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

    1518 Hwy 3rd N Hampton, GA 30228-2060

    • Retail space
    • 950 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    5.5%
    Retail space
    Location Intelligence
    Property ID
    US22-0570045
    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

    • Retail space

    Property Details for 1518 Hwy 3rd N

    Year built
    1979
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    950 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    020-01067000
    APU
    2001067000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $225,000
      6.5%
      $205,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $200,000
      Market price range: $84.8k - $295k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $190,000
      Current use
      OFFICE BUILDING
      $225,000
      Change: +18% Conversion: Easy
      AUTO REPAIR, GARAGE
      $195,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $155,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Henry
    State
    Georgia
    Longitude
    -84.2909
    Latitude
    33.4038
    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
    2024
    $1,618
    $21,800
    $16,920
    $38,720
    -
    $54,500
    $42,300
    $96,800

    Comparable in this City

    • Value Estimation
      $220,000
      2,161 SF

      1949 Uppr Woolsey Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,161 SF
      1949 Uppr Woolsey Rd, Hampton, GA 30228-3634
      View Details
    • Value Estimation
      $345,000
      6,840 SF

      11360 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,840 SF
      11360 Tara Blvd, Hampton, GA 30228-6229
      View Details
    • Value Estimation
      $1,860,000
      7,372 SF

      11531 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,372 SF
      11531 Tara Blvd, Hampton, GA 30228-1688
      View Details
    • Value Estimation
      $1,985,000
      11,562 SF

      11265 Tara Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,562 SF
      11265 Tara Blvd, Hampton, GA 30228-1666
      View Details
    • Value Estimation
      $1,055,000
      7,816 SF

      93 Woolsey Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,816 SF
      93 Woolsey Rd, Hampton, GA 30228-2922
      View Details
    • Value Estimation
      $215,000
      792 SF

      11661 Hastings Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 792 SF
      11661 Hastings Brg Rd, Hampton, GA 30228
      View Details

    Similar Nearby for Sale

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      Freestanding Retail Building on Corner

      Retail building with drive-through on corner lot, great visibility.
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    • Contact for pricing
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    • New
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      High-visibility corner lot retail building.
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    • $1,800,000
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      Prime Hampton Land - 22 Acres

      Residential land, sewer access, R4 zoning.
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    • $250,000
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      Prime Hampton Commercial Land

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      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      7,200 SF

      Retail Space Near Atlanta Speedway

      Retail space in Hampton, GA, near Atlanta Motor Speedway.
      700 Manassas St Unit, Hampton, GA 30228
      View Details
    • $1,795 /Mo
      1,268 SF

      Renovated Downtown Hampton Commercial Space

      Renovated commercial space in downtown Hampton, suitable for various businesses.
      38 E Main St, Hampton, GA 30228
      View Details
    • Contact for pricing
      47,008 SF

      Hampton Retail Center Investment Opportunity

      2,400 SF Available in Thriving Location
      11331 Tara Blvd, Hampton, GA 30228
      View Details
    • Contact for pricing
      28,028 SF

      Shopper's World Retail Center

      Hampton, GA Strip Mall - High Traffic
      1985 Mcdonough Rd, Hampton, GA 30228
      View Details
    • Contact for pricing
      7,200 SF

      Hampton Warehouse - 7,200 SF

      New industrial warehouse for lease in Hampton, GA.
      570 Steele Dr, Hampton, GA 30228
      View Details
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    1518 Hwy 3rd N
    Hampton, GA 30228-2060
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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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