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    Property profile & analytics

    1985 Mcdonough Rd Hampton, GA 30228

    • Strip malls
    • 28,554 SF
    • 8.13 lot acres
    For Lease
    View listing
    Last Sale
    Nov 21, 2023
    $4,150,000
    Value Estimations
    $4,820,000
    Cap Rate Potential
    9.7%
    Strip malls
    Location Intelligence
    Property ID
    US22-0638746
    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

    • Goodwill Donation Center / Donations Center / Non-Profit Organization
    • G G Fish&Chicken / Restaurant
    • Boston Fish Supreme / Restaurant
    • T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store
    • Travel / Parking Garage

    Property Details for 1985 Mcdonough Rd

    Year built
    2007
    Lot size
    8.13 lot acres
    Property size
    28,554 SF
    Zone code
    C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06-131D- A-006
    APU
    06131DA006

    Description

    This exceptional 28,028 square foot retail strip center, located at 1985 McDonough Rd in Hampton, Georgia (zip code 30228), presents a prime investment opportunity. Classified as a Class B property, the center boasts 16 suites, with 9,000 square feet currently available for lease. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 4,200 square feet, offering flexibility for various retail businesses. The property underwent renovations in 2007 and features ample parking with 100 spaces to accommodate customers and employees. Situated in the thriving Lovejoy submarket of Clayton County, this center benefits from its strategic location within the Hampton/Lovejoy commercial corridor, experiencing significant growth. Its proximity to major retailers such as Walmart Supercenter, Aldi, and Home Depot, as well as the Atlanta Motor Speedway, ensures high visibility and substantial foot traffic. This location is also surrounded by growing residential and commercial developments, promising continued success for tenants. The property's strong location and available space make it an ideal investment for businesses seeking high-traffic exposure in a rapidly expanding market. The address is easily accessible from McDonough Road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,740,000
      ML approach
      $4,580,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,650,000
      6.5%
      $7,060,000
      7%
      $6,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,208,000
      Market price range: $2.23M - $5.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Clayton
    State
    Georgia
    Longitude
    -84.3264
    Latitude
    33.4468
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    2024
    $41,771
    $425,200
    $645,520
    $1,070,720
    -
    $1,063,000
    $1,613,800
    $2,676,800

    Comparable in this City

    • Value Estimation
      $210,000
      4,000 SF

      1062 Bear Crk Blvd

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      1062 Bear Crk Blvd, Hampton, GA 30228-1815
      View Details
    • Value Estimation
      $205,000
      5,459 SF

      2050 Lovejoy Rd

      SHOPPING CENTER, STRIP CENTER • 5,459 SF
      2050 Lovejoy Rd, Hampton, GA 30228-4018
      View Details
    • Value Estimation
      $1,375,000
      11,608 SF

      11334 Tara Blvd

      SHOPPING CENTER, STRIP CENTER • 11,608 SF
      11334 Tara Blvd, Hampton, GA 30228-6229
      View Details
    • Value Estimation
      $2,595,000
      39,681 SF

      92 Woolsey Rd, Unit 114

      SHOPPING CENTER, STRIP CENTER • 39,681 SF
      92 Woolsey Rd, Hampton, GA 30228-2921
      View Details
    • Value Estimation
      $10,030,000
      47,057 SF

      11331 Tara Blvd

      SHOPPING CENTER, STRIP CENTER • 47,057 SF
      11331 Tara Blvd, Hampton, GA 30228-6261
      View Details
    • Value Estimation
      $760,000
      3,306 SF

      11345 Tara Blvd

      SHOPPING CENTER, STRIP CENTER • 3,306 SF
      11345 Tara Blvd, Hampton, GA 30228-6489
      View Details

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      Prime Hampton County Land

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      65 Acres Hwy 81 Commercial Land

      Prime Henry County, GA development opportunity.
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    Similar Nearby for Lease

    • Contact for pricing
      47,008 SF

      Hampton Retail Center Investment Opportunity

      2,400 SF Available in Thriving Location
      11331 Tara Blvd, Hampton, GA 30228
      View Details
    • Contact for pricing
      28,028 SF

      Shopper's World Retail Center

      Hampton, GA Strip Mall - High Traffic
      1985 Mcdonough Rd, Hampton, GA 30228
      View Details
    • $1,800 /Mo
      7,200 SF

      Retail Space Near Atlanta Speedway

      Retail space in Hampton, GA, near Atlanta Motor Speedway.
      700 Manassas St Unit, Hampton, GA 30228
      View Details
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      Renovated Downtown Hampton Commercial Space

      Renovated commercial space in downtown Hampton, suitable for various businesses.
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    • Contact for pricing
      7,200 SF

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      View Details
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    1985 Mcdonough Rd
    Hampton, GA 30228
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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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