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    329 College Dr Barnesville, GA 30204-1603

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    329 College Dr Barnesville, GA 30204-1603

    View on Map
    • Strip malls
    • 34,506 SF
    • 4.51 lot acres
    Off-Market
    Property ID
    US22-1179731
    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
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 329 College Dr

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.51 lot acres
    Property size
    34,506 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    B23-117
    APU
    B23117

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Barnesville
    County
    Lamar
    State
    Georgia
    Longitude
    -84.1542
    Latitude
    33.0524
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    $21,643
    $99,060
    $602,010
    $701,070
    -
    $247,650
    $1,505,025
    $1,752,675

    Comparable in this City

    • Value Estimation
      $560,000
      22,176 SF

      790 Veterans Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,176 SF
      790 Veterans Pkwy, Barnesville, GA 30204-3707
      View Details
    • Value Estimation
      $805,000
      63,520 SF

      916 Veterans Pkwy

      SHOPPING CENTER, STRIP CENTER • 63,520 SF
      916 Veterans Pkwy, Barnesville, GA 30204-3771
      View Details
    • Value Estimation by Request
      4,800 SF

      816 College Dr

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      816 College Dr, Barnesville, GA 30204-3507
      View Details
    • Value Estimation
      $1,100,000
      14,859 SF

      597 Veterans Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 14,859 SF
      597 Veterans Pkwy, Barnesville, GA 30204-1577
      View Details
    • Value Estimation by Request
      13,528 SF

      128 Westgate Plz

      WHOLESALE OUTLET, DISCOUNT STORE • 13,528 SF
      128 Westgate Plz, Barnesville, GA 30204-1526
      View Details
    • Value Estimation
      $1,275,000
      18,816 SF

      100 Louis Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 18,816 SF
      100 Louis Dr, Barnesville, GA 30204-1307
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two-Building Portfolio Leased to GPC

      Two-building portfolio leased to Genuine Parts Company in Barnesville and Reynolds, GA.
      999 Veterans Pkwy, Barnesville, GA 30204
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    • $75,000
      1.37 Acres

      Barnesville Commercial Property For Sale

      1.37 acres with a 1,200 SF shop in Barnesville.
      110 Church St, Barnesville, GA 30204
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    • $130,000
      2,550 SF

      Downtown Barnesville Retail Space

      Retail space in downtown Barnesville with high foot traffic.
      12 Zebulon St, Barnesville, GA 30204
      View Details
    • New
      $950,000
      5.91 Acres

      Barnesville Truck Parking & IOS Yard

      5.05 acre truck parking and industrial outdoor storage yard.
      116 Rail Rd Way St, Barnesville, GA 30204
      View Details
    • $3,800,000
      43,560 SF

      Barnesville Storage Unit Complex

      Storage unit complex with income potential in a growing community.
      985 Veterans Pkwy, Barnesville, GA 30204
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    Similar Nearby for Lease

    • $15,000 /Mo
      223,027 SF

      Industrial Outdoor Storage For Lease

      5.12 acres of industrial land for outdoor storage.
      388 Industrial Dr, Barnesville, GA 30204
      View Details
    • Contact for pricing
      75,000 SF

      Industrial Space in Barnesville, Georgia

      60,000-75,000 SF industrial space with recent renovations.
      300 Rogers St, Barnesville, GA 30204
      View Details
    • New
      $10,000 /Mo
      217,800 SF

      Barnesville Truck Parking & Storage

      5.05 acre truck parking and industrial outdoor storage yard.
      116 Zebulon St, Barnesville, GA 30204
      View Details
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    329 College Dr
    Barnesville, GA 30204-1603
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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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