Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 3rd St Vienna, GA 31092-1186

    • Retail space
    • 2,431 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3198863
    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

    • Tienda Y Taqueria Mi Familia / Mexican Restaurant
    • Ria Money Transfer - Tienda y Taqueria Mi Familia / Money Transfer Service

    Property Details for 117 3rd St

    Year built
    1900
    Lot size
    0.13 lot acres
    Property size
    2,431 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    V 1 1 8
    APU
    V118

    Description

    This 951-square-foot executive office building in Vienna, Georgia, presents a fantastic opportunity. Located at 117 S 3rd St, this single-tenant property boasts a convenient downtown location, directly across from Walter F. George Park. Built in 1974, the building sits on a 0.1-acre lot and is zoned C-1. The property features a spacious layout including a large open area, three private offices, and a restroom. A valuable drive-through window is also included, adding versatility to potential uses. Onsite paved parking is available. The property's prime location offers excellent visibility and proximity to key county services, including the Dooly County Zoning Department, Tax Commissioner, and Courthouse, as well as numerous other retail and professional businesses. The building's former use as a financial office speaks to its suitability for a variety of professional office applications. The property's APN is V135, and it's situated in Dooly County, Georgia, zip code 31092. This is an exceptional opportunity to acquire a well-located, functional office space in a thriving community. The vacant building offers immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $94.5k - $431k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $255,000
      Current use
      COMMERCIAL (GENERAL)
      $205,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Vienna
    County
    Dooly
    State
    Georgia
    Longitude
    -83.7966
    Latitude
    32.0923

    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
    $1,400
    $3,600
    $26,400
    $30,000
    -
    $9,000
    $66,000
    $75,000

    Comparable in this City

    • Value Estimation
      $245,000
      1,320 SF

      121st E Un St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      121st E Un St, Vienna, GA 31092-1507
      View Details
    • Value Estimation
      $255,000
      1,254 SF

      121 Un St

      RETAIL STORES (PERSONAL SERVICES) • 1,254 SF
      121 Un St, Vienna, GA 31092-1507
      View Details
    • Value Estimation
      $170,000
      5,520 SF

      101 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      101 3rd St, Vienna, GA 31092-1511
      View Details
    • Value Estimation
      $245,000
      980 SF

      113 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 980 SF
      113 3rd St, Vienna, GA 31092-1511
      View Details
    • Value Estimation
      $250,000
      2,912 SF

      107 Un St

      RETAIL STORES (PERSONAL SERVICES) • 2,912 SF
      107 Un St, Vienna, GA 31092-1507
      View Details
    • Value Estimation
      $210,000
      1,050 SF

      115 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      115 3rd St, Vienna, GA 31092-1511
      View Details

    Similar Nearby for Sale

    • $275,000
      4,760 SF

      Vienna, GA Commercial Building

      Commercial building in Vienna, GA with updated interior features.
      214 Hawkinsville Rd, Vienna, GA 31092
      View Details
    • $750,000
      32.00 Acres

      Vienna Industrial Land: 32 Acres

      Prime Industrial Land: Vienna, GA Investment
      932 Union St, Vienna, GA 31092
      View Details
    • Contact for pricing
      26,754 SF

      Vienna Industrial Warehouse - 35 Acres

      Versatile flex space, ideal for manufacturing.
      928 Union St, Vienna, GA 31092
      View Details
    • $715,500
      15.90 Acres

      Interstate 75 Commercial Land Georgia

      15.9 Acres, High Visibility, C-2 Zoning
      250 Pig Jig Blvd, Vienna, GA 31092
      View Details
    • $499,000
      2,352 SF

      Vienna, GA Church Property

      Church property with furnishings, fellowship hall, and manufactured homes.
      352 Evergreen Church Rd, Vienna, GA 31092
      View Details
    • $160,000
      16.00 Acres

      Vienna, GA Farmland Homestead

      16+/- acre farmland/woodland mix with abundant wildlife.
      655 Howard Farm Rd, Vienna, GA 31092
      View Details

    Similar Nearby for Lease

    • $95,000
      951 SF

      Former Financial Office Space

      951 SF office space with drive-through window available for rent.
      117 S 3Rd St, Vienna, GA 31092
      View Details
    • Contact for pricing

      Industrial Land with I-75 Access

      Industrial land with easy access to I-75.
      E Union St, Vienna, GA 31092
      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.
    117 3rd St
    Vienna, GA 31092-1186
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.