Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    170 Milledge Ave Athens, GA 30601-3802

    • Motels
    • 21,126 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1570520
    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

    • Best Western Athens / Hotel & Motel

    Property Details for 170 Milledge Ave

    Year built
    1972
    Lot size
    1.26 lot acres
    Property size
    21,126 SF
    Zone code
    C-G
    Property type
    Motels
    APN
    17-1-A3 D-002
    APU
    171A3D002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,045,000
      MEDICAL BUILDING
      $1,810,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3878
    Latitude
    33.9558
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $92,154
    $262,080
    $2,999,935
    $3,262,015
    -
    $655,200
    $7,499,837
    $8,155,037

    Comparable in this City

    • Value Estimation
      $790,000
      13,434 SF

      898 Broad St

      MOTEL • 13,434 SF
      898 Broad St, Athens, GA 30601-2512
      View Details
    • Value Estimation
      $25,000,000
      13,224 SF

      295 Dougherty St

      MOTEL • 13,224 SF
      295 Dougherty St, Athens, GA 30601-2610
      View Details
    • Value Estimation
      $4,250,000
      83,755 SF

      500 College Ave

      HOTEL • 83,755 SF
      500 College Ave, Athens, GA 30601-2634
      View Details
    • Value Estimation
      $6,065,000
      125,888 SF

      412 Thomas St

      HOTEL • 125,888 SF
      412 Thomas St, Athens, GA 30601-2629
      View Details
    • Value Estimation
      $5,305,000
      108,922 SF

      390 Washington St

      HOTEL • 108,922 SF
      390 Washington St, Athens, GA 30601-2751
      View Details
    • Value Estimation
      $4,670,000
      95,561 SF

      750 Broad St

      HOTEL • 95,561 SF
      750 Broad St, Athens, GA 30601-2827
      View Details

    Similar Nearby for Sale

    • $255,000
      0.44 Acres

      Athens Multifamily Property For Sale

      Multifamily property in Athens, GA, coming soon to market.
      121/123 Ashmore Ct, Athens, GA 30601
      View Details
    • $1,200,000

      67.73 Acres with Lake Frontage

      Private wooded land near Athens and Commerce with lake frontage.
      Nowhere Ln, Athens, GA 30601
      View Details
    • $1,200,000
      8.47 Acres

      Athens Senior Housing Land

      8.47 Acres, Build-to-Rent Opportunity
      280 Harve Mathis Rd, Athens, GA 30601
      View Details
    • $2,700,000

      Unique Industrial Venue Opportunity

      Venue or industrial property for sale in Athens, Georgia.
      231 Collins Industrial Blvd, Athens, GA 30601
      View Details
    • $235,000
      0.57 Acres

      High-Visibility Investment Opportunity in Athens

      Versatile commercial property with redevelopment potential in a growing market.
      1515 Danielsville Rd, Athens, GA 30601
      View Details
    • $750,000
      1.95 Acres

      Commercial Land in Athens, GA

      High visibility commercial land at Harve Mathis and Hwy 29.
      540 Harve Mathis Rd, Athens, GA 30601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,210 SF

      Downtown Athens Office Space

      Office space for rent in downtown Athens' Prince Avenue Corridor.
      223 Prince Ave, Athens, GA 30601
      View Details
    • $1,100 /Mo

      Retail Kiosk in Student District

      200 SF kiosk in vibrant student-housing community for lease.
      175 Tracy St, Athens, GA 30601
      View Details
    • $40 SF/Yr
      4,439 SF

      Prime Downtown Athens Commercial Space

      4,439 SF space in high-traffic downtown Athens location.
      163 E Broad St, Athens, GA 30601
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      Retail space available for rent, 1500 square feet.
      650 Highway 29 N, Athens, GA 30601
      View Details
    • Contact for pricing
      4,000 SF

      Office Space Near Downtown Athens

      Office space for rent with ample parking and easy access.
      130 Ware St, Athens, GA 30601
      View Details
    • Contact for pricing
      5,000 SF

      Retail Pad Site For Lease

      5,000 SF retail pad site available for ground lease.
      700 Highway 29, Athens, GA 30601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    170 Milledge Ave
    Athens, GA 30601-3802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!