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

    345 Wilbanks Dr Ball Ground, GA 30107-6002

    • Industrial properties
    • 10,234 SF
    • 1.02 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2023
    $1,112,600
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    4.5%
    Industrial properties
    Location Intelligence
    Property ID
    US22-0380637
    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

    • Power Plant Repair Services / Machine Shop / Power Plant Consultant

    Property Details for 345 Wilbanks Dr

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    1.02 lot acres
    Property size
    10,234 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    14N26 075 B
    APU
    14N26075B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,380,000
      ML approach
      $1,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,261,000
      Market price range: $969k - $2.09M
      AI Estimate
      $931,000
      Market price range: $312k - $1.51M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,310,000
      Current use
      AUTO REPAIR, GARAGE
      $1,865,000
      Change: +42% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,090,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ball Ground
    County
    Cherokee
    State
    Georgia
    Longitude
    -84.4194
    Latitude
    34.3007
    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
    2024
    $10,429
    $53,040
    $348,280
    $401,320
    -
    $132,600
    $870,700
    $1,003,300

    Comparable in this City

    • Value Estimation by Request
      13.05 Acres

      Cherokee Dr

      Land • 13.05 Acres
      0 Cherokee Dr, Ball Ground, GA 30107
      View Details
    • Value Estimation
      $9,845,000
      104,392 SF

      2205 Airport Industrial Dr

      INDUSTRIAL (GENERAL) • 104,392 SF
      2205 Airport Industrial Dr, Ball Ground, GA 30107-4695
      View Details
    • Value Estimation
      $1,225,000
      3,996 SF

      2300 Airport Industrial Dr

      INDUSTRIAL (GENERAL) • 3,996 SF
      2300 Airport Industrial Dr, Ball Ground, GA 30107-4564
      View Details
    • Value Estimation
      $3,545,000
      55,060 SF

      1200 Airport Dr

      INDUSTRIAL (GENERAL) • 55,060 SF
      1200 Airport Dr, Ball Ground, GA 30107-4545
      View Details
    • Value Estimation
      $730,000
      8,550 SF

      150 Christa Ct

      INDUSTRIAL (GENERAL) • 8,550 SF
      150 Christa Ct, Ball Ground, GA 30107-6008
      View Details
    • Value Estimation
      $2,710,000
      18,980 SF

      921 Faulkner Ln

      INDUSTRIAL (GENERAL) • 18,980 SF
      921 Faulkner Ln, Ball Ground, GA 30107-4523
      View Details

    Similar Nearby for Sale

    • $140,000
      13.05 Acres

      13-Acre Industrial Land, Ball Ground

      Georgia industrial land: $140,000, 13 acres.
      0 Cherokee Dr, Ball Ground, GA 30107
      View Details
    • $5,415,000
      38,000 SF

      Industrial Warehouse Space For Sale

      38,000 square foot industrial warehouse in Ball Ground, GA.
      425 Wilbanks Dr, Ball Ground, GA 30107
      View Details
    • Contact for pricing
      12,000 SF

      Corporate Hangar for Sale in GA

      12,000 SF hangar, 30-year ground lease.
      1350 Bishop Rd, Ball Ground, GA 30107
      View Details
    • $2,999,999
      1,577 SF

      24 Acres Mixed-Use Ball Ground

      Mixed-use property with multiple buildings and income potential.
      9975 Ball Ground Hwy, Ball Ground, GA 30107
      View Details
    • $1,443,750
      27.50 Acres

      27 Acre Fenced Land Parcel

      27-acre parcel ideal for development, estate, or horse farm.
      Julius Bridge Rd, Ball Ground, GA 30107
      View Details
    • $636,500
      16.75 Acres

      Wooded Lots with Creek Frontage

      Three wooded 5+ acre lots with creek frontage for sale.
      Lawson Federal Rd, Ball Ground, GA 30107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Industrial Building with Outside Storage

      7,000 SF industrial building with 2 acres of IOS.
      5311 Ball Ground Hwy, Ball Ground, GA 30107
      View Details
    • Contact for pricing
      434,499 SF

      Airport Road Warehouse Space

      Large Warehouse, Multiple Spaces Available
      0 Airport Rd, Ball Ground, GA 30107
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Park and Storage Lots

      Proposed industrial park and storage lots for lease near I-575.
      710 Wes Walker Memorial Dr, Ball Ground, GA 30107
      View Details
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    345 Wilbanks Dr
    Ball Ground, GA 30107-6002
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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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