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    Property profile & analytics

    1821 Mars Hill Rd Watkinsville, GA 30677

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1561167
    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 1821 Mars Hill Rd

    Property type
    Commercial real estate

    Description

    This exceptional 1.48-acre agricultural property in Oconee County, Georgia, presents a remarkable investment opportunity. Located at 1821 Mars Hill Road, Watkinsville, GA 30677, this flat, buildable land boasts a highly desirable location just off a major road, ensuring excellent visibility and accessibility. The property's versatility allows for potential rezoning to accommodate either residential or commercial development, catering to a wide range of uses. Its strategic position provides convenient access to key highways, facilitating effortless commutes to nearby amenities, shopping centers, dining establishments, and highly-rated schools. Oconee County's reputation for robust growth and increasing property values further underscores the significant potential of this land. The property's size and location make it an attractive prospect for investors, developers, and individuals seeking to establish a presence in a thriving community. This is a rare chance to acquire a valuable asset in a rapidly developing area of Georgia. The asking price for this exceptional property is $225,000.

    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
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.457063667862
    Latitude
    33.889238677283

    Comparable in this City

    • $2,600,000
      99.80 Acres

      Riverfront Oconee County Land

      99.8 Acres, Two Cabins, Riverfront
      1520 Marshall-Wilkes Rd, Watkinsville, GA 30677
      View Details
    • $635,000
      2,798 SF

      Watkinsville Home with Vast Pasture

      Idyllic property near downtown Watkinsville with a spacious house and pasture.
      2750 Colham Ferry Rd, Watkinsville, GA 30677
      View Details
    • $2,600,000

      Oconee County Riverside Oasis

      Nearly 100-acre riverside property with cabins, pond, and river frontage.
      1520 Marshall Wilkes Rd, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

      3.1 acres ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

      3.1 acres with barn ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $269,000

      Wooded Lot in Bridlegate

      4.45 acre wooded lot in Bridlegate neighborhood.
      1040 Bridlegate Dr, Watkinsville, GA 30677
      View Details

    Similar Nearby for Sale

    • $2,600,000
      99.80 Acres

      Riverfront Oconee County Land

      99.8 Acres, Two Cabins, Riverfront
      1520 Marshall-Wilkes Rd, Watkinsville, GA 30677
      View Details
    • $635,000
      2,798 SF

      Watkinsville Home with Vast Pasture

      Idyllic property near downtown Watkinsville with a spacious house and pasture.
      2750 Colham Ferry Rd, Watkinsville, GA 30677
      View Details
    • $2,600,000

      Oconee County Riverside Oasis

      Nearly 100-acre riverside property with cabins, pond, and river frontage.
      1520 Marshall Wilkes Rd, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

      3.1 acres ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

      3.1 acres with barn ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $650,000
      3.78 Acres

      Watkinsville Riverfront Lot For Sale

      3.78-acre riverfront lot in The Legends at Oconee River.
      1682 River Bank Ln, Watkinsville, GA 30677
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,804 SF

      Watkinsville Commercial Land and Building

      4+ acres with commercial zoning, house, and shop.
      2260 Mars Hill Rd, Watkinsville, GA 30677
      View Details
    • $3,200 /Mo
      3,400 SF

      Watkinsville Warehouse/Flex Space Available

      Warehouse/flex space in Watkinsville, GA with showroom and loft.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      1,525 SF

      Watkinsville Retail or Office Space

      Prime leasing opportunity with ample parking and high visibility.
      1021 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • $23 SF/Yr
      14,480 SF

      Wire Park Office Suites

      Modern Offices, Watkinsville, GA
      1725 Electric Ave, Watkinsville, GA 30677
      View Details
    • $12 SF/Yr
      27,000 SF

      Silo Park: Watkinsville Flex Space

      Modern Flex Space, 3,000-10,500 SF
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • $24 SF/Yr
      2,601 SF

      Watkinsville Office Space Available

      Modern 2,601 sq ft office suite.
      1971 Hog Mountain Rd, Watkinsville, GA 30677
      View Details
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    Watkinsville, GA 30677
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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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