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    3684 Highway 5 Douglasville, GA 30135
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    3684 Highway 5 Douglasville, GA 30135

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    • Commercial land
    For Sale
    $3,500,000
    View Listing →
    Douglasville Land with Development Potential For Sale
    $3,500,000
    49.62 Acres

    Douglasville Land with Development Potential

    49.62 acres near Douglasville, GA, pre-approved for mixed-use development.

    3684 Highway 5, Douglasville, GA 30135
    View Listing
    Property ID
    US22-4035065
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3684 Highway 5

    Year built
    1966
    Property type
    Commercial land
    Property subtype
    Sports & entertainment properties

    Description

    This 49.62 Acres is a part of a 100 Acre Assemblage that has been Pre-Approved for an Indoor Water Park by one of the Commissioners of Douglas County. Conveniently located just outside of the city of Douglasville. Once the assemblage is completed there will be 4 access points The sewer line is located next door where we already have a Easement/Access point. Property does have a Power Easement that makes a little over 10 acres undevelopable and a creek that actually starts on our property & would require a buffer. The buffer would likely serve as excellent location for a pedestrian Walkway / Service Road. See also 3692 Hwy 5. Investors, if you are interested in owning a Amusement Park I already have a management company in mind that currently manages a Water Park in Texas For more information about additional acreage contact the listing agent directly 1.Subject property includes 48.612 Acres +/- 3684 Highway 5 Douglasville, GA 30135-2302. Parcel ID00990250188, Plat Book/ Page 1122/470& The 1.01 Acres, house located at 3688 Highway 5 Douglasville, GA 30135-2302. Year Built 1966Parcel ID 00990250136, Plat Book/ Page 2899/4392. Property is Being Sold AS-IS, with No Sellers Disclosure Statement. Seller has requested that No Sign be placed in the Yard

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglasville
    County
    Douglas
    State
    Georgia
    Longitude
    -84.77506
    Latitude
    33.7053

    Comparable in this City

    • $3,500,000
      49.62 Acres

      Douglasville Land with Development Potential

      49.62 acres near Douglasville, GA, pre-approved for mixed-use development.
      3684 Highway 5, Douglasville, GA 30135
      View Details
    • Contact for pricing

      1.99 AC Raw Land

      1.99 AC of raw land for ground lease or purchase.
      2038 Fairburn Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Commercial Land in Douglasville

      Located in a thriving retail corridor with excellent visibility.
      4010 Chapel Hill Rd, Douglasville, GA 30135
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    • $1,500,000

      8.75 Acre Douglas County Parcel

      Light Industrial zoned land with renovated office building.
      3530 Bomar Rd, Douglasville, GA 30135
      View Details
    • $179,000

      Commercial Lot on Highway 5

      1.54 acre commercial lot with high visibility.
      4462 Highway 5, Douglasville, GA 30135
      View Details
    • $3,500,000
      48.61 Acres

      Douglasville Land For Sale

      48.61 acres suitable for mixed-use development near Douglasville.
      3684 Highway 5, Douglasville, GA 30135
      View Details

    Similar Nearby for Sale

    • $3,500,000
      49.62 Acres

      Douglasville Land with Development Potential

      49.62 acres near Douglasville, GA, pre-approved for mixed-use development.
      3684 Highway 5, Douglasville, GA 30135
      View Details
    • $1,500,000

      8.75 Acre Douglas County Parcel

      Light Industrial zoned land with renovated office building.
      3530 Bomar Rd, Douglasville, GA 30135
      View Details
    • $179,000

      Commercial Lot on Highway 5

      1.54 acre commercial lot with high visibility.
      4462 Highway 5, Douglasville, GA 30135
      View Details
    • $3,500,000
      48.61 Acres

      Douglasville Land For Sale

      48.61 acres suitable for mixed-use development near Douglasville.
      3684 Highway 5, Douglasville, GA 30135
      View Details
    • $1,000,000
      3.00 Acres

      Commercial Land Ready For Development

      3 acres for mixed-use development near Douglasville, Georgia.
      3692 Highway 5, Douglasville, GA 30135
      View Details
    • $39,700
      0.48 Acres

      Land in Douglasville, Georgia

      Building lot near I-20, shopping, and hospital in Douglasville.
      2515 Slater Mill Rd, Douglasville, GA 30135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Outparcel for Build to Suit

      5,000 SF outparcel available in Douglasville, GA for lease.
      3000 Chapel Hill Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Kohl's Pad Site For Lease

      Prominent 0.61 acre outparcel with excellent visibility.
      2989 Chapel Hill Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Retail Space in Douglasville Corridor

      Retail space in a vibrant Douglasville shopping center.
      2983 Chapel Hill Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Warehouse Delivering Late 2025

      102,900 SF warehouse with rear load configuration, delivering late 2025.
      12051 Veterans Memorial Hwy, Douglasville, GA 30135
      View Details
    • Contact for pricing

      New Flex Warehouse Pre-Leasing

      New construction flex warehouses suitable for office and warehouse uses.
      3720 W County Line Rd, Douglasville, GA 30135
      View Details
    • Contact for pricing

      Available Warehouse Space Near Interstates

      Up to 575,000 SF available for lease or build-to-suit.
      3945 Fairburn Rd, Douglasville, GA 30135
      View Details
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    3684 Highway 5
    Douglasville, GA 30135
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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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    3684 Highway 5, Douglasville, GA, 30135
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