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    Property profile & analytics

    198 Old Hull Rd Athens, GA 30601-5568

    • Specialty properties
    • 3,052 SF
    • 15.59 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1036693
    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

    • North Grove Apartments / Apartment Complex
    • The iDREAMcompany / Marketing Agency / Photographer

    Property Details for 198 Old Hull Rd

    Year built
    2016
    Construction
    CONCRETE
    Lot size
    15.59 lot acres
    Property size
    3,052 SF
    Zone code
    C-G
    Property type
    Specialty properties
    APN
    16-4- -012
    APU
    164012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $354,000
      Market price range: $131k - $749k

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3605
    Latitude
    33.976
    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
    $81,250
    $374,112
    $2,225,888
    $2,600,000
    -
    $935,281
    $5,564,719
    $6,500,000

    Comparable in this City

    • Value Estimation
      $220,000
      0.22 Acres

      519 Peter St

      CHARITABLE ORGANIZATION • 0.22 Acres
      519 Peter St, Athens, GA 30601-3241
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    • Value Estimation
      $270,000
      14,800 SF

      532 Barber St

      CHARITABLE ORGANIZATION • 14,800 SF
      532 Barber St, Athens, GA 30601-2301
      View Details
    • Value Estimation
      $225,000
      600 SF

      324 Oak St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 600 SF
      324 Oak St, Athens, GA 30601-3619
      View Details
    • Value Estimation
      $225,000
      0.25 Acres

      695 Prince Ave

      CHARITABLE ORGANIZATION • 0.25 Acres
      695 Prince Ave, Athens, GA 30601
      View Details
    • Value Estimation
      $235,000
      0.34 Acres

      210 Freeman Dr

      CHARITABLE ORGANIZATION • 0.34 Acres
      210 Freeman Dr, Athens, GA 30601-1427
      View Details
    • Value Estimation by Request
      2,092 SF

      225 Oak St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,092 SF
      225 Oak St, Athens, GA 30601-3616
      View Details

    Similar Nearby for Sale

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      Unique Industrial Venue Opportunity

      Venue or industrial property for sale in Athens, Georgia.
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    • $1,250,000
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      Athens Commercial Land - High Growth Potential

      2.75 Acres, High Traffic, Development Ready
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      Prime Development Land in Athens

      7+ acre commercial land with development potential in Clarke County.
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      Industrial Lots in Athens Corridor

      Two industrial lots in Athens' thriving industrial corridor.
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      Income-Producing Duplex Near Downtown Athens

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    • $449,000
      8.68 Acres

      Clarke County. This includes 2 parcels at 530 & 550 Olympic Dr

      Zoned E-I which includes many Industrial and Commercial uses. Partially developed with water and sewer on the property. The main road frontage includes a level parcel almost an acre of use. The 7 acres can be accessed by the cul-de-sac
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,477 SF

      Mixed-Use Development Retail Opportunity

      Retail space available in a large mixed-use development.
      130 Hickory St, Athens, GA 30601
      View Details
    • Contact for pricing

      Land for Lease in Athens

      Land available for lease at 1045 Hull Rd, Athens, GA.
      1045 Hull Rd, Athens, GA 30601
      View Details
    • Contact for pricing
      4,439 SF

      Prime Downtown Athens Commercial Space

      4,439 SF space ideal for retail or office use.
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      4,000 SF

      Office Space Near Downtown Athens

      Office space for rent with ample parking and easy access.
      130 Ware St, Athens, GA 30601
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    • $5,833 /Mo
      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
    • 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
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    198 Old Hull Rd
    Athens, GA 30601-5568
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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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