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

    353 Belair Rd Evans, GA 30809-3096

    • Assisted living facilities
    • 25,845 SF
    • 3.18 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1782568
    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

    • Oaks at Evans / Nursing Home / Retirement Community

    Property Details for 353 Belair Rd

    Year built
    1998
    Lot size
    3.18 lot acres
    Property size
    25,845 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    073 034D
    APU
    073034D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1365
    Latitude
    33.5256
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC 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
    $34,289
    $322,031
    $1,051,080
    $1,373,111
    -
    $805,077
    $2,627,700
    $3,432,777

    Comparable in this City

    • Value Estimation by Request
      32,723 SF

      743 Belair Rd

      HOMES (RETIRED, NURSING) • 32,723 SF
      743 Belair Rd, Evans, GA 30809-4258
      View Details
    • Value Estimation by Request
      11.37 Acres

      3921 Evans To Locks Rd

      Land • 11.37 Acres
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      0.96 Acres

      253 Belair Rd

      Land • 0.96 Acres
      253 Belair Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      2.28 Acres

      715 Georgia Pne Trl

      Land • 2.28 Acres
      715 Georgia Pne Trl, Evans, GA 30809
      View Details
    • Value Estimation by Request
      1.93 Acres

      868 Blanchard Rd

      Land • 1.93 Acres
      868 Blanchard Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      8,454 SF

      337 Belair Rd

      FUNERAL HOME • 8,454 SF
      337 Belair Rd, Evans, GA 30809-3097
      View Details

    Similar Nearby for Sale

    • $379,000
      1.00 Acre

      Evans GA Commercial Land Investment

      Prime 1-acre development site, C-2 zoning.
      4521 Washington Rd, Evans, GA 30809
      View Details
    • $2,427,500
      9.71 Acres

      Evans Industrial Land - 9.71 Acres

      Prime Evans location, ideal for large-scale industrial development.
      0 Industrial Park Dr, Evans, GA 30809
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    • $400,000
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      Evans, GA Commercial Land Opportunity

      4-Acre C-2 Zoned Lot, High Visibility
      4776 Washington Rd, Evans, GA 30809
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    • $290,000
      1.22 Acres

      Evans, GA Commercial Land Opportunity

      High-traffic location, ideal for development.
      245 Belair Rd, Evans, GA 30809
      View Details
    • $1,925,000
      10,400 SF

      Class A Office/Warehouse Building

      10,400 sq ft Class A office/warehouse with fenced yard.
      1 Randolph Ct, Evans, GA 30809
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    • $800,000

      Prime Redevelopment Land For Sale

      1.33 AC tract primed for redevelopment in Evans, GA.
      4548 Washington Rd, Evans, GA 30809
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      1,600 SF

      Evans, GA Prime Office Space

      1600 sq ft, Single Tenant, Excellent Location
      601 Belair Sq, Evans, GA 30809
      View Details
    • $26 SF/Yr
      1,315 SF

      New Retail Space in Evans

      Class A retail center in a thriving downtown Evans area.
      935 Ronald Reagan Dr, Evans, GA 30809
      View Details
    • Contact for pricing
      4,800 SF

      Riverwood Town Center Retail Space

      High-traffic Evans, GA retail space.
      5119 Washington Rd, Evans, GA 30809
      View Details
    • $24 SF/Yr
      11,154 SF

      Evans Retail Space For Lease

      High-visibility retail space in thriving Evans, GA.
      4431 Washington Rd, Evans, GA 30809
      View Details
    • $20 SF/Yr
      4,440 SF

      Evans Retail or Office Space

      Retail or office space available for lease in Evans, GA.
      4446 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Anchored by Publix

      Retail space available in Evans, GA, anchored by Publix.
      4272 Washington Rd, Evans, GA 30809
      View Details
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    353 Belair Rd
    Evans, GA 30809-3096
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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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