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

    2829 Pt Rd Lagrange, GA 30240-6427

    • Outlet malls
    • 9,344 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1349554
    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

    • Western Union / Money Transfer Service
    • FedEx OnSite / Mailing Service
    • Dollar General / Dollar Store / Convenience Store

    Property Details for 2829 Pt Rd

    Year built
    2015
    Lot size
    1.42 lot acres
    Property size
    9,344 SF
    Zone code
    01-GC
    Property type
    Outlet malls
    APN
    0713A000007
    APU
    0713A000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,895,000
      6.5%
      $1,750,000
      7%
      $1,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,446,000
      Market price range: $551k - $1.45M
      AI Estimate
      $958,000
      Market price range: $384k - $1.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,020,000
      Current use
      RESTAURANT
      $2,265,000
      Change: +122% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,230,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $835,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0969
    Latitude
    33.0164
    CBSA code
    29300
    CBSA name
    LAGRANGE, GA-AL 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
    $14,374
    $71,000
    $456,040
    $527,040
    -
    $177,500
    $1,140,100
    $1,317,600

    Comparable in this City

    • Value Estimation
      $930,000
      9,961 SF

      521 New Franklin Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,961 SF
      521 New Franklin Rd, Lagrange, GA 30240
      View Details
    • Value Estimation
      $790,000
      8,282 SF

      1811 Vernon Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,282 SF
      1811 Vernon Rd, Lagrange, GA 30240-4041
      View Details
    • Value Estimation
      $1,365,000
      9,050 SF

      604 Greenwood St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,050 SF
      604 Greenwood St, Lagrange, GA 30240-3128
      View Details
    • Value Estimation by Request
      936 SF

      Ww Pt Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 936 SF
      Ww Pt Rd, Lagrange, GA 30240
      View Details
    • Value Estimation by Request
      2,232 SF

      1785 Vernon Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 2,232 SF
      1785 Vernon Rd, Lagrange, GA 30240-4084
      View Details
    • Value Estimation by Request
      2,160 SF

      404 Whitesville St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,160 SF
      404 Whitesville St, Lagrange, GA 30240-5336
      View Details

    Similar Nearby for Sale

    • $3,750,000
      22,651 SF

      Mixed-Use Building in Downtown Lagrange

      Three-story mixed-use building in the heart of downtown Lagrange.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
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      6,000 SF

      LaGrange Commercial Opportunity with Warehouse

      Commercial property with office, retail, and warehouse space available.
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      Storefront retail, office, or restaurant opportunity in downtown LaGrange.
      111 Ridley Ave, Lagrange, GA 30240
      View Details
    • New
      $196,900
      Pending

      Lagrange Commercial Property on 3 Acres

      Commercial property in Lagrange, GA, with store and shop buildings.
      11 Estes Rd, Lagrange, GA 30240
      View Details
    • $649,900
      0.38 Acres

      Prime LaGrange Retail Space

      Single-Tenant Retail Building, $649,900
      301 Mooty Bridge Rd, LaGrange, GA 30240
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      LaGrange Retail Land Investment

      11-Acre Commercial Lot, Vacant
      2001 Kia Blvd, LaGrange, GA 30240
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Merganser Commons

      Shop space for lease in Publix anchored shopping center.
      29 & Hl And Dales Farm Rd, Lagrange, GA 30240
      View Details
    • $1,200 /Mo
      4,665 SF

      LaGrange Commercial Space For Lease

      Flexible retail/office space with high visibility and pedestrian traffic.
      111 Ridley Ave, Lagrange, GA 30240
      View Details
    • $1,500 /Mo
      15,600 SF

      Commercial Space in Lagrange, GA

      Versatile commercial space suitable for office, retail, or church.
      120 Gordon Commercial Dr, Lagrange, GA 30240
      View Details
    • $3,450 /Mo
      3,000 SF

      Updated Office Space in Lagrange

      Recently updated office building with parking and great visibility.
      308 S Lewis St, Lagrange, GA 30240
      View Details
    • $750 /Mo
      18,321 SF

      Historical Building in Downtown LaGrange

      Suites available in a historical building near the courthouse.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • $1,250 /Mo
      10,890 SF

      Downtown Lagrange Office Suite

      Professional office suite for lease in downtown Lagrange, Georgia.
      101 New Franklin Rd Unit Office, Lagrange, GA 30240
      View Details
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    2829 Pt Rd
    Lagrange, GA 30240-6427
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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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