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    Property profile & analytics

    321 S Jefferson Ave Eatonton, GA 31024

    • Warehouses
    • 4,350 SF
    • 1.25 lot acres
    For Sale
    View listing
    $899,000
    Last Sale
    Apr 22, 2022
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2292248
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 321 S Jefferson Ave

    Year built
    1960
    Construction
    MIXED
    Lot size
    1.25 lot acres
    Property size
    4,350 SF
    Zone code
    1
    Property type
    Warehouses
    APN
    E006266
    APU
    E006266

    Description

    This exceptional Eatonton, GA business opportunity encompasses two substantial brick warehouses totaling 14,536 square feet on a 1.25-acre lot. Boasting a prime location adjacent to a new McDonald's and across from Ace Hardware, this property enjoys high visibility and traffic counts. Building One, a spacious 10,186 square feet, features four large roll-up doors (three electric), easily accommodating semi-trailers. It also includes dedicated office space, warehouse area, and truck scales with a 100,000-pound capacity. Building Two offers 4,350 square feet with one large roll-up door and convenient rear access to the railroad. Recently renovated, the property showcases a complete exterior paint job, new glass and wood flooring, updated lighting, and a newly paved and striped parking lot. A new chain link fence enhances security. Previously used as a dairy facility, this versatile property presents numerous possibilities. Imagine a brewery/tap room, arcade, or indoor sports complex – a full-court basketball court or golf simulator are just a few ideas. The extensive office space allows for diverse business applications. This unique property offers unparalleled potential for growth in a thriving location. The asking price is $899,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $175,000
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $156,000
      Market price range: $115k - $604k
      AI Estimate
      $132,000
      Market price range: $133k - $417k

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

    Location Insight

    • Map
    • Local Demand
    City
    Eatonton
    County
    Putnam
    State
    Georgia
    Longitude
    -83.3861
    Latitude
    33.3235

    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
    $1,717
    $30,000
    $31,917
    $61,917
    -
    $75,000
    $79,793
    $154,793

    Comparable in this City

    • Value Estimation
      $55,000
      1,680 SF

      Maple Ave

      MINI-WAREHOUSE, STORAGE • 1,680 SF
      Maple Ave, Eatonton, GA 31024
      View Details
    • Value Estimation
      $480,000
      122,086 SF

      113 Milledgeville Rd

      WAREHOUSE, STORAGE • 122,086 SF
      113 Milledgeville Rd, Eatonton, GA 31024-7300
      View Details
    • Value Estimation
      $345,000
      14,400 SF

      603rd S Oak St

      MINI-WAREHOUSE, STORAGE • 14,400 SF
      603rd S Oak St, Eatonton, GA 31024-1227
      View Details
    • Value Estimation
      $375,000
      8,170 SF

      607 Old Phoenix Rd

      MINI-WAREHOUSE, STORAGE • 8,170 SF
      607 Old Phoenix Rd, Eatonton, GA 31024-5610
      View Details
    • Value Estimation
      $230,000
      6,300 SF

      101 Sweet Shrub Dr

      MINI-WAREHOUSE, STORAGE • 6,300 SF
      101 Sweet Shrub Dr, Eatonton, GA 31024
      View Details
    • Value Estimation
      $265,000
      5,900 SF

      126 Lowr Harmony Rd

      MINI-WAREHOUSE, STORAGE • 5,900 SF
      126 Lowr Harmony Rd, Eatonton, GA 31024
      View Details

    Similar Nearby for Sale

    • $899,000
      14,536 SF

      Versatile Warehouses on 1.25 Acres

      Two warehouses totaling 14,536 SF on 1.25 acres.
      321 S Jefferson Ave, Eatonton, GA 31024
      View Details
    • $600,000

      Eatonton Mini Storage Value-Add Opportunity

      Self-storage facility in Eatonton, GA with value-add potential.
      109 Coleman Dr, Eatonton, GA 31024
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    • $299,000
      4,940 SF

      Eatonton Commercial Building For Sale

      4,800+ sq ft commercial building suitable for multiple uses.
      121 Coleman Dr, Eatonton, GA 31024
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    • $395,000
      1.10 Acres

      Eatonton Commercial Land - $395,000

      1.1-acre commercial lot, prime location.
      101 Walmart Dr, Eatonton, GA 31024
      View Details
    • $49,500
      0.38 Acres

      Eatonton Commercial Land - $49,500

      High-visibility commercial lot with billboard income.
      0 Oak St, Eatonton, GA 31024
      View Details
    • $349,900
      5,824 SF

      125 Jefferson Ave, Eatonton, GA 31024

      Commercial real estate • 5,824 SF
      125 Jefferson Ave, Eatonton, GA 31024
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      1,465 SF

      Lakefront Office Space Available

      Office space for rent with lake access and elevator.
      1129 Lk Oconee Pkwy Unit, Eatonton, GA 31024
      View Details
    • $1,850 /Mo
      924 SF

      Furnished Eatonton Office Suite

      Move-in ready, fully furnished office suite in prime Eatonton location.
      191 Sammons Pkwy, Eatonton, GA 31024
      View Details
    • $2,100 /Mo
      35,000 SF

      Eatonton Commercial Space For Lease

      2100 SF office/retail space available in Eatonton, GA.
      170 Scott Rd Unit, Eatonton, GA 31024
      View Details
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    Eatonton, GA 31024
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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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