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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1942 Hwy 129th N Jefferson, GA 30549

    • Office buildings
    • 1,679 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2024
    $207,100
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2659854
    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

    • Office buildings

    Property Details for 1942 Hwy 129th N

    Year built
    1991
    Construction
    WOOD
    Lot size
    1.04 lot acres
    Property size
    1,679 SF
    Zone code
    1
    Property type
    Office buildings
    APN
    080 018E
    APU
    080018E

    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
    Jefferson
    County
    Jackson
    State
    Georgia
    Longitude
    -83.597
    Latitude
    34.1362
    CBSA code
    27600
    CBSA name
    JEFFERSON, GA MICROPOLITAN 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
    $2,156
    $27,160
    $48,864
    $76,024
    -
    $67,900
    $122,160
    $190,060

    Comparable in this City

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      1,456 SF

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      2,146 SF

      62 Washington St

      OFFICE BUILDING • 2,146 SF
      62 Washington St, Jefferson, GA 30549-1019
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      5,000 SF

      170 Fowler Dr

      OFFICE BUILDING • 5,000 SF
      170 Fowler Dr, Jefferson, GA 30549-2971
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      10,032 SF

      456 Athens St

      OFFICE BUILDING • 10,032 SF
      456 Athens St, Jefferson, GA 30549-1408
      View Details
    • Value Estimation by Request
      2,400 SF

      165 Depot St

      OFFICE BUILDING • 2,400 SF
      165 Depot St, Jefferson, GA 30549-1047
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    • Value Estimation by Request
      2,290 SF

      167 Lee St

      OFFICE BUILDING • 2,290 SF
      167 Lee St, Jefferson, GA 30549-1347
      View Details

    Similar Nearby for Sale

    • $470,000
      Pending

      Downtown Jefferson Office Space For Sale

      Prime commercial location in downtown Jefferson with ample office space.
      62 Lee St, Jefferson, GA 30549
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    • $750,000
      10,032 SF

      Jefferson Executive Office Building

      10,032 SF, 100% Occupied, $750,000
      456 Athens St, Jefferson, GA 30549
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    • $750,000
      3.85 Acres

      Jefferson Commercial Land - 3.85 Acres

      Prime Commercial Land, High Growth Area, $750,000
      0 Memorial Dr, Jefferson, GA 30549
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    • $350,000
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      Jefferson Commercial Property Investment

      High-potential Jefferson commercial lot.
      1164 Washington St, Jefferson, GA 30549
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    • Contact for pricing
      27.02 Acres

      Jefferson, GA Land - 27 Acres

      Prime 27-acre residential development tract.
      0 Old Pendergrass Rd, Jefferson, GA 30549
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    • $199,900
      8.06 Acres

      Jefferson, GA Land Opportunity

      8.06 acres of wooded land, ideal for building.
      Lavista Rd, Jefferson, GA 30549
      View Details

    Similar Nearby for Lease

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      14,400 SF

      Jefferson Warehouse with Flexible Use

      14,400 sq ft building suitable for industrial, commercial, retail.
      75 Storey St, Jefferson, GA 30549
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    • Contact for pricing
      5 SF

      5 Acres Commercial/Industrial Land

      5 acres of land for lease or build to suit.
      330 Horace Head Rd, Jefferson, GA 30549
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    • Contact for pricing

      Industrial Property in Jefferson, Georgia

      Industrial property available for sale, lease, or build-to-suit.
      1450 Dry Pond Rd, Jefferson, GA 30549
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      1,536 SF

      Jefferson Flea Market Retail Space

      High-traffic retail space, ideal location.
      5429 Us-129, Jefferson, GA 30549
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    • Contact for pricing
      731,254 SF

      85 At Hwy 129

      Distribution properties • 731,254 SF
      85 At Hwy 129, Jefferson, GA 30549
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    • Contact for pricing
      8,580 SF

      Jefferson Office/Warehouse with Renovation

      Single-tenant office/warehouse with renovation planned for May 2025.
      205 Apex Dr, Jefferson, GA 30549
      View Details
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    1942 Hwy 129th N
    Jefferson, GA 30549
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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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