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    1370 Aiken Rd Bogart, GA 30622
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    1370 Aiken Rd Bogart, GA 30622

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    • Residential income homes
    Off-Market
    Property ID
    US22-1043503
    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

    • Residential income homes

    Property Details for 1370 Aiken Rd

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of four income-producing residential properties located in the thriving Athens and Bogart, Georgia areas. The portfolio comprises two single-family homes in Athens (located at 110 Flannigans Place and 325 Ansley Drive) and a duplex in Bogart (situated at 1370/1372 Aiken Road). All four units are currently 100% occupied with existing tenants, generating a substantial net operating income (NOI) of $56,883, resulting in a pro-forma cap rate of 6.89%. The properties boast recent renovations completed in 2024, ensuring modern appeal and minimizing immediate maintenance needs. Built between 1978 and 1981, these properties offer a blend of established character and updated amenities. The portfolio's strong occupancy and recent upgrades provide a stable foundation for immediate cash flow, with potential for future rent increases upon lease renewals or tenant turnover. This is an ideal investment for those seeking a diversified, high-yield rental portfolio in a desirable Georgia market. The asking price for this turnkey investment is $825,000. This portfolio offers a compelling opportunity to acquire a well-maintained, income-generating asset with significant upside potential. The properties are conveniently located in Oconee County, Georgia, with the Bogart property located at zip code 30622.

    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
    Bogart
    County
    Oconee
    State
    Georgia
    Longitude
    -83.5491137
    Latitude
    33.9434623

    Comparable in this City

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      2.74 Acre Corner Lot

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      Commercial Lot in Bogart, GA

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      Oconee County Corner Commercial Lot

      0.672-acre lot zoned OIP, ideal for office or institutional uses.
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    Similar Nearby for Sale

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      Land Parcel Near Highway Intersection

      Land parcel at a major intersection near upcoming development.
      6601 Hog Mtn Hwy - Hwy 53, Bogart, GA 30622
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      2.74 Acre Corner Lot

      2.74 acre lot at signalized intersection near many retailers.
      1180 Virgil Langford Rd, Bogart, GA 30622
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    • $299,000

      Commercial Land in Athens, GA

      1.83-acre commercial tract in Athens, GA, ready for development.
      178 Ben Burton Cir, Bogart, GA 30622
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      Office Unit in Coggins Park

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      Commercial Lot in Bogart, GA

      1.93 acre commercial lot in a growing area.
      250 Custom, Bogart, GA 30622
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      Oconee County Corner Commercial Lot

      0.672-acre lot zoned OIP, ideal for office or institutional uses.
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    Similar Nearby for Lease

    • $24 SF/Yr
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      New Construction Office Building

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      New Construction Office Building in Bogart

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      Turn-Key Office Suites in Bogart

      Flexible office spaces with modern amenities and convenient parking.
      182 Ben Burton Cir, Bogart, GA 30622
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    1370 Aiken Rd
    Bogart, GA 30622
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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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