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    1485 Highway 138 SE Conyers, GA 30013
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    Property profile & analytics

    1485 Highway 138 SE, Conyers, GA 30013

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    • Strip malls
    • 83,552 SF
    • 6.09 lot acres
    For Lease
    $1,380,000
    View Listing →
    Retail Center with National Tenants For Lease
    $1,380,000

    Retail Center with National Tenants

    Retail center with national tenants and high visibility.

    1485 Hwy 138 SE, Conyers, GA 30013
    View Listing
    Property ID
    US22-1309908
    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
    $1,380,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Burlington / Clothing Store
    • Amazon Locker - Isio / Postal Service / Courier Service

    Property Details for 1485 Highway 138 SE

    Year built
    1978
    Lot size
    6.09 lot acres
    Zone code
    GVUV
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    075-0-01-0077
    APU
    750010077

    Description

    Conyers Crossing, located at 1485 Hwy 138 SE in Conyers, Georgia (zip code 30013), offers a prime retail opportunity in Rockdale County. This multi-tenant retail center boasts a total of 170,475 square feet and currently has one available space ranging from 1 to 83,552 square feet, providing flexibility for various business needs. The center enjoys exceptional visibility and prominent store frontage along Highway 138 SE, enhanced by five convenient ingress/egress points for easy access. Conyers Crossing benefits from a high traffic count, evidenced by a visit frequency of 3.12, attracting a loyal customer base. The center is anchored by a strong lineup of national and regional tenants including Burlington, Hobby Lobby, Rainbow, and Burger King, ensuring a vibrant and successful retail environment. This location provides excellent exposure to a diverse community, making it an ideal opportunity for businesses seeking high visibility and strong customer traffic in a well-established retail center. The property's strategic location and tenant mix create a compelling investment opportunity for businesses looking to establish or expand their presence in the thriving Conyers market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,110,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -84.0096
    Latitude
    33.6519
    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
    2023
    $85,760
    $1,018,640
    $516,880
    $1,535,520
    -
    $2,546,600
    $1,292,200
    $3,838,800

    Comparable in this City

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      2280 Salem SE Rd

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      9,600 SF

      1728 Hwy 138th SE

      SHOPPING CENTER, STRIP CENTER
      1728 Hwy 138th SE, Conyers, GA 30013-5759
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      7,000 SF

      1565 Hwy 138th SE

      SHOPPING CENTER, STRIP CENTER
      1565 Hwy 138th SE, Conyers, GA 30013-1241
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    • Value Estimation
      $1,550,000
      12,912 SF

      1370 Hwy 138th NE

      SHOPPING CENTER, STRIP CENTER
      1370 Hwy 138th NE, Conyers, GA 30013-1270
      View Details
    • Value Estimation
      $820,000
      14,100 SF

      1895 Hwy 20th SE

      SHOPPING CENTER, STRIP CENTER
      1895 Hwy 20th SE, Conyers, GA 30013-2069
      View Details

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      Commercial Property in Conyers, GA

      Commercial property for sale in Conyers, Rockdale County, Georgia.
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      Atlanta Area Development Opportunity

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    Similar Nearby for Lease

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      Retail Center in Conyers Corridor

      Multi-tenant retail center with high traffic and quality construction.
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      Retail Center with National Tenants

      Retail center with national tenants and high visibility.
      1485 Highway 138 SE, Conyers, GA 30013
      View Details
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      Conyers Retail Shopping Center Space

      118,916 SF shopping center in Conyers, Georgia.
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      Medical Retail Shopping Center Space

      18,000 SF shopping center in Conyers, Georgia.
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      New Retail Space with Drive-Through

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      Retail Space Near I-20

      Retail space in high-traffic area near I-20 in Conyers, GA.
      1745 Ga-138, Conyers, GA 30013
      View Details
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    Conyers, GA 30013
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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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    1485 Highway 138 SE, Conyers, GA, 30013
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