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    119 Ridley Ave Lagrange, GA 30240
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    Property profile & analytics

    119 Ridley Ave Lagrange, GA 30240

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    • Investment properties
    • 18,321 SF
    • 0.52 lot acres
    For Lease
    $2,500/Mo
    View Listing →
    Historic Building in Downtown LaGrange For Lease
    $2,500/Mo
    18,321 SF

    Historic Building in Downtown LaGrange

    Restored historic building with suites and offices for rent.

    SUITE 300, 119 Ridley Avenue, Lagrange, GA 30240
    View Listing
    Property ID
    US22-1480610
    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

    • Pro Wheels USA LLC / Freight Service / Logistics Company
    • Baker Wealth Group, LLC / Financial Advisor
    • Forte HealthForce / Employment Agency
    • Amanda Eiland Hair / Hair Salon
    • Styles by XLG / Hair Salon

    Property Details for 119 Ridley Ave

    Year built
    1900
    Lot size
    0.52 lot acres
    Property size
    18,321 SF
    Zone code
    16- DT-MX
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0614W002017
    APU
    0614W002017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $997,000
      Market price range: $998k - $2.75M
      AI Estimate
      $1,138,000
      Market price range: $1.03M - $3.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0314
    Latitude
    33.0404
    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
    $10,874
    $113,520
    $234,200
    $347,720
    -
    $283,800
    $585,500
    $869,300

    Comparable in this City

    • Value Estimation
      $3,650,000
      24,000 SF

      124 Main St

      STORE/OFFICE (MIXED USE) • 24,000 SF
      124 Main St, Lagrange, GA 30240-3211
      View Details
    • Value Estimation by Request
      4,012 SF

      103-107 Ridley Ave

      STORE/OFFICE (MIXED USE) • 4,012 SF
      103-107 Ridley Ave, Lagrange, GA 30240
      View Details
    • Value Estimation
      $560,000
      3,820 SF

      201 Ridley Ave

      STORE/OFFICE (MIXED USE) • 3,820 SF
      201 Ridley Ave, Lagrange, GA 30240-2725
      View Details
    • Value Estimation by Request
      3,811 SF

      1406 Whitesville St

      STORE/OFFICE (MIXED USE) • 3,811 SF
      1406 Whitesville St, Lagrange, GA 30240-5643
      View Details
    • Value Estimation by Request
      1,440 SF

      420 Greenwood St

      STORE/OFFICE (MIXED USE) • 1,440 SF
      420 Greenwood St, Lagrange, GA 30240-3124
      View Details
    • Value Estimation by Request
      5,198 SF

      205 Broad St

      STORE/OFFICE (MIXED USE) • 5,198 SF
      205 Broad St, Lagrange, GA 30240-2705
      View Details

    Similar Nearby for Sale

    • 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
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      Mixed-Use Property Near Airport

      6.08 acres with three buildings near LaGrange Callaway Airport.
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      LaGrange Commercial Opportunity on Whitesville

      4.6 acre commercial property in LaGrange's growing corridor.
      1800 Whitesville 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
    • $689,000
      4,900 SF

      Lagrange Commercial Corner Lot Opportunity

      Dual building investment with high visibility and flexible use potential.
      838 New Franklin Rd, Lagrange, GA 30240
      View Details
    • $769,900
      Pending

      Downtown LaGrange Mixed-Use Property

      Prime commercial space with renovated apartment in downtown LaGrange.
      101 N Lafayette Sq, Lagrange, GA 30240
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • Contact for pricing

      LaGrange Warehouse Space Available

      Industrial warehouse space for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Prime Industrial Land for Lease

      Class A industrial park with I-85 access.
      89 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      LaGrange Warehouse Space Available

      Industrial warehouse space for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • $2,500 /Mo
      18,321 SF

      Historic Building in Downtown LaGrange

      Restored historic building with suites and offices for rent.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    View Listing
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    Lagrange, GA 30240
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    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
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