Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Hancock Ave Athens, GA 30606-2980

    • Retail space
    • 3,330 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2021
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1672940
    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

    • Athens Backflow Certification / Contractor

    Property Details for 1500 Hancock Ave

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    3,330 SF
    Zone code
    C-G
    Property type
    Retail space
    APN
    12-2-D1 A-005
    APU
    122D1A005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $246,000
      Market price range: $118k - $846k

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3983
    Latitude
    33.953
    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
    $3,286
    $47,304
    $57,834
    $105,138
    -
    $118,260
    $144,586
    $262,846

    Comparable in this City

    • Value Estimation
      $250,000
      1,622 SF

      3701 Atlanta Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,622 SF
      3701 Atlanta Hwy, Athens, GA 30606-0847
      View Details
    • Value Estimation
      $170,000
      5,552 SF

      1045 Baxter St

      RETAIL STORES (PERSONAL SERVICES) • 5,552 SF
      1045 Baxter St, Athens, GA 30606-3707
      View Details
    • Value Estimation
      $325,000
      4,074 SF

      1035 Baxter St

      RETAIL STORES (PERSONAL SERVICES) • 4,074 SF
      1035 Baxter St, Athens, GA 30606-6391
      View Details
    • Value Estimation
      $330,000
      3,598 SF

      2597 Atlanta Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,598 SF
      2597 Atlanta Hwy, Athens, GA 30606-6919
      View Details
    • Value Estimation
      $360,000
      10,736 SF

      3810 Atlanta Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,736 SF
      3810 Atlanta Hwy, Athens, GA 30606-0814
      View Details
    • Value Estimation
      $405,000
      17,500 SF

      4190 Atlanta Hwy

      RETAIL STORES (PERSONAL SERVICES) • 17,500 SF
      4190 Atlanta Hwy, Athens, GA 30606
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office/Retail Suite Available

      Renovated office/retail suite near 10 loop with parking.
      8771 Macon Hwy, Athens, GA 30606
      View Details
    • $1,600,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel in a high-traffic Athens location.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $1,600,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $1,600,000
      13,278 SF

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $1,500,000
      11,000 SF

      Free-Standing Retail Building on Atlanta Hwy

      11,000 SF retail building with high traffic exposure.
      4250 Atlanta Hwy, Athens, GA 30606
      View Details
    • $2,000,000
      11,000 SF

      Athens Retail Building - High Traffic

      Prime Retail Space, High Visibility, Ample Storage
      4250 Atlanta Hwy, Athens, GA 30606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space on Atlanta Highway

      Retail space available in high-traffic Athens corridor.
      3755 Atlanta Hwy, Athens, GA 30606
      View Details
    • $20 SF/Yr
      2,230 SF

      Retail Space on Broad Street

      Prime commercial space with ample parking and excellent visibility.
      2440 W Broad St, Athens, GA 30606
      View Details
    • $1,995 /Mo
      2,059 SF

      High-Visibility Commercial Space Available

      Prime commercial space suitable for various businesses in Athens, GA.
      215 Tallassee Rd, Athens, GA 30606
      View Details
    • $18 SF/Yr
      2,500 SF

      Athens Office Space for Lease

      Prime West Athens location, 2500 sq ft office
      100 Athens Town Blvd, Athens, GA 30606
      View Details
    • $12 SF/Yr
      17,426 SF

      Athens Retail Space For Lease

      Prime Athens location, multiple spaces available.
      400 Hawthorne Ave, Athens, GA 30606
      View Details
    • $29 SF/Yr
      34,464 SF

      Athens Office Complex - West Broad St.

      Multi-tenant office & retail space, ideal for diverse businesses.
      2500 Broad St, Athens, GA 30606
      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.
    1500 Hancock Ave
    Athens, GA 30606-2980
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.