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    298 Main St Baxley, GA 31513
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    Property profile & analytics

    298 Main St, Baxley, GA 31513

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    • Commercial real estate
    • 2,034 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US22-2221651
    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 298 Main St

    Year built
    1938
    Lot size
    0.83 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2,034-square-foot executive office space, located at 298 S Main St in Baxley, Georgia, presents a unique investment opportunity. Built in 1938, this beautifully maintained brick building sits on a spacious 0.83-acre lot, offering ample room for expansion or outdoor amenities. The property boasts three bedrooms and two bathrooms, a charming living room with a fireplace, and a formal dining room. A versatile bonus area could easily serve as additional office space, a playroom, or other uses. A large laundry room adds convenience. The property also includes a two-car carport and a barn/storage building with a loft, presenting potential for conversion into a guest house or additional office space. The property's location is highly desirable, offering proximity to schools, shopping, parks, and a hospital. Appliances are included in the sale. The existing structure could be readily adapted for commercial use, making this a versatile property with significant upside potential. The asking price is $234,900. This property is zoned for retail and office use. Don't miss this chance to own a piece of Baxley's Main Street.

    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
    Baxley
    County
    Appling
    State
    Georgia
    Longitude
    -82.3503627
    Latitude
    31.7744882

    Comparable in this City

    • $1,400,000
      7,900 SF

      New Strip Mall in Baxley

      Newly built commercial strip mall in the heart of Baxley.
      719 W Parker St, Baxley, GA 31513
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    • $1,600,000
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      Updated Commercial Building on 2.69 Acres

      Updated 14,150 SF commercial building on 2.69 acres.
      1205 W Parker St, Baxley, GA 31513
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    • $199,900
      0.28 Acres

      Highway Frontage Commercial Opportunity

      Commercial property with highway frontage and potential for various uses.
      702 E Parker St, Baxley, GA 31513
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    • $175,000
      1,952 SF

      Versatile Commercial Building with Extra Lot

      1,952 sq ft building with additional 0.72-acre lot.
      213 Park St SE, Baxley, GA 31513
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    • $329,000
      2,312 SF

      Downtown Baxley Commercial Investment Property

      2,312 SF mixed-use property in downtown Baxley, Georgia.
      85 NE Main St, Baxley, GA 31513
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    • Contact for pricing
      48,000 SF

      Five-Story Mixed-Use Glass Office Tower

      Glass five-story building with ground-floor medical space, flexible office floors, and two residential units on the fifth level.
      162 Jekyll Rd, Baxley, GA 31513
      View Details

    Similar Nearby for Sale

    • $1,400,000
      7,900 SF

      New Strip Mall in Baxley

      Newly built commercial strip mall in the heart of Baxley.
      719 W Parker St, Baxley, GA 31513
      View Details
    • $1,600,000
      14,150 SF

      Updated Commercial Building on 2.69 Acres

      Updated 14,150 SF commercial building on 2.69 acres.
      1205 W Parker St, Baxley, GA 31513
      View Details
    • $199,900
      0.28 Acres

      Highway Frontage Commercial Opportunity

      Commercial property with highway frontage and potential for various uses.
      702 E Parker St, Baxley, GA 31513
      View Details
    • $175,000
      1,952 SF

      Versatile Commercial Building with Extra Lot

      1,952 sq ft building with additional 0.72-acre lot.
      213 Park St SE, Baxley, GA 31513
      View Details
    • $329,000
      2,312 SF

      Downtown Baxley Commercial Investment Property

      2,312 SF mixed-use property in downtown Baxley, Georgia.
      85 NE Main St, Baxley, GA 31513
      View Details
    • Contact for pricing
      48,000 SF

      Five-Story Mixed-Use Glass Office Tower

      Glass five-story building with ground-floor medical space, flexible office floors, and two residential units on the fifth level.
      162 Jekyll Rd, Baxley, GA 31513
      View Details
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    Baxley, GA 31513
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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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