415 Jefferson Rd, Athens, GA 30607
      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.
    11661 Commerce Rd
    Athens, GA 30607-2342
    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!