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    13220 E Oglethorpe Hwy Midway, GA 31320
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    13220 E Oglethorpe Hwy, Midway, GA 31320

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    • Commercial real estate
    • 2.00 lot acres
    For Sale
    $215,000
    View Listing →
    Commercial Land in Midway, Georgia For Sale
    $215,000
    2.00 Acres

    Commercial Land in Midway, Georgia

    Commercial property zoned interstate corridor near I-95 exit.

    13220 E Oglethorpe Highway, Midway, GA 31320
    View Listing
    Property ID
    US22-2507358
    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

    • Commercial real estate

    Property Details for 13220 E Oglethorpe Hwy

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    264006

    Description

    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Midway, Georgia. Located at 13220 E Oglethorpe Hwy, this property is zoned IC, offering considerable flexibility for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for customization to suit diverse business needs. Its strategic location ensures convenient access to major roadways, enhancing visibility and accessibility for potential businesses. The property's address is 13220 E Oglethorpe Hwy, Midway, GA 31320, with the APN listed as 264006. The asking price for this prime commercial land is $215,000. The surrounding area offers a blend of natural beauty and commercial potential, making this a highly attractive investment in a thriving community. This property is ideal for entrepreneurs and investors seeking a versatile location with significant development potential in a desirable Georgia setting. The ample space and strategic location combine to create an exceptional opportunity for building a successful commercial enterprise. Don't miss this chance to acquire a valuable asset in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Midway
    County
    Liberty
    State
    Georgia
    Longitude
    -81.3887432
    Latitude
    31.7845662

    Comparable in this City

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      Approved Residential Subdivision Development Opportunity

      46.81-acre property approved for 36 single-family residential lots.
      580 Old Gress Island Rd, Midway, GA 31320
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    • $174,900
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      Prime Commercial Lot in Midway

      1.56-acre commercial lot at high-traffic intersection in Midway, GA.
      S Coastal Hwy, Midway, GA 31320
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      Land in Historic Midway Area

      Land with space, privacy, and convenience in Liberty County.
      909 Holmestown Loop Rd, Midway, GA 31320
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      0.09 Acres

      Residential Lot in Woodland Lakes

      Residential lot with amenities in Midway, Georgia.
      Walnut Ln, Midway, GA 31320
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    • $120,000
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      Midway, GA Land For Sale

      1.54 acres of R8-zoned land with road frontage.
      E Oglethorpe Hwy, Midway, GA 31320
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    • $80,000
      0.47 Acres

      Coastal Land Parcel in Midway

      Vacant lot for a coastal retreat or investment property.
      Plantation Rd, Midway, GA 31320
      View Details

    Similar Nearby for Sale

    • $1,988,000
      42.87 Acres

      Approved Residential Subdivision Development Opportunity

      46.81-acre property approved for 36 single-family residential lots.
      580 Old Gress Island Rd, Midway, GA 31320
      View Details
    • $174,900
      1.56 Acres

      Prime Commercial Lot in Midway

      1.56-acre commercial lot at high-traffic intersection in Midway, GA.
      S Coastal Hwy, Midway, GA 31320
      View Details
    • Contact for pricing

      Land in Historic Midway Area

      Land with space, privacy, and convenience in Liberty County.
      909 Holmestown Loop Rd, Midway, GA 31320
      View Details
    • Contact for pricing
      0.09 Acres

      Residential Lot in Woodland Lakes

      Residential lot with amenities in Midway, Georgia.
      Walnut Ln, Midway, GA 31320
      View Details
    • $120,000
      1.54 Acres

      Midway, GA Land For Sale

      1.54 acres of R8-zoned land with road frontage.
      E Oglethorpe Hwy, Midway, GA 31320
      View Details
    • $80,000
      0.47 Acres

      Coastal Land Parcel in Midway

      Vacant lot for a coastal retreat or investment property.
      Plantation Rd, Midway, GA 31320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Midway Warehouse Space Available

      15,000 square foot warehouse space for lease in Midway, GA.
      528 Sunbury Rd, Midway, GA 31320
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    • Sponsored
      Contact for pricing

      334 Isaac Stevens Rd

      3 acres of C-3 (Highway Commercial) land that includes 1800 sq ft in newly remodeled building
      334 Isaac Stevens Rd, Midway, GA 31320
      View Details
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    Midway, GA 31320
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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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