Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    308 Mill Creek Dr Hull, GA 30646

    Property Lookup

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

    308 Mill Creek Dr Hull, GA 30646

    View on Map
    • Warehouses
    • 5,000 SF
    • 6.00 lot acres
    For Sale
    $1,899,000
    View Listing →
    Versatile Hull Warehouse/Industrial Buildings For Sale
    $1,899,000
    10,000 SF

    Versatile Hull Warehouse/Industrial Buildings

    Two warehouse/industrial buildings on 6 acres near Athens, Georgia.

    308 Mill Creek Drive, Hull, GA 30646
    View Listing
    Property ID
    US22-0406864
    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
    2.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 308 Mill Creek Dr

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    6.00 lot acres
    Property size
    5,000 SF
    Zone code
    B
    Property type
    Warehouses
    APN
    0046 052 G2
    APU
    0046052G2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,635,000
      ML approach
      $1,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hull
    County
    Madison
    State
    Georgia
    Longitude
    -83.2714
    Latitude
    34.0208
    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
    $9,650
    $12,000
    $304,108
    $316,108
    -
    $30,000
    $760,271
    $790,271

    Comparable in this City

    • Value Estimation by Request
      3,280 SF

      320 Ml Crk Dr

      MINI-WAREHOUSE, STORAGE • 3,280 SF
      320 Ml Crk Dr, Hull, GA 30646-4570
      View Details
    • Value Estimation by Request
      1,800 SF

      981 Norwood Rd

      WAREHOUSE, STORAGE • 1,800 SF
      981 Norwood Rd, Hull, GA 30646-3637
      View Details
    • Value Estimation
      $980,000
      8,376 SF

      79 Business Dr

      WAREHOUSE, STORAGE • 8,376 SF
      79 Business Dr, Hull, GA 30646-4565
      View Details
    • Value Estimation
      $805,000
      9,940 SF

      206 Business Dr

      MINI-WAREHOUSE, STORAGE • 9,940 SF
      206 Business Dr, Hull, GA 30646-4571
      View Details
    • Value Estimation by Request
      8,840 SF

      712 Sawdust Rd

      WAREHOUSE, STORAGE • 8,840 SF
      712 Sawdust Rd, Hull, GA 30646-2810
      View Details
    • Value Estimation by Request
      2,100 SF

      Hwy 106th S

      MINI-WAREHOUSE, STORAGE • 2,100 SF
      Hwy 106th S, Hull, GA 30646
      View Details

    Similar Nearby for Sale

    • $1,899,000
      10,000 SF

      Versatile Hull Warehouse/Industrial Buildings

      Two warehouse/industrial buildings on 6 acres near Athens, Georgia.
      308 Mill Creek Dr, Hull, GA 30646
      View Details
    • $735,000
      5,000 SF

      Hull, GA - Mixed-Use Opportunity

      5-acre property with warehouse and two mobile homes.
      3655 Neese Commerce Rd, Hull, GA 30646
      View Details
    • New
      $195,000
      9.05 Acres

      Hull, GA Wooded Land Tract

      9.05-acre wooded tract in Hull, GA, near Athens.
      4343 Highway 106 S, Hull, GA 30646
      View Details
    • $210,000

      Four Acre Tract For Sale

      Four acre tract with pasture and wooded privacy.
      Adams Duncan Rd, Hull, GA 30646
      View Details
    • $300,000
      1.00 Acre

      Hull Commercial Lot For Sale

      One-acre commercial lot with development potential in Hull, Georgia.
      1596 Glenn Carrie Rd, Hull, GA 30646
      View Details
    • $230,000
      7.43 Acres

      Hull, GA Land Opportunity

      7.43 acres of land in Hull, Georgia for sale.
      Reese Ln, Hull, GA 30646
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    308 Mill Creek Dr
    Hull, GA 30646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!