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    Property profile & analytics

    1553 Washington Rd Lexington, GA 30648

    • Commercial real estate
    • 521.93 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3127385
    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

    • Commercial real estate

    Property Details for 1553 Washington Rd

    Lot size
    521.93 lot acres
    Property type
    Commercial real estate
    APN
    134 002 & Portion of: 117 004

    Description

    This exceptional 521.93-acre property in Oglethorpe County, Georgia, presents a rare opportunity. Located just 35 minutes from Athens and Watkinsville, it boasts diverse features ideal for recreation and investment. The land includes a mix of pine and hardwood timber, notably a smaller stand of Longleaf pine. Abundant wildlife thrives thanks to two duck ponds and a large fishpond, perfect for fishing and waterfowl hunting. Extensive internal road networks, strategically placed food plots, and shooting lanes enhance hunting and ATV riding experiences. The property benefits from over 3,800 feet of road frontage on Highway 78, offering excellent accessibility and potential for future development. A substantial building adds significant value, comprising approximately 3,265 square feet of storage/workshop space and 1,735 square feet of finished living area. This living space includes three bedrooms and three bathrooms, providing comfortable accommodation. Whether seeking a private hunting retreat, recreational escape, or a sound land investment, this expansive tract offers exceptional potential. The property is shown strictly by appointment only. Asking price: $2,500,000. APN: 134 002 & Portion of: 117 004. Address: 1553 Washington Rd, Lexington, GA 30648.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Oglethorpe
    State
    Georgia
    Longitude
    -83.0424583
    Latitude
    33.8250629

    Comparable in this City

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      56-Acre Georgia Hunting Retreat

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    • $5,000,000
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    • $661,052
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      Secluded Land with Diverse Features

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    • $65,000
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    Similar Nearby for Sale

    • $625,000
      56.63 Acres

      56-Acre Georgia Hunting Retreat

      Prime Hunting, Timber, & Pastureland
      173 Comer Rd, Lexington, GA 30648
      View Details
    • $5,000,000
      88.03 Acres

      High-Income Broiler Farm on 88 Acres

      Profitable broiler farm with residence and mobile home near Athens.
      747 Washington Rd, Lexington, GA 30648
      View Details
    • $661,052
      94.43 Acres

      Secluded Land with Diverse Features

      94.43 acre tract with pasture, timber, and water features.
      592 Andrew Caldwell Rd, Lexington, GA 30648
      View Details
    • $65,000
      5.82 Acres

      5.82 Acres in Lexington, GA

      AR-zoned land ideal for building, farming, or private retreat.
      unit Tract 1 Taylor Rd, Lexington, GA 30648
      View Details
    • $144,000
      12.00 Acres

      Lexington, GA Land For Sale

      12 acres of land perfect for a dream home.
      3 Sandy Cross Rd, Lexington, GA 30648
      View Details
    • $144,000
      12.00 Acres

      12 Acres Land in Lexington

      12 acres perfect for a dream home or agriculture.
      3 Sandy Cross Rd, Lexington, GA 30648
      View Details
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    1553 Washington Rd
    Lexington, GA 30648
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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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