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

    1304 Lafayette Pkwy Lagrange, GA 30241-2567

    • Office buildings
    • 700 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2024
    $192,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1279862
    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

    • Porches ETC / Building Supply / Hardware & Home Improvement
    • Porches Etc LLC / Construction Company / General Contractor

    Property Details for 1304 Lafayette Pkwy

    Year built
    2000
    Lot size
    0.39 lot acres
    Property size
    700 SF
    Zone code
    01-GC
    Property type
    Office buildings
    APN
    0504A005031
    APU
    0504A005031

    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
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -84.9959
    Latitude
    33.041
    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
    $2,441
    $70,200
    $19,320
    $89,520
    -
    $175,500
    $48,300
    $223,800

    Comparable in this City

    • Value Estimation by Request
      624 SF

      1084 Stewart Rd

      OFFICE BUILDING • 624 SF
      1084 Stewart Rd, Lagrange, GA 30241-8300
      View Details
    • Value Estimation
      $4,150,000
      17,538 SF

      1400 Davis Rd

      OFFICE BUILDING • 17,538 SF
      1400 Davis Rd, Lagrange, GA 30241-6112
      View Details
    • Value Estimation by Request
      768 SF

      3600 Hogansville Rd

      OFFICE BUILDING • 768 SF
      3600 Hogansville Rd, Lagrange, GA 30241-5230
      View Details
    • Value Estimation by Request
      2,612 SF

      1300 Hogansville Rd

      OFFICE BUILDING • 2,612 SF
      1300 Hogansville Rd, Lagrange, GA 30241-1420
      View Details
    • Value Estimation
      $1,370,000
      3,075 SF

      2259 Greenville Rd

      OFFICE BUILDING • 3,075 SF
      2259 Greenville Rd, Lagrange, GA 30241-7890
      View Details
    • Value Estimation by Request
      2,000 SF

      1337 Uppr Big Spgs Rd

      OFFICE BUILDING • 2,000 SF
      1337 Uppr Big Spgs Rd, Lagrange, GA 30241-9729
      View Details

    Similar Nearby for Sale

    • $779,000
      8,500 SF

      LaGrange Warehouse/Office Flex Space

      8,500 SF warehouse/office space on 2.54 acres.
      107 Corporate Park Dr E, Lagrange, GA 30241
      View Details
    • $264,900
      7,200 SF

      Versatile Commercial Property on Large Lot

      7,200 sq ft commercial building on 0.88 acres.
      2747 Hamilton Rd, Lagrange, GA 30241
      View Details
    • $1,350,000
      3,557 SF

      Lagrange Office Investment Opportunity

      3,557± SF office space near future shopping center.
      1505 Lafayette Pkwy, Lagrange, GA 30241
      View Details
    • $159,500
      3,630 SF

      Multi-Use Commercial Building For Sale

      Commercial building with office, warehouse, loading dock, and storage.
      2814 Hamilton Rd, Lagrange, GA 30241
      View Details
    • $779,000
      8,500 SF

      LaGrange Warehouse/Office on 2.54 Acres

      8,500 SF warehouse/office space on 2.54 acres in LaGrange.
      107 Corporate Park Dr E, Lagrange, GA 30241
      View Details
    • $450,000

      Prime Corner Lot Opportunity

      High-visibility corner lot in a thriving retail hub.
      1250 Lafayette Pkwy, Lagrange, GA 30241
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      LaGrange Industrial Building For Lease

      53,700 SF industrial building with office space in LaGrange, GA.
      210 Lukken Industrial Dr E, Lagrange, GA 30241
      View Details
    • $6 SF/Yr

      LaGrange Industrial Building For Lease

      53,700 SF industrial building with office space available for lease.
      210 Lukken Industrial Dr E, Lagrange, GA 30241
      View Details
    • Contact for pricing
      76,594 SF

      LaGrange Marketplace Retail Space

      Prime LaGrange retail space available.
      900 Hogansville Rd, LaGrange, GA 30241
      View Details
    • Contact for pricing

      Multi-Tenant Building with I-85 Access

      Multi-tenant building with easy access to I-85.
      109 Corporate Park East Dr, Lagrange, GA 30241
      View Details
    • Contact for pricing
      76,030 SF

      LaGrange Retail Space: Prime Location

      76,030 SF Retail Center, 12,000 SF Available
      209 Commerce Ave, LaGrange, GA 30241
      View Details
    • Contact for pricing
      285,737 SF

      Lagrange Mall Retail Spaces Available

      Prime LaGrange retail space, multiple units.
      1501 Lafayette Pkwy, LaGrange, GA 30241
      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.
    1304 Lafayette Pkwy
    Lagrange, GA 30241-2567
    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!