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

    1240th S Houston Lk Rd Warner Robins, GA 31088-2707

    • Strip malls
    • 3,000 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2023
    $110,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1912279
    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

    • Strip malls

    Property Details for 1240th S Houston Lk Rd

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    3,000 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0W1010 024000
    APU
    0W1010024000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warner Robins
    County
    Houston
    State
    Georgia
    Longitude
    -83.6615
    Latitude
    32.5667
    CBSA code
    47580
    CBSA name
    WARNER ROBINS, GA METROPOLITAN 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
    $2,853
    $20,720
    $65,800
    $86,520
    -
    $51,800
    $164,500
    $216,300

    Comparable in this City

    • Value Estimation
      $2,350,000
      9,916 SF

      678 Lk Joy Rd

      SHOPPING CENTER, STRIP CENTER • 9,916 SF
      678 Lk Joy Rd, Warner Robins, GA 31088
      View Details
    • Value Estimation
      $1,285,000
      14,674 SF

      623 Houston Lk Rd

      SHOPPING CENTER, STRIP CENTER • 14,674 SF
      623 Houston Lk Rd, Warner Robins, GA 31088-9093
      View Details
    • Value Estimation
      $940,000
      11,250 SF

      2611 Moody Rd

      SHOPPING CENTER, STRIP CENTER • 11,250 SF
      2611 Moody Rd, Warner Robins, GA 31088-7755
      View Details
    • Value Estimation
      $3,060,000
      30,984 SF

      814 Russell Pkwy

      SHOPPING CENTER, STRIP CENTER • 30,984 SF
      814 Russell Pkwy, Warner Robins, GA 31088-6059
      View Details
    • Value Estimation
      $1,425,000
      9,000 SF

      154 Houston Lk Rd

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      154 Houston Lk Rd, Warner Robins, GA 31088-9054
      View Details
    • Value Estimation
      $1,015,000
      9,750 SF

      1220 Russell Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,750 SF
      1220 Russell Pkwy, Warner Robins, GA 31088-8676
      View Details

    Similar Nearby for Sale

    • $650,000
      5,252 SF

      Warner Robins Commercial Property

      Commercial property available for sale or lease in Warner Robins.
      2070 Watson Blvd, Warner Robins, GA 31088
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      Highly visible building with existing drive-thru available for sale.
      Warner Robins, GA 31088
      View Details
    • Contact for pricing
      16.80 Acres

      Prime Retail Land, Warner Robins

      16.8 Acres, High-Traffic Location
      0 Houston Lake Rd, Warner Robins, GA 31088
      View Details
    • $760,000
      2.00 Acres

      Prime Commercial Lot - Warner Robins

      2.00 acre commercial lot at a major intersection.
      1850 Russell Pkwy, Warner Robins, GA 31088
      View Details
    • Contact for pricing
      0.86 Acres

      Highway 96 Development Land

      Georgia Commercial Land, High Traffic
      96 @ Lk Joy Rd, Warner Robins, GA 31088
      View Details
    • $500,000
      2.00 Acres

      Prime Warner Robins Commercial Land

      2-Acre Development Site, Excellent Location
      2 Acres Houston Lk Rd & Feagin Ml Rd, Warner Robins, GA 31088
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Robins AFB

      Retail property with high visibility near a major Air Force Base.
      115 Russell Pkwy, Warner Robins, GA 31088
      View Details
    • $264 SF/Yr
      1,250 SF

      Lake Joy Road Office Space

      ±1250 SF Office, Great Location
      915 Lake Joy Rd, Warner Robins, GA 31088
      View Details
    • Contact for pricing
      2,200 SF

      Former Restaurant with Drive-Thru

      Highly visible restaurant space with drive-thru available for lease.
      744 Russell Pkwy, Warner Robins, GA 31088
      View Details
    • $16 SF/Yr
      10,201 SF

      Prime Commercial Property on Houston Lake

      Versatile 10,201 SF commercial space on a high-traffic road.
      924 S Houston Lake Rd, Warner Robins, GA 31088
      View Details
    • Contact for pricing
      7,475 SF

      Warner Robins Retail Center

      Prime Retail Space Available Now
      608 Houston Lake Rd, Warner Robins, GA 31088
      View Details
    • $17 SF/Yr
      2,100 SF

      Office Space with Private Offices

      Office space featuring private offices, conference room, and reception area.
      404 Corder Rd, Warner Robins, GA 31088
      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.
    1240th S Houston Lk Rd
    Warner Robins, GA 31088-2707
    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.