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Property profile & analytics
FOR SALE
Commercial real estate
3590 Highway 42 Locust Grove, GA 30248
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US22-1054787
For Sale
1 / 85
$3,850,000
3590 Highway 42, Locust Grove, GA 30248
View Listing →
Property summary
AI-generated overview
This exceptional commercial property in Locust Grove, Georgia, presents a unique investment opportunity. Located at 3590 Highway 42, this 4.66-acre lot boasts an impressive 974 feet of road frontage, offering unparalleled visibility and accessibility. The property includes three buildings constructed in 1908, providing a solid foundation for a variety of commercial ventures. Its strategic location directly across from the Locust Grove Municipal Complex ensures high traffic volume and a prominent presence within the community. The property is zoned for retail, office, and restaurant uses, making it highly versatile and adaptable to diverse business needs. Its proximity to major thoroughfares, including I-75 and the Tanger Outlet Mall (both within one mile), further enhances its appeal to businesses seeking high visibility and convenient access. All utilities are readily available on-site, simplifying development and operational costs. The asking price for this exceptional property is $3,850,000. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential in a thriving Georgia community. The property's mixed-use zoning (Medical Office and Residential) allows for flexibility in development plans.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1908
Construction
WOOD
Total area
3,194 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C1
APN
128-01007000
UPID
US22-1054787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$770k
Owner & transaction history
KATHRYN A SIMS
KATHRYN A SIMS
Zoning & alternative use
C1 · Locust Grove, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$660,000
+22.5%
Retail stores
$640,000
+19.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Locust Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Locust Grove submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Current use
AUTO REPAIR, GARAGE
$660,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,176
Tax year 2024
Assessed value
$231,200
Assessed 2024
Previous assessed
$231,200
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$155,080
Assessed improvement
$76,120
Land market value
$387,700
Improvement market value
$190,300
Total market value
$578,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1908
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
10
Bathrooms
4
Total area
3,194 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C1
APN
128-01007000
UPID
US22-1054787
Jurisdiction
HENRY
Zoning & alternative use
C1 · Locust Grove, GAZoning C1 · permitted uses
C1 · Locust Grove, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RETAIL STORES
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1908
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
4
Lot
1.78 ac
Current owner
From public records · entity-resolved
KATHRYN A SIMS
Individual
Free & Clear · 0 yrs held
Mailing address
3811 HWY 138TH SW, STOCKBRIDGE, GA 30281-5638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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