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

    1471 Jennings Ml Rd Watkinsville, GA 30677-7287

    • Day care centers
    • 13,520 SF
    • 4.80 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2022
    $3,895,000
    Value Estimations
    $3,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1181530
    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

    • AppleTree Prep Watkinsville / Daycare Center

    Property Details for 1471 Jennings Ml Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    4.80 lot acres
    Property size
    13,520 SF
    Zone code
    AG
    Property type
    Day care centers
    APN
    C-01-033-D
    APU
    C01033D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,850,000
      ML approach
      $3,240,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.4642
    Latitude
    33.9206
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    2023
    $27,533
    $475,200
    $808,164
    $1,283,364
    -
    $1,188,000
    $2,020,410
    $3,208,410

    Comparable in this City

    • Value Estimation by Request
      10,664 SF

      1941 Hog Mtn Rd

      DAY CARE, PRE-SCHOOL • 10,664 SF
      1941 Hog Mtn Rd, Watkinsville, GA 30677-1952
      View Details
    • Value Estimation by Request
      9,204 SF

      1890 Mars Hl Rd

      DAY CARE, PRE-SCHOOL • 9,204 SF
      1890 Mars Hl Rd, Watkinsville, GA 30677-4844
      View Details
    • Value Estimation by Request
      11,644 SF

      1420 Greensboro Hwy

      DAY CARE, PRE-SCHOOL • 11,644 SF
      1420 Greensboro Hwy, Watkinsville, GA 30677-2719
      View Details
    • Value Estimation
      $1,200,000
      8,960 SF

      3831 Mars Hl Rd

      DAY CARE, PRE-SCHOOL • 8,960 SF
      3831 Mars Hl Rd, Watkinsville, GA 30677-1570
      View Details
    • Value Estimation by Request
      13,076 SF

      7575 Macon Hwy

      DAY CARE, PRE-SCHOOL • 13,076 SF
      7575 Macon Hwy, Watkinsville, GA 30677-2010
      View Details
    • Value Estimation by Request
      3,000 SF

      7530 Macon Hwy

      VETERINARY, ANIMAL HOSPITAL • 3,000 SF
      7530 Macon Hwy, Watkinsville, GA 30677-2041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,400 SF

      Moreland Business Park: Watkinsville, GA

      New Flex Space: Oconee County, GA
      1052 Moreland Heights Rd, Watkinsville, GA 30677
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    • $4,750,000
      3.57 Acres

      Watkinsville Corner Commercial Land

      High-traffic corner lot, ready to develop.
      2461 Old Mars Hill Rd, Watkinsville, GA 30677
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    • $397,500

      Butlers Crossing Commercial Lot

      Prime Oconee County commercial land
      2083 Experiment Station Rd, Watkinsville, GA 30677
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    • $269,000

      Wooded Lot in Bridlegate

      4.45 acre wooded lot in Bridlegate neighborhood.
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    • $474,000
      1,770 SF

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      Polished patio home in gated Creekside community with expansive living.
      2232 Orchard Cir, Watkinsville, GA 30677
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    • $385,000
      3.11 Acres

      Watkinsville Land: Residential & Commercial Potential

      3.11 acres in Oconee County with versatile development potential.
      3240 Monroe Hwy, Watkinsville, GA 30677
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    Similar Nearby for Lease

    • $14 SF/Yr
      23,400 SF

      Moreland Business Park: Flex Space

      New Creative Office Suites, Oconee County
      1052 Moreland Heights Rd, Watkinsville, GA 30677
      View Details
    • $14 SF/Yr
      21,875 SF

      Greensboro Hwy Office Space

      Watkinsville Office Building, 21,875 SF
      1291 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • $3,250 /Mo
      3,600 SF

      Watkinsville Commercial Space For Rent

      Office and warehouse space available in Watkinsville, Georgia.
      1320 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      1,250 SF

      Medical Office Freestanding Building

      Medical office space with front door parking and highway access.
      1610 Mars Hill Rd, Watkinsville, GA 30677
      View Details
    • $25 SF/Yr
      1,572 SF

      Turn-Key Office Space at Wire Park

      Modern 1,572 SF office space in Watkinsville, GA for lease.
      1725 Electric Ave, Watkinsville, GA 30677
      View Details
    • $25 SF/Yr
      282 SF

      Watkinsville Office Space Available

      Office space available for rent in Watkinsville, Georgia.
      29 North Main St, Watkinsville, GA 30677
      View Details
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    1471 Jennings Ml Rd
    Watkinsville, GA 30677-7287
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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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