Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11823 Augusta Rd Lavonia, GA 30553-1289

    Property Lookup

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

    11823 Augusta Rd Lavonia, GA 30553-1289

    View on Map
    • Strip malls
    • 6,250 SF
    • 1.29 lot acres
    Off-Market
    Property ID
    US22-3921895
    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

    • Ladies Fitness / Gym & Fitness Center
    • Papa John's Pizza / Restaurant
    • Salon Noel, LLC / Hair Salon
    • Elevated Art Tattoo Studio / Tattoo & Piercing Shop
    • The GoodLife Vape & Smoke Shop / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 11823 Augusta Rd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    1.29 lot acres
    Property size
    6,250 SF
    Zone code
    RESIDENTIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    L012-002-B
    APU
    L012002B

    Description

    This exceptional investment opportunity presents a fully occupied five-unit strip mall situated on a prominent 1.29-acre lot in Lavonia, Georgia. The property boasts a highly desirable location with double road frontage, accessible from both State Highway 17 and a secondary city street, offering excellent visibility and accessibility. Each of the five units measures approximately 1250 square feet, totaling 6250 square feet of leasable space. The property is currently generating consistent rental income due to its 100% occupancy rate. Ample parking is available in the asphalt parking lot, catering to tenants and customers alike. A tall commercial sign ensures high visibility from the road. The strategic location offers easy access from I-85 Exit 173, benefiting from significant traffic counts. City utilities are readily available, simplifying operations. The expansive lot size presents a potential for future expansion, allowing for the addition of another building to further increase revenue streams. This turnkey investment is ideal for those seeking a stable, income-producing asset with significant growth potential in a thriving business location. The property's combination of high visibility, convenient access, and existing tenant occupancy makes it a compelling opportunity for discerning investors.

    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
    Lavonia
    County
    Franklin
    State
    Georgia
    Longitude
    -83.104
    Latitude
    34.4233

    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
    $5,060
    $33,720
    $107,241
    $140,961
    -
    $84,300
    $268,103
    $352,403

    Comparable in this City

    • Value Estimation
      $1,205,000
      57,497 SF

      13365 Jones St

      SHOPPING CENTER, STRIP CENTER • 57,497 SF
      13365 Jones St, Lavonia, GA 30553-1164
      View Details
    • Value Estimation
      $645,000
      17,850 SF

      12260 Augusta Rd

      SHOPPING CENTER, STRIP CENTER • 17,850 SF
      12260 Augusta Rd, Lavonia, GA 30553-1210
      View Details
    • Value Estimation by Request
      9,000 SF

      13345 Jones St

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      13345 Jones St, Lavonia, GA 30553-1164
      View Details
    • Value Estimation by Request
      9,828 SF

      176 Jones St Ext

      SHOPPING CENTER, STRIP CENTER • 9,828 SF
      176 Jones St Ext, Lavonia, GA 30553
      View Details
    • Value Estimation by Request
      12,480 SF

      Shirley Rd

      Lifestyle centers • 12,480 SF
      0 Shirley Rd, Lavonia, GA 30553
      View Details
    • Value Estimation
      $1,825,000
      9,380 SF

      60 Poplar Spgs Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,380 SF
      60 Poplar Spgs Rd, Lavonia, GA 30553-2032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100 SF

      Level Commercial Lot Near I-85

      Easily developable commercial lot near I-85 and major retailers.
      00 Concrete Rd, Lavonia, GA 30553
      View Details
    • $599,000

      Versatile Freestanding Building in Lavonia

      6,000 sq ft building suitable for retail or office.
      12679 Augusta Rd, Lavonia, GA 30553
      View Details
    • $199,000
      900 SF

      Historic Lavonia Commercial Building

      Charming 900 SF historic building in downtown Lavonia.
      1174 E Main St, Lavonia, GA 30553
      View Details
    • $895,000
      8,244 SF

      Versatile Commercial Space in Lavonia

      Renovated commercial building with B2 zoning and endless potential.
      11909 Augusta Rd, Lavonia, GA 30553
      View Details
    • $335,000
      3,948 SF

      Lavonia Commercial Property with Shop

      Versatile commercial property with equipped shop in Lavonia, Georgia.
      110 Maurice Way, Lavonia, GA 30553
      View Details
    • $3,500,000

      Land Parcels Near I-85

      23.89 acres of land ideal for a truck shop.
      5601 Whitworth Rd, Lavonia, GA 30553
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Shopping Center in Lavonia

      Multi-tenant shopping center anchored by Dill's City supermarket.
      12260 Augusta Rd, Lavonia, GA 30553
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Space with Office

      6,000 SF industrial space with office near I-85.
      2749 Providence Church Rd, Lavonia, GA 30553
      View Details
    • $4,000 /Mo

      Industrial Building with Office Space

      Industrial building with office, dock door, and drive-in door.
      2749 Providence Church Rd, Lavonia, GA 30553
      View Details
    • $5,500 /Mo
      17,000 SF

      Lavonia Warehouse with Loading Dock

      17,000 sq ft warehouse with loading dock for rent.
      720 E Main St, Lavonia, GA 30553
      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.
    11823 Augusta Rd
    Lavonia, GA 30553-1289
    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!