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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1347 New Franklin Rd Lagrange, GA 30240-1211

    • Distribution centers
    • 2,480 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    5.2%
    Distribution centers
    Location Intelligence
    Property ID
    US22-0857415
    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

    • Distribution centers

    Property Details for 1347 New Franklin Rd

    Year built
    1978
    Lot size
    0.50 lot acres
    Property size
    2,480 SF
    Zone code
    01-GC
    Property type
    Distribution centers
    APN
    0624A000017
    APU
    0624A000017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $225,000
      6.5%
      $205,000
      7%
      $190,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $325,000
      RETAIL STORES
      $270,000
      COMMERCIAL (GENERAL)
      $220,000
      OFFICE BUILDING
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0285
    Latitude
    33.0761
    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
    $900
    $5,000
    $28,000
    $33,000
    -
    $12,500
    $70,000
    $82,500

    Comparable in this City

    • Value Estimation
      $280,000
      5,000 SF

      320 New Airport Rd

      DISTRIBUTION WAREHOUSE • 5,000 SF
      320 New Airport Rd, Lagrange, GA 30240-4056
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    • Value Estimation
      $405,000
      11,400 SF

      1700 Lukken Industrial W Dr

      DISTRIBUTION WAREHOUSE • 11,400 SF
      1700 Lukken Industrial W Dr, Lagrange, GA 30240-4018
      View Details
    • Value Estimation
      $370,000
      5,400 SF

      55 Mitchell Ave

      DISTRIBUTION WAREHOUSE • 5,400 SF
      55 Mitchell Ave, Lagrange, GA 30240-2200
      View Details
    • Value Estimation
      $455,000
      13,177 SF

      124 Gordon Commercial Dr

      DISTRIBUTION WAREHOUSE • 13,177 SF
      124 Gordon Commercial Dr, Lagrange, GA 30240-5740
      View Details
    • Value Estimation
      $315,000
      15,075 SF

      1201 Orch Hl Rd

      DISTRIBUTION WAREHOUSE • 15,075 SF
      1201 Orch Hl Rd, Lagrange, GA 30240-1409
      View Details
    • Value Estimation
      $345,000
      15,557 SF

      101 Pegasus Pkwy

      DISTRIBUTION WAREHOUSE • 15,557 SF
      101 Pegasus Pkwy, Lagrange, GA 30240-5824
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      983,024 SF

      LaGrange Industrial Park Development Site

      Class A industrial park with build-to-suit options near I-85.
      Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • $1,500,000
      3.98 Acres

      West Point Commercial Land - 3.98 Acres

      Prime West Point location, ideal for development.
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    • New
      $621,000
      6,000 SF

      LaGrange Commercial Opportunity with Warehouse

      Commercial property with office, retail, and warehouse space available.
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      View Details
    • $255,000

      Prime LaGrange Commercial Land

      2.55-Acre Lot near Airport & Hwy 29
      0 Pegasus Pkwy, LaGrange, GA 30240
      View Details
    • $895,000
      6.08 Acres

      LaGrange Commercial Property - Hwy 29

      6.08 Acres, Three Buildings, High Visibility
      2485 Point Rd, LaGrange, GA 30240
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    • Contact for pricing
      0.11 Acres

      Vacant Lot Near Downtown

      Vacant land suitable for building or development near downtown.
      113 Fendig St, Lagrange, GA 30240
      View Details

    Similar Nearby for Lease

    • $16,000 /Mo
      24,830 SF

      Lagrange Warehouse Space Available

      Warehouse space available for lease in Lagrange, Georgia.
      118 Gordon Commercial Dr, Lagrange, GA 30240
      View Details
    • Contact for pricing
      357,851 SF

      LaGrange Industrial Space for Lease

      Industrial space available for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • $3,250 /Mo
      6,000 SF

      Lagrange Warehouse with Office Space

      6,000 SF warehouse with 1,000 SF office space.
      128 Gordon Commercial Dr, Lagrange, GA 30240
      View Details
    • $6,500 /Mo
      10,000 SF

      Lagrange Industrial Warehouse For Lease

      Industrial warehouse or manufacturing building for lease in Lagrange.
      1504 Orchard Hill Rd, Lagrange, GA 30240
      View Details
    • $3,450 /Mo
      3,000 SF

      Updated Office Space in Lagrange

      Recently updated office building with parking and great visibility.
      308 S Lewis St, Lagrange, GA 30240
      View Details
    • $750 /Mo
      18,321 SF

      Historical Building in Downtown LaGrange

      Suites available in a historical building near the courthouse.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
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    1347 New Franklin Rd
    Lagrange, GA 30240-1211
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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.

    More about this property
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