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    120 W Oak St Mc Rae, GA 31055
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    Property profile & analytics

    120 W Oak St Mc Rae, GA 31055

    View on Map
    • Strip malls
    • 7,685 SF
    • 4.42 lot acres
    For Lease
    $5,450,000
    View Listing →
    Active Strip-Mall Property For Rent For Lease
    $5,450,000

    Active Strip-Mall Property For Rent

    Strip-mall with national grocer and local businesses, high traffic.

    Mc Rae, GA 31055
    View Listing
    Property ID
    US22-3226240
    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
    $5,450,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 120 W Oak St

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    4.42 lot acres
    Property size
    7,685 SF
    Zone code
    RESIDENTIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    MC0400 004
    APU
    MC0400004

    Description

    Telfair Plaza, located at 120 W Oak St, McRae-Helena, GA 31055, presents a compelling investment opportunity in a thriving retail environment. This 12.73-acre property comprises four single-story buildings totaling 125,539 square feet, offering a variety of spaces to suit diverse business needs. Built in 1982 and renovated in 2000, the property features ample parking with 519 spaces. Currently, there are 8,400 square feet of vacant space available, divisible into units as small as 1,200 square feet and with a maximum contiguous space of 7,200 square feet. The property is zoned C3 and benefits from its location in the county seat, experiencing high traffic volume with over 8,000 vehicles passing daily. Telfair Plaza is anchored by Harvey's grocery, a national grocer, and is surrounded by a mix of local and national businesses, creating a vibrant and convenient shopping destination. This established center offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property's size and configuration provide flexibility for both single and multi-tenant occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,115,000
      ML approach
      $5,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Rae Helena
    County
    Telfair
    State
    Georgia
    Longitude
    -82.9078
    Latitude
    32.0703

    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
    $23,861
    $183,872
    $607,244
    $791,116
    -
    $459,680
    $1,518,111
    $1,977,791

    Comparable in this City

    • Value Estimation
      $560,000
      5,580 SF

      31 Oak St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,580 SF
      31 Oak St, Mc Rae Helena, GA 31055-4336
      View Details
    • Value Estimation
      $645,000
      7,000 SF

      118 Oak St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,000 SF
      118 Oak St, Mc Rae Helena, GA 31055-4338
      View Details
    • Value Estimation
      $925,000
      10,696 SF

      125 Oak St

      WHOLESALE OUTLET, DISCOUNT STORE • 10,696 SF
      125 Oak St, Mc Rae Helena, GA 31055-4334
      View Details
    • Value Estimation by Request
      960 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      Main St, Mc Rae Helena, GA 31055
      View Details
    • Value Estimation by Request
      3,000 SF

      261 Willow Crk Ln

      AUTO REPAIR, GARAGE • 3,000 SF
      261 Willow Crk Ln, Mc Rae Helena, GA 31055-5127
      View Details
    • Value Estimation by Request
      802 SF

      Mc Rae Helena, GA 31055

      RETAIL STORES (PERSONAL SERVICES) • 802 SF
      Mc Rae Helena, GA 31055
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Versatile Commercial Building in McRae-Helena

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      McRae Industrial Building For Sale

      107,775 sq ft industrial building suitable for manufacturing/distribution.
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    • $155,900
      8.80 Acres

      8.8 Acres on Jim Hammock

      8.8 acres with road frontage and flexible use potential.
      Jim Hammock Dr, Mc Rae, GA 31055
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    • $349,486
      71.32 Acres

      Versatile Land with Timber Potential

      71.32 acres in Telfair County with timber and recreational opportunities.
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    View Listing
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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.

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