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 Oglethorpe Ave, Unit 600 Athens, GA 30606-2179

    • Commercial real estate
    • 18,120 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2021
    $5,275,000
    Value Estimations
    $4,195,000
    Show details
    Cap Rate Potential
    5.9%
    Commercial real estate
    Location Intelligence
    Property ID
    US22-1632345
    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

    • Thomas R. Mcdonald, DMD / Dental Office
    • Athens Adult & Pediatric Med / Dental Office
    • Athens 3D Imaging / Dental Office
    • Athena Medical Clinic and Sleep Medicine Associates of Athens: Deepak Das, MD FACP / Physician
    • Dr. Mohana Laasya Cherukuri / Physician

    Property Details for 1500 Oglethorpe Ave

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    0.11 lot acres
    Property size
    18,120 SF
    Zone code
    C-O
    Property type
    Commercial real estate
    APN
    11-3- -027-J
    APU
    113027J

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,655,000
      ML approach
      $2,960,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,590,000
      6.5%
      $3,310,000
      7%
      $3,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,091,000
      Market price range: $1.72M - $5.09M
      AI Estimate
      $3,812,000
      Market price range: $989k - $3.81M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,910,000
      Current use
      MEDICAL BUILDING
      $4,345,000
      Change: +49% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,340,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.4247
    Latitude
    33.9631
    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
    $53,044
    $192,000
    $1,505,398
    $1,697,398
    -
    $480,000
    $3,763,495
    $4,243,495

    Comparable in this City

    • Value Estimation by Request
      5.45 Acres

      1 Huntington Rd

      COMMERCIAL (GENERAL) • 5.45 Acres
      1 Huntington Rd, Athens, GA 30606-7204
      View Details
    • Value Estimation by Request
      16.09 Acres

      1001 Lk Welbrook Dr

      COMMERCIAL (GENERAL) • 16.09 Acres
      1001 Lk Welbrook Dr, Athens, GA 30606
      View Details
    • Value Estimation by Request
      5.21 Acres

      Daniells Brg Rd

      COMMERCIAL (GENERAL) • 5.21 Acres
      Daniells Brg Rd, Athens, GA 30606
      View Details
    • Value Estimation by Request
      81,792 SF

      125 Jennings Ml Pkwy

      COMMERCIAL (GENERAL) • 81,792 SF
      125 Jennings Ml Pkwy, Athens, GA 30606-7455
      View Details
    • Value Estimation by Request
      1,140 SF

      485 Huntington Rd Ste, Unit 202

      COMMERCIAL (GENERAL) • 1,140 SF
      485 Huntington Rd Ste, Athens, GA 30606-1845
      View Details
    • Value Estimation by Request
      1,316 SF

      1 Huntington Rd Ste, Unit 704

      COMMERCIAL (GENERAL) • 1,316 SF
      1 Huntington Rd Ste, Athens, GA 30606-7215
      View Details

    Similar Nearby for Sale

    • $815,000
      8.13 Acres

      Athens Oconee County Land - 8 Acres

      Prime Commercial/Agricultural Land, High Visibility
      2100 Daniells Bridge Rd, Athens, GA 30606
      View Details
    • $1,200,000
      7.98 Acres

      Atlanta Hwy Commercial Land

      7.98 Acres, High-Traffic Location
      3011 Atlanta Hwy, Athens, GA 30606
      View Details
    • $395,000
      3,272 SF

      Baxter Street Commercial Gem

      Athens Commercial Property, High Potential
      1044 Baxter St, Athens, GA 30606
      View Details
    • $525,000
      0.97 Acres

      Athens Hwy Commercial Land Investment

      High-visibility commercial lot, ideal location.
      4710 Atlanta Hwy, Athens, GA 30606
      View Details
    • $668,000
      3,425 SF

      Athens Commercial Corner Lot

      Prime Athens location, 3,425 sq ft, high visibility.
      895 Oglethorpe Ave, Athens, GA 30606
      View Details
    • Contact for pricing
      29.68 Acres

      Athens Commercial Land Tract

      29.68 Acres, Prime Location
      1901 Epps Bridge Pkwy, Athens, GA 30606
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,044 SF

      Athens Office Space: Prime Location

      1,044 sq ft renovated office, high visibility.
      1226 Broad St, Athens, GA 30606
      View Details
    • $900,000
      7,300 SF

      Renovated Office Space Available Now

      Newly renovated office spaces for lease in corporate campus setting.
      105 Westpark Dr, Athens, GA 30606
      View Details
    • Contact for pricing
      1,500 SF

      Office Space with Ample Parking

      Office space featuring separate offices, restrooms, and kitchen area.
      650 Oglethorpe Ave, Athens, GA 30606
      View Details
    • 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
    • $7 SF/Yr
      6,249 SF

      Athens Office Space for Lease

      Flexible Workspaces in Athens, GA
      2470 Daniells Bridge 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
    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 Oglethorpe Ave, Unit 600
    Athens, GA 30606-2179
    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.