Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    311 Smith Ave Thomasville, GA 31792-5534
    Back to Search
    Property profile & analytics

    311 Smith Ave, Thomasville, GA 31792-5534

    View on Map
    • Retail space
    • 8,480 SF
    • 0.77 lot acres
    Off-Market
    Last Sale Jun 5, 2025
    $1,200,000
    Property ID
    US22-1606648
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fitness Zone / Gym & Fitness Center
    • Thomasville Orthopedics MRI / Medical Clinic
    • AAA Exchange,Inc.Quality Painting and Handyman / Hardware & Home Improvement / General Contractor
    • EZ Wash Laundromat / (Bike/Boat/Book/etc) Store
    • Good and Reliable Contractors / Hardware & Home Improvement / General Contractor

    Property Details for 311 Smith Ave

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.77 lot acres
    Zone code
    C-1
    Property type
    Retail space
    APN
    009 003002
    APU
    9003002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $882,000
      Market price range: $757k - $1.61M
      AI Estimate
      $696,000
      Market price range: $439k - $1.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,190,000
      Current use
      COMMERCIAL (GENERAL)
      $960,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Thomas
    State
    Georgia
    Longitude
    -83.9749
    Latitude
    30.836
    CBSA code
    45620
    CBSA name
    THOMASVILLE, GA 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
    $5,487
    $80,486
    $141,281
    $221,767
    -
    $201,216
    $353,203
    $554,419

    Comparable in this City

    • Value Estimation by Request
      576 SF

      342 Jackson St

      RETAIL STORES (PERSONAL SERVICES)
      342 Jackson St, Thomasville, GA 31792-5481
      View Details
    • Value Estimation by Request
      1,125 SF

      215 Jackson St

      RETAIL STORES (PERSONAL SERVICES)
      215 Jackson St, Thomasville, GA 31792-5404
      View Details
    • Value Estimation by Request
      1,118 SF

      912 Jackson St

      RETAIL STORES (PERSONAL SERVICES)
      912 Jackson St, Thomasville, GA 31792-4773
      View Details
    • Value Estimation by Request
      2,904 SF

      111 Madison St

      RETAIL STORES (PERSONAL SERVICES)
      111 Madison St, Thomasville, GA 31792-5412
      View Details
    • Value Estimation by Request
      994 SF

      127 12th S Broad St

      RETAIL STORES (PERSONAL SERVICES)
      127 12th S Broad St, Thomasville, GA 31792-5542
      View Details
    • Value Estimation by Request
      3,600 SF

      124 Stevens St

      RETAIL STORES (PERSONAL SERVICES)
      124 Stevens St, Thomasville, GA 31792-5477
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Thomasville Retail Center Spaces Available

      Retail spaces available in the heart of Thomasville's retail district.
      1428 Remington Ave, Thomasville, GA 31792
      View Details
    • Contact for pricing

      Prime Retail Space in Thomasville

      Exceptional leasing opportunity in a flourishing retail district.
      1428 Remington Ave, Thomasville, GA 31792
      View Details
    • $260,000
      6,020 SF

      Thomasville Commercial Property on Broad

      Commercial property with potential, located minutes from downtown Thomasville.
      522 N Broad St, Thomasville, GA 31792
      View Details
    • $1,090,000
      4,800 SF

      Downtown Commercial Space Available

      Rare commercial space in downtown Thomasville, suitable for various businesses.
      111 Remington Ave, Thomasville, GA 31792
      View Details
    • New
      $179,900
      700 SF

      Downtown Thomasville Mixed-Use Opportunity

      Rare downtown property with residential and commercial potential.
      208 Neel Pl, Thomasville, GA 31792
      View Details
    • New
      $299,900
      1,439 SF

      Downtown Thomasville Mixed-Use Opportunity

      DG zoned property suitable for residential, commercial, or mixed-use.
      228 Gordon Ave, Thomasville, GA 31792
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Space in Business Circle

      1,800 SF flex space suitable for small business.
      110 Business Cir, Thomasville, GA 31792
      View Details
    • Contact for pricing
      34,480 SF

      Retail Space in Gateway Center

      Retail space available in anchored shopping center with ample parking.
      15023-15125 Us Highway 19, Thomasville, GA 31792
      View Details
    • Contact for pricing
      4,800 SF

      Downtown Thomasville Two-Story Office Building

      4800 sqft office building in Downtown Thomasville, Georgia.
      106 Oak St, Thomasville, GA 31792
      View Details
    • Contact for pricing

      Thomasville Office Space For Rent

      Professional office space near downtown and hospital.
      916 S Broad St, Thomasville, GA 31792
      View Details

    Property Visit Statistics

    • Visits by month
      30.3k
    • Visitors by month
      14.5k
    • Avg Time on site
      21 min
    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.
    311 Smith Ave
    Thomasville, GA 31792-5534
    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

    Thank You for Inquiry
    311 Smith Ave, Thomasville, GA, 31792
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!