Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    140 Mlk Sr Heritage Trl Stockbridge, GA 30281-3400
    Back to Search
    Property profile & analytics

    140 Mlk Sr Heritage Trl, Stockbridge, GA 30281-3400

    View on Map
    • Golf courses & driving ranges
    • 3,660 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US22-1220099
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Golf courses & driving ranges

    Property Details for 140 Mlk Sr Heritage Trl

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.41 lot acres
    Zone code
    C2
    Property type
    Golf courses & driving ranges
    APN
    S18-06013000
    APU
    S1806013000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Kenya Williamson — Deed Of Trust · related $154k · Countrywide Bank
    — — Floyd Altovise — Deed Of Trust · related $195k · Countrywide Mortgage Ventures
    — — Marian L Johnson — Deed Of Trust · related $254k · Countrywide Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $575,000
      Current use
      COMMERCIAL (GENERAL)
      $545,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockbridge
    County
    Henry
    State
    Georgia
    Longitude
    -84.2337
    Latitude
    33.546
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    2024
    $165
    $72,000
    $31,840
    $103,840
    -
    $180,000
    $79,600
    $259,600

    Comparable in this City

    • Value Estimation by Request
      644 SF

      910 Durham Way

      COUNTRY CLUB
      910 Durham Way, Stockbridge, GA 30281-7927
      View Details
    • Value Estimation by Request
      1,316 SF

      1930 Jodeco Rd

      COUNTRY CLUB
      1930 Jodeco Rd, Stockbridge, GA 30281-5118
      View Details
    • Value Estimation by Request
      1,955 SF

      1041 Jodeco Rd

      COUNTRY CLUB
      1041 Jodeco Rd, Stockbridge, GA 30281-4953
      View Details
    • Value Estimation by Request
      496 SF

      508 Country Clb Dr

      COUNTRY CLUB
      508 Country Clb Dr, Stockbridge, GA 30281
      View Details
    • Value Estimation by Request
      546 SF

      100 Saint Margrit Cir

      COUNTRY CLUB
      100 Saint Margrit Cir, Stockbridge, GA 30281-9099
      View Details
    • Value Estimation by Request
      1,590 SF

      1001 Gresham Dr

      COUNTRY CLUB
      1001 Gresham Dr, Stockbridge, GA 30281
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Turnkey Sports Bar and Nightclub

      Established sports bar, restaurant, and nightclub in Stockbridge, Georgia.
      5425 N Henry Blvd, Stockbridge, GA 30281
      View Details
    • Contact for pricing
      0.44 Acres

      Stockbridge Mixed-Use Commercial Space

      Prime Retail/Office Space, $1600/Month
      4460 Walt Stephens Rd, Stockbridge, GA 30281
      View Details
    • $1,955,000

      Hospitality Land Development Opportunity

      Prime land in Georgia ideal for hospitality development.
      7495 Davidson Pkwy South, Stockbridge, GA 30281
      View Details
    • Contact for pricing

      Undeveloped Commercial Land Available

      22.417 acres of commercial land in Stockbridge, Georgia.
      N Henry Blvd, Stockbridge, GA 30281
      View Details
    • $70,000
      0.74 Acres

      Stockbridge, GA Commercial Land

      Commercial land available in Stockbridge, GA.
      5708 N Henry Blvd, Stockbridge, GA 30281
      View Details
    • $290,000
      9.25 Acres

      Stockbridge, GA Land Parcel

      9.25 acre land parcel in Henry County, Georgia.
      Flippen Rd, Stockbridge, GA 30281
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Suite with Fitness Infrastructure

      Professionally built-out suite with fitness infrastructure in established retail center.
      438 Eagles Landing Pkwy, Stockbridge, GA 30281
      View Details
    • Contact for pricing

      Retail Space in Stockbridge Outparcel

      Retail space available in Stockbridge, GA, Kroger outparcel.
      1700 Hudson Bridge Rd, Stockbridge, GA 30281
      View Details
    • $3,000 /Mo

      Parking Lot For Lease

      Parking lot with 30 spaces and highway access.
      9900 Davidson Pkwy, Stockbridge, GA 30281
      View Details
    • Contact for pricing

      Prime Commercial Space Near Hospital

      2,000 SF move-in ready space near Piedmont Hospital.
      1060 Eagles Landing Pkwy, Stockbridge, GA 30281
      View Details
    • $3,150 /Mo

      Stockbridge Office Space Available

      Professional office space in Stockbridge's thriving commercial corridor.
      175 Country Club Dr, Stockbridge, GA 30281
      View Details
    • Contact for pricing
      41,641 SF

      Prime Stockbridge Retail Space

      41,641 SF Retail Building - Available Now
      0 Hudson Brg Rd & Flippen Rd, Stockbridge, GA 30281
      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.
    140 Mlk Sr Heritage Trl
    Stockbridge, GA 30281-3400
    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

    Thank You for Inquiry
    140 Mlk Sr Heritage Trl, Stockbridge, GA, 30281
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!