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    1664 Sharon Rd Washington, GA 30673
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    Property profile & analytics

    1664 Sharon Rd, Washington, GA 30673

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    • Office buildings
    • 77,728 SF
    • 36.09 lot acres
    For Sale
    $2,899,999
    View Listing →
    Industrial For Sale
    $2,899,999
    86,600 SF

    Industrial

    Manufacturing properties · 86,600 SF

    1664 Sharon Rd, Washington, GA 30673
    View Listing
    Property ID
    US22-3319644
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AFG USA / Factory / Production Facility

    Property Details for 1664 Sharon Rd

    Year built
    1972
    Lot size
    36.09 lot acres
    Zone code
    3
    Property type
    Office buildings
    APN
    064- -001-01
    APU
    6400101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 27, 2020 $800,000 Downtown Augusta Living LLC Madanjit Oberoi Warranty Deed —

    Description

    This exceptional 86,600-square-foot warehouse, situated on a sprawling 36.09-acre lot in Washington, Georgia, presents a compelling investment opportunity. The single-story, 19072-built structure boasts sturdy masonry walls and a steel frame, offering significant versatility for various industrial uses, including manufacturing or logistics. The property includes 81,400 square feet of manufacturing space and 5,200 square feet of office space, complemented by 13 loading docks and 19 dock-high doors. The 23-foot ceiling height accommodates diverse operational needs. Ample power is available through Georgia Power, with options for users requiring over 900KW to bid for the lowest rates from three area providers. Washington, GA's membership in MEAG (Municipal Electric Authority of Georgia) ensures abundant utility access. Two operational heavy-lift cranes enhance operational efficiency. The property features 100 parking spaces, with substantial land for future expansion of both the building and parking areas. The roof was replaced around 2012, and the building has a sprinkler system. Lighting is a mix of LED and incandescent. The property's strategic location near major transportation corridors, including Interstate 20 and Interstate 85, and the proximity to Highway 17 (currently undergoing a four-lane expansion), provides exceptional connectivity. Future rail access and the potential for a private rail spur further enhance logistical advantages. The asking price is $2,899,999, with a lease rate of $3.10 per square foot NNN. The property is zoned for industrial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Wilkes
    State
    Georgia
    Longitude
    -82.7491
    Latitude
    33.7036

    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
    $18,059
    $82,426
    $551,980
    $634,406
    -
    $206,065
    $1,379,951
    $1,586,016

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      2,721 SF

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      86,600 SF

      1664 Sharon Rd, Washington, GA 30673

      Manufacturing properties
      1664 Sharon Rd, Washington, GA 30673
      View Details
    • Contact for pricing
      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes, near Highway 78.
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      1.00 Acre

      Residential Lot in Wilkes County

      One-acre residential lot suitable for manufactured homes near Highway 78.
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    • $2,750,000

      Land Available For Sale

      Land available for sale in Washington, Georgia.
      1001 N Bypass, Washington, GA 30673
      View Details
    View Listing
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    1664 Sharon Rd
    Washington, GA 30673
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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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