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    3796 Hwy 42nd S Locust Grove, GA 30248-3632
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    Property profile & analytics

    3796 Hwy 42nd S Locust Grove, GA 30248-3632

    View on Map
    • Drug stores
    • 3,645 SF
    • 0.76 lot acres
    Off-Market
    Last Sale Jun 5, 2024
    $1,257,000
    Property ID
    US22-0442285
    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
    $1,255,000
    Show details
    Cap Rate Potential
    4.1%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 3796 Hwy 42nd S

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    3,645 SF
    Zone code
    C2
    Property type
    Drug stores
    APN
    L01-02004000
    APU
    L0102004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,255,000
      ML approach
      $1,255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $855,000
      6.5%
      $790,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,133,000
      Market price range: $325k - $1.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.1109
    Latitude
    33.349
    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
    $9,602
    $79,680
    $185,320
    $265,000
    -
    $199,200
    $463,300
    $662,500

    Comparable in this City

    • Value Estimation
      $510,000
      3,128 SF

      3830 Hwy 42

      DRUG STORE, PHARMACY • 3,128 SF
      3830 Hwy 42, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request

      236 Cleveland St

      Individual retail properties
      236 Cleveland St, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      6,360 SF

      3840 Ga-42

      Individual retail properties • 6,360 SF
      3840 Ga-42, Locust Grove, GA 30248
      View Details
    • Value Estimation by Request
      3,344 SF

      751 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,344 SF
      751 Jackson St, Locust Grove, GA 30248-4136
      View Details
    • Value Estimation
      $1,070,000
      6,300 SF

      4663 Bill Gardner Pkwy

      CONVENIENCE STORE • 6,300 SF
      4663 Bill Gardner Pkwy, Locust Grove, GA 30248-2437
      View Details
    • Value Estimation
      $755,000
      4,329 SF

      4841 Bill Gardner Pkwy

      CONVENIENCE STORE • 4,329 SF
      4841 Bill Gardner Pkwy, Locust Grove, GA 30248-3644
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,194 SF

      Prime Corner Lot For Sale

      3.52 acre corner lot ideal for retail/office/restaurant use.
      3590 Highway 42, Locust Grove, GA 30248
      View Details
    • $130,000
      7.96 Acres

      Secluded Wooded Land in Locust Grove

      Nearly 8 acres of wooded land perfect for a retreat.
      355 Chuli Rd, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Commercial Land Ready for Development

      Commercial land with essential infrastructure in place.
      4989 Bill Gardner Pkwy, Locust Grove, GA 30248
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    • Contact for pricing
      57 SF

      57 Acres Commercial Land Available

      57 acres of commercial land with C2 zoning.
      2878 Hampton Locust Grove Rd, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Development Ready Land For Sale

      Graded land with utilities and high-income demographics.
      155 At Mcintosh Dr, Locust Grove, GA 30248
      View Details
    • $5,180,000

      25.90 Acres in Locust Grove

      25.90 acres of land for sale in Locust Grove.
      00 Hampton Locust Grove Rd, Locust Grove, GA 30248
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces and Commercial Land

      Retail spaces and commercial land available for rent.
      2642-2867 Highway 155, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      8,800 SF

      Locust Grove Retail Center - New!

      Prime Retail Space, 8,800 SF, 2 Acres
      4939 Bill Gardner Pkwy, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Retail Opportunity

      Retail space and outparcels available near Tanger Outlet Center.
      2642-2867 Highway 155, Locust Grove, GA 30248
      View Details
    • New
      $1,700 /Mo
      1,500 SF

      Locust Grove Commercial Space Available

      Corner unit suitable for office, retail, or medical use.
      3994 Highway 42, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Warehouse Space Available

      Warehouse space available for rent in Locust Grove, Georgia.
      600 Price Dr, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      903,701 SF

      Stonemont Park 75 South: Class A Warehouses

      Locust Grove, GA: New Class A industrial space.
      0 Pne Grv Rd, Locust Grove, GA 30248
      View Details
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    Locust Grove, GA 30248-3632
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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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    3796 Hwy 42nd S, Locust Grove, GA, 30248
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