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    160 Greencastle Rd Tyrone, GA 30290
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    Property profile & analytics

    160 Greencastle Rd Tyrone, GA 30290

    View on Map
    • Office buildings
    • 7,280 SF
    • 1.00 lot acres
    For Lease
    $1,085,000
    View Listing →
    Renovated Office Suite For Rent For Lease
    $1,085,000
    1,670 SF

    Renovated Office Suite For Rent

    Newly renovated 1,670 sq. ft. office suite for rent.

    160 Greencastle Rd Suite E, Tyrone, GA, USA, Tyrone, GA 30290
    View Listing
    Property ID
    US22-2015296
    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.
    Value Estimations
    $1,085,000
    Cap Rate Potential
    7.8%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • WD Gray And Associates / Land Surveyor
    • Anson Analytics / Corporate Office / Financial Advisor
    • Lacy & Snyder LLP / Law Firm

    Property Details for 160 Greencastle Rd

    Year built
    2005
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    7,280 SF
    Zone code
    C OI
    Property type
    Office buildings
    APN
    73611002
    APU
    73611002

    Description

    This exceptional 1,670 square foot office suite in Tyrone, GA, presents a fantastic opportunity for businesses seeking a modern and efficient workspace. Completely renovated in 2024, the single-tenant space boasts a flexible, open floor plan ideal for various professional uses. Durable luxury vinyl plank (LVP) flooring runs throughout, complemented by ample storage solutions. A full bathroom is conveniently located within the suite. The monthly rent includes all utilities, minimizing operational costs. The building, constructed in 2005, is zoned Office-Institutional (O-I), ensuring suitability for a wide range of professional tenants. Access is provided via the rear of the building, with options for both single and double door entry. Two brand-new wall units guarantee efficient heating and cooling throughout the year. This one-story building does not include elevators. This is a turnkey solution for businesses seeking a clean, adaptable, and conveniently located office space. The property is located at 160 Greencastle Road, Suite E, Tyrone, GA 30290.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,330,000
      ML approach
      $1,315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,151,000
      Market price range: $856k - $1.57M
      AI Estimate
      $784,000
      Market price range: $515k - $1.07M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,115,000
      Current use
      RETAIL STORES
      $1,780,000
      Change: +60% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,680,000
      Change: +51% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,340,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,295,000
      Change: +16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyrone
    County
    Fayette
    State
    Georgia
    Longitude
    -84.5914
    Latitude
    33.4516
    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
    2023
    $12,453
    $40,000
    $364,920
    $404,920
    -
    $100,000
    $912,300
    $1,012,300

    Comparable in this City

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      OFFICE BUILDING • 3,157 SF
      125 Commerce Dr, Tyrone, GA 30290-2034
      View Details
    • Value Estimation
      $1,275,000
      6,578 SF

      190 Greencastle Rd

      OFFICE BUILDING • 6,578 SF
      190 Greencastle Rd, Tyrone, GA 30290-2936
      View Details
    • Value Estimation by Request
      3,664 SF

      175 Handley Rd

      OFFICE BUILDING • 3,664 SF
      175 Handley Rd, Tyrone, GA 30290-2155
      View Details
    • Value Estimation by Request
      1,200 SF

      100 Peggy Ln

      OFFICE BUILDING • 1,200 SF
      100 Peggy Ln, Tyrone, GA 30290-1506
      View Details
    • Value Estimation
      $1,345,000
      11,148 SF

      1134 Senoia Rd

      OFFICE BUILDING • 11,148 SF
      1134 Senoia Rd, Tyrone, GA 30290-1622
      View Details

    Similar Nearby for Sale

    • $99,000
      Pending

      Commercial Investment Opportunity in Tyrone

      Commercial space in Tyrone's Business District, suitable for various businesses.
      822 Senoia Rd, Tyrone, GA 30290
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      0.50 Acres

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      Office space with kitchenette and bathroom available for lease.
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      6.53 Acres

      Commercial Land in Downtown Tyrone

      6.53 acres of C-1 commercial land with public sewer.
      962 Senoia Rd, Tyrone, GA 30290
      View Details
    • New
      $165,000
      1.00 Acre

      Residential Lot in Established Neighborhood

      Level, cleared residential lot in Tyrone, GA with county water.
      1.00 Briarwood Rd, Tyrone, GA 30290
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    • $163,000
      3.40 Acres

      Residential Land in Tyrone, GA

      3.4-acre wooded lot for custom home in Timberidge Subdivision.
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    • $499,000

      Land with Potential Commercial Building

      Land with existing building near Highway 74 in Tyrone, GA.
      944 Tyrone Rd, Tyrone, GA 30290
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Suite For Rent

      Newly renovated 1,670 sq. ft. office suite for rent.
      160 Greencastle Rd, Tyrone, GA 30290
      View Details
    • $4,350 /Mo
      3,150 SF

      Office/Retail Space in Tyrone, GA

      3,150 SF endcap space suitable for office or retail.
      602 Dogwood Trl, Tyrone, GA 30290
      View Details
    • Contact for pricing
      1,625 SF

      Fayetteville Loft Office Space

      1,625 SF loft office with easy highway access.
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    • Contact for pricing

      Industrial Property in Tyrone, Georgia

      Industrial property available for lease in Tyrone, Georgia.
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    View Listing
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    Tyrone, GA 30290
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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.

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    160 Greencastle Rd, Tyrone, GA, 30290
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