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    2850 Lake Michigan Dr Hephzibah, GA 30815
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    Property profile & analytics

    2850 Lake Michigan Dr Hephzibah, GA 30815

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    • Commercial real estate
    • 38.73 lot acres
    Off-Market
    Property ID
    US22-1041883
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2850 Lake Michigan Dr

    Lot size
    38.73 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 38.73-acre parcel of land presents a unique investment opportunity in Hephzibah, Georgia. Located at 2850 Lake Michigan Dr, 30815, Richmond County, this property is zoned for Residential/Agriculture use, offering considerable flexibility for future development. The expansive lot size provides ample space for a variety of commercial ventures, potentially including retail, light industrial, or other suitable uses, subject to local zoning regulations. Its prime location in Hephzibah offers convenient access to key transportation routes and amenities, making it an attractive proposition for businesses seeking a strategic foothold in the area. The asking price for this significant landholding is $174,900. Given the size and zoning, this property represents a compelling opportunity for investors and developers seeking a substantial land acquisition in a growing Georgia market. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations and permitted uses before making an offer. The property's coordinates are 33.3753249 latitude and -82.108063 longitude. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hephzibah
    County
    Richmond
    State
    Georgia
    Longitude
    -82.108063
    Latitude
    33.3753249

    Comparable in this City

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      Hephzibah Corner Lot Opportunity

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      Prime Commercial Land Opportunity

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      2520 Tobacco Rd, Hephzibah, GA 30815
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      Commercial Land Ready for Development

      1.33-acre commercial land with utilities in place.
      3914 Deans Bridge Rd, Hephzibah, GA 30815
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    • $60,000
      3.40 Acres

      3.4-Acre Homesite in Hephzibah, GA

      Spacious lot for custom home, close to amenities and Fort Gordon.
      2687 Big Dog Trl, Hephzibah, GA 30815
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    • $150,000
      Pending

      Hephzibah Land For Sale

      Nearly 20-acre property perfect for residential or agricultural purposes.
      4734 Tinley Rd, Hephzibah, GA 30815
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    Similar Nearby for Sale

    • Contact for pricing

      Hephzibah Corner Lot Opportunity

      14.81 acres at Windsor Spring Rd and Hwy 88.
      2476A Ga-88, Hephzibah, GA 30815
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Outparcel near Windsor Place Shopping Center, suitable for retail/dining.
      2520 Tobacco Rd, Hephzibah, GA 30815
      View Details
    • Contact for pricing

      Commercial Land Ready for Development

      1.33-acre commercial land with utilities in place.
      3914 Deans Bridge Rd, Hephzibah, GA 30815
      View Details
    • $60,000
      3.40 Acres

      3.4-Acre Homesite in Hephzibah, GA

      Spacious lot for custom home, close to amenities and Fort Gordon.
      2687 Big Dog Trl, Hephzibah, GA 30815
      View Details
    • $150,000
      Pending

      Hephzibah Land For Sale

      Nearly 20-acre property perfect for residential or agricultural purposes.
      4734 Tinley Rd, Hephzibah, GA 30815
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hephzibah Restaurant with Drive-Thru

      Vacant restaurant with drive-thru in active retail area.
      3696 Windsor Spring Rd, Hephzibah, GA 30815
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    • Contact for pricing
      1,400 SF

      Retail Space Near High Traffic

      Retail space in high-growth area with significant traffic.
      3699 Windsor Spring Rd, Hephzibah, GA 30815
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    • Contact for pricing
      1,071 SF

      Hephzibah Retail Space Available

      Premier shopping center with space suitable for various businesses.
      2476 Highway 88, Hephzibah, GA 30815
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      Retail Space in High-Growth Area

      Retail space with high visibility and flexible use options.
      3697 Windsor Spring Rd, Hephzibah, GA 30815
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    • $650 /Mo
      Pending

      Hephzibah Office Space For Rent

      Office suite with three rooms, half bath, and storage.
      2920 Tobacco Rd, Hephzibah, GA 30815
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    Hephzibah, GA 30815
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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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