Add Listing
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

    1281 Spartan Ln Athens, GA 30606-5321

    • Office buildings
    • 11,600 SF
    • 154.32 lot acres
    OFF-MARKET
    Value Estimations
    $2,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0952112
    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

    • Athens Academy / High School
    • Spartan Center Parking / Parking Lot & Garage

    Property Details for 1281 Spartan Ln

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    154.32 lot acres
    Property size
    11,600 SF
    Zone code
    AR
    Property type
    Office buildings
    APN
    C-03-018-CC
    APU
    C03018CC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,584,000
      Market price range: $1.34M - $2.58M
      AI Estimate
      $2,641,000
      Market price range: $477k - $2.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,950,000
      Current use
      WAREHOUSE, STORAGE
      $2,975,000
      Change: +53% Conversion: Difficult
      MEDICAL BUILDING
      $2,780,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,140,000
      Change: +10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,865,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Oconee
    State
    Georgia
    Longitude
    -83.3992
    Latitude
    33.8983
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $0.00
    $3,131,225
    $17,791,688
    $20,922,913
    -
    $7,828,063
    $44,479,220
    $52,307,283

    Comparable in this City

    • Value Estimation
      $8,190,000
      68,931 SF

      2500 Daniells Brg Rd

      OFFICE BUILDING • 68,931 SF
      2500 Daniells Brg Rd, Athens, GA 30606-6178
      View Details
    • Value Estimation by Request
      950 SF

      1071 Founders Blvd

      OFFICE BUILDING • 950 SF
      1071 Founders Blvd, Athens, GA 30606-6176
      View Details
    • Value Estimation
      $630,000
      1,074 SF

      1090 Founders Blvd Ste A

      OFFICE BUILDING • 1,074 SF
      1090 Founders Blvd Ste A, Athens, GA 30606-6163
      View Details
    • Value Estimation
      $6,420,000
      6,894 SF

      1040 Founders Blvd

      OFFICE BUILDING • 6,894 SF
      1040 Founders Blvd, Athens, GA 30606-6138
      View Details
    • Value Estimation
      $600,000
      4,675 SF

      8081 Macon Hwy

      OFFICE BUILDING • 4,675 SF
      8081 Macon Hwy, Athens, GA 30606-5388
      View Details
    • Value Estimation
      $525,000
      2,880 SF

      8800 Macon Hwy

      OFFICE BUILDING • 2,880 SF
      8800 Macon Hwy, Athens, GA 30606-5200
      View Details

    Similar Nearby for Sale

    • $1,150,000
      7,078 SF

      Office Building in Athens, Georgia

      Office building in a vibrant college town with easy access.
      160 Hawthorne Park, Athens, GA 30606
      View Details
    • New
      $1,350,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • Contact for pricing

      Renovated Office/Retail Suite Available

      Renovated office/retail suite near 10 loop with parking.
      8771 Macon Hwy, Athens, GA 30606
      View Details
    • Contact for pricing

      Commercial Flex Space Near Five Points

      3,600 sq ft flex space near Athens and Watkinsville.
      8801 Macon Hwy, Athens, GA 30606
      View Details
    • Contact for pricing

      Office Space with Built-In Cubicles

      Office space perfect for flex work, coworking, or call center.
      8771 Macon Hwy #Suite, Athens, GA 30606
      View Details
    • $889,000
      3,800 SF

      Medical Office Space in Athens

      Flexible medical office space in established Bishop Professional Park.
      700 Sunset Dr, Athens, GA 30606
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,000 SF

      Office Space in Athens, GA

      Office space for rent in a vibrant Athens location.
      1684 Prince Ave, Athens, GA 30606
      View Details
    • New
      $1,800 /Mo
      5,040 SF

      Office Space in Park Place

      1260 Sqft office space in a great location!
      3720 Atlanta Hwy, Athens, GA 30606
      View Details
    • $1,100 /Mo
      1,140 SF

      Spacious Office Suite For Rent

      1,140 SF office suite with flexible layout in Athens.
      485 Huntington Rd, Athens, GA 30606
      View Details
    • $900,000
      7,300 SF

      Renovated Office Space Available Now

      Newly renovated office spaces for lease in corporate campus setting.
      105 Westpark Dr, Athens, GA 30606
      View Details
    • New
      $1,114 /Mo
      1,515 SF

      Retail/Office Space in Athens, GA

      Commercial space suitable for retail, office, or service businesses.
      215 Tallassee - B Rd, Athens, GA 30606
      View Details
    • $10 SF/Yr
      135,907 SF

      Warehouse Space with Office

      5200 sq ft warehouse with office in Athens, GA
      8771 Macon Hwy Unit, Athens, GA 30606
      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.
    1281 Spartan Ln
    Athens, GA 30606-5321
    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!