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

    1506 Lafayette Pkwy Lagrange, GA 30241-2600

    • Turn key restaurants
    • 4,285 SF
    • 1.26 lot acres
    OFF-MARKET
    Last Sale
    Nov 10, 2020
    $1,400,000
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1953801
    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

    • Taco Bell / Restaurant / Take-out & Catering
    • TDS INSURANCE SERVICES AGENCY / Insurance Agency

    Property Details for 1506 Lafayette Pkwy

    Year built
    1981
    Lot size
    1.26 lot acres
    Property size
    4,285 SF
    Zone code
    16- CR-MX
    Property type
    Turn key restaurants
    APN
    0393 000045
    APU
    393000045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,600,000
      ML approach
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,416,000
      Market price range: $296k - $1.60M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -84.9804
    Latitude
    33.0417
    CBSA code
    29300
    CBSA name
    LAGRANGE, GA-AL MICROPOLITAN 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
    $18,751
    $289,200
    $398,320
    $687,520
    -
    $723,000
    $995,800
    $1,718,800

    Comparable in this City

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      $545,000
      4,800 SF

      25 Patillo Rd

      RESTAURANT • 4,800 SF
      25 Patillo Rd, Lagrange, GA 30241-7826
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    • Value Estimation by Request
      5,153 SF

      1014 Hogansville Rd

      RESTAURANT • 5,153 SF
      1014 Hogansville Rd, Lagrange, GA 30241-1402
      View Details
    • Value Estimation by Request
      1,640 SF

      1901 Hamilton Rd

      RESTAURANT • 1,640 SF
      1901 Hamilton Rd, Lagrange, GA 30241-6015
      View Details
    • Value Estimation by Request
      1,645 SF

      1540 Lafayette Pkwy

      RESTAURANT • 1,645 SF
      1540 Lafayette Pkwy, Lagrange, GA 30241-2566
      View Details
    • Value Estimation by Request
      2,116 SF

      108 Corporate Plz Dr

      RESTAURANT • 2,116 SF
      108 Corporate Plz Dr, Lagrange, GA 30241-2883
      View Details
    • Value Estimation
      $3,250,000
      1.09 Acres

      382 Davis Rd

      RESTAURANT • 1.09 Acres
      382 Davis Rd, Lagrange, GA 30241-2555
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      LaGrange Retail Space - 2932 SF

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    • $450,000

      Prime Corner Lot Opportunity

      High-visibility corner lot in a thriving retail hub.
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      2,932 SF

      Retail Property in LaGrange, GA

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      LaGrange Commercial Lots For Sale

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    • $895,000
      7,500 SF

      Established Commercial Building in Lagrange

      7,500 SF commercial building on 2-acre lot for sale.
      1201 Hogansville Rd, Lagrange, GA 30241
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    • $450,000
      0.90 Acres

      Prime Corner Lot in Lagrange

      High-visibility corner lot in a thriving retail hub with strong traffic.
      1250 Lafayette Pkwy, Lagrange, GA 30241
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    Similar Nearby for Lease

    • Contact for pricing
      285,737 SF

      Lagrange Mall Retail Spaces Available

      Prime LaGrange retail space, multiple units.
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      76,594 SF

      LaGrange Marketplace Retail Space

      Prime LaGrange retail space available.
      900 Hogansville Rd, LaGrange, GA 30241
      View Details
    • $17 SF/Yr
      42,699 SF

      Lafayette Parkway Retail Center

      High-traffic retail space, LaGrange, GA
      1300 Lafayette Pkwy, LaGrange, GA 30241
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    • Contact for pricing
      3,100 SF

      Retail Space in LaGrange Plaza

      Retail space available in Publix-anchored shopping center in LaGrange, GA.
      137-161 Commerce Ave, Lagrange, GA 30241
      View Details
    • Contact for pricing
      76,030 SF

      LaGrange Retail Space: Prime Location

      76,030 SF Retail Center, 12,000 SF Available
      209 Commerce Ave, LaGrange, GA 30241
      View Details
    • Contact for pricing
      90,000 SF

      New Warehouse Space Available

      Two 45,000 SF buildings for lease, completion Q4 2025.
      1921 Greenville Rd, Lagrange, GA 30241
      View Details

    Property Visit Statistics

    • Visits by month
      6.7k
    • Visitors by month
      4.6k
    • Avg Time on site
      15 min
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    Lagrange, GA 30241-2600
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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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