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    Property profile & analytics

    2051 Experiment Sta Rd Watkinsville, GA 30677-5321

    • Grocery and convenience stores
    • 3,184 SF
    • 2.07 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0954264
    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

    • bp / Gas Station
    • Circle M / Grocery & Convenience Store
    • Domino's Pizza / Take-out & Catering
    • Bitcoin Depot - Bitcoin ATM / Atm / Crypto Atm
    • Clipper #26 / Grocery & Convenience Store

    Property Details for 2051 Experiment Sta Rd

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.07 lot acres
    Property size
    3,184 SF
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    B-06-005-D
    APU
    B06005D

    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
    -83.4392
    Latitude
    33.8721
    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
    $15,413
    $357,000
    $361,425
    $718,425
    -
    $892,500
    $903,562
    $1,796,062

    Comparable in this City

    • Value Estimation
      $3,415,000
      4,514 SF

      1240 Oconee Conn

      CONVENIENCE STORE (W/FUEL PUMP) • 4,514 SF
      1240 Oconee Conn, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      1.00 Acre

      7760 Macon Hwy

      Restaurants • 1.00 Acre
      7760 Macon Hwy, Watkinsville, GA 30677
      View Details
    • Value Estimation
      $2,030,000
      76,360 SF

      2061 Experiment Sta Rd

      GROCERY, SUPERMARKET • 76,360 SF
      2061 Experiment Sta Rd, Watkinsville, GA 30677-5328
      View Details
    • Value Estimation by Request
      2,800 SF

      1961 Hog Mtn Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,800 SF
      1961 Hog Mtn Rd, Watkinsville, GA 30677-1952
      View Details
    • Value Estimation by Request
      3,120 SF

      3351 Macon Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 3,120 SF
      3351 Macon Hwy, Watkinsville, GA 30677-3585
      View Details
    • Value Estimation
      $880,000
      4,500 SF

      42 Greensboro Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 4,500 SF
      42 Greensboro Hwy, Watkinsville, GA 30677-2514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Watkinsville Exchange Outparcels

      16 Retail Outparcels, Q3 2025
      7760 Macon Hwy, Watkinsville, GA 30677
      View Details
    • $800,000
      2,150 SF

      Watkinsville Commercial Property

      Prime Office/Retail Space, Vacant
      44 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • $4,300,000
      7.12 Acres

      Prime Development Land in Watkinsville

      Exceptional development opportunity in Oconee County with B-2 zoning.
      1331 Jennings Mill Rd, Watkinsville, GA 30677
      View Details
    • $2,950,000
      6.00 Acres

      Mixed-Use Complex in Watkinsville, GA

      6-acre mixed-use complex with development in place.
      2411 Hog Mountain Rd, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      0.06 Acres

      1430 Capital Ave, Watkinsville, GA 30677

      Retail properties & Spaces • 0.06 Acres
      1430 Capital Ave, Watkinsville, GA 30677
      View Details
    • $995,000

      Prime Land for Development

      Development land suitable for office, hotel, or retail.
      2434 Mars Hill Rd, Watkinsville, GA 30677
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      128,502 SF

      Watkinsville Commercial Space For Rent

      Recently constructed building suitable for retail, office, or medical businesses.
      1021 Barber Creek Dr, Watkinsville, GA 30677
      View Details
    • $2,500 /Mo
      1,488 SF

      Retail/Office Space in Market Center

      1488 SF retail/office space in Watkinsville's Market Center plaza.
      1430 Capital Ave, 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
    • $2,450 /Mo

      Market Center Retail Space Available

      Prime retail space in a high-traffic shopping center.
      1430 Capital Ave, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      282 SF

      Watkinsville Office Space Available

      Office space available for rent in Watkinsville, Georgia.
      29 North Main St, Watkinsville, GA 30677
      View Details
    • $3,200 /Mo
      3,400 SF

      Watkinsville Warehouse/Flex Space Available

      Warehouse/flex space with showroom and loft near Butler's Crossing.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
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    Watkinsville, GA 30677-5321
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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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