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    302 Lake Joy Rd Perry, GA 31069

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    302 Lake Joy Rd Perry, GA 31069

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    • Commercial real estate
    • 1,271 SF
    • 4.79 lot acres
    Off-Market
    Property ID
    US22-0420469
    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 302 Lake Joy Rd

    Lot size
    4.79 lot acres
    Property size
    1,271 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 302 Lake Joy Road in Perry, Georgia, presents a compelling investment opportunity. The property boasts a substantial 1,271 square feet of building space, offering ample room for a variety of commercial uses. The expansive 4.79-acre lot provides significant potential for expansion, additional development, or ample parking. The asking price is $958,000. Situated in Perry, this location offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's size and versatility make it suitable for a wide range of commercial ventures, from retail and office spaces to light industrial uses. The generous lot size also presents opportunities for future growth and development, allowing for potential expansion or the addition of complementary structures. This property is a rare find, combining a desirable location with substantial space and development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is ready for immediate occupancy and presents a unique chance to establish or expand a business in a strategic location. The substantial lot size offers flexibility for future expansion or development, catering to a variety of business needs. This is an excellent opportunity to acquire a significant commercial property in a growing market.

    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
    Perry
    County
    Houston County
    State
    Georgia
    Longitude
    -83.69912
    Latitude
    32.49886

    Comparable in this City

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      Prime Perry Commercial Land

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    • $450,000
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      Prime Perry Commercial Property

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    • $1,850,000
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      Prime Perry, GA Commercial Land

      11.49 Acres, $1.85M
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    • $150,000
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      Perry Commercial Lot Near Emory

      One acre commercial lot near Emory Hospital Perry.
      1050 Keith Dr, Perry, GA 31069
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      3,492 SF

      Retail Space in Perry Marketplace

      Retail space in a high-traffic shopping center near I-75.
      1363 Sam Nunn Blvd, Perry, GA 31069
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    • $850,000

      Commercial Tract with Office Space

      4.82 acre commercial tract with office and utilities.
      311 Valley Dr, Perry, GA 31069
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    Similar Nearby for Sale

    • $1,200,000
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      Prime Perry Commercial Land

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      1802 Houston Lake Rd, Perry, GA 31069
      View Details
    • $450,000
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      Prime Perry Commercial Property

      1.5-Acre Lot, 552 sq ft Building
      341 Hwy, Perry, GA 31069
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    • $1,850,000
      11.49 Acres

      Prime Perry, GA Commercial Land

      11.49 Acres, $1.85M
      Hwy 41 & Langston Rd, Perry, GA 31069
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    • $1,250,000
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      Perry Parkway Commercial Development Opportunity

      Prime commercial land for development in a high-growth area.
      20-A Perry Pkwy, Perry, GA 31069
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    • $1,278,530
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      Perry, GA Multifamily Development Land

      19.7 acre parcel suitable for multifamily development in Perry, GA.
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    • $85,000
      0.60 Acres

      Lakefront Lot on Lake Joy

      Spacious 0.6-acre lakefront lot with dock and boat launch.
      304 N Lake Dr, Perry, GA 31069
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      6,396 sq ft office space available for lease.
      103 Industrial Park Dr, Perry, GA 31069
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      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      702 Walcott St, Perry, GA 31069
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      Commercial Land Lease Opportunity

      1.58 acres of divisible commercial land for lease.
      704 Walcott St, Perry, GA 31069
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    • Contact for pricing

      Commercial Ground Lease Opportunity

      Divisible commercial land for ground lease with utilities available.
      1320 Sam Nunn Blvd, Perry, GA 31069
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      Perry, GA Commercial Building

      Commercial building in Perry, GA available for lease.
      506 General Courtney Hodges Blvd, Perry, GA 31069
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    • Contact for pricing
      4,658 SF

      Former Restaurant Space Available

      Restaurant or retail opportunity in Perry, Georgia.
      100 Valley Dr, Perry, GA 31069
      View Details
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    Perry, GA 31069
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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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    302 Lake Joy Rd, Perry, GA, 31069

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