Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3839 Highway 42 S Locust Grove, GA 30248

    • Office Properties & Spaces
    • 1,740 SF
    • 0.07 lot acres
    For Sale
    View listing
    $370,000
    Last Sale
    Jul 01, 2024
    $270,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0355301
    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

    • Office Properties & Spaces

    Property Details for 3839 Highway 42 S

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    1,740 SF
    Zone code
    C2
    Property type
    Office Properties & Spaces
    APN
    L02-07002000
    APU
    L0207002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.1102
    Latitude
    33.3473
    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
    $2,828
    $12,000
    $68,320
    $80,320
    -
    $30,000
    $170,800
    $200,800

    Comparable in this City

    • Value Estimation
      $1,615,000
      1,166 SF

      3434 Hwy 155

      CONDOMINIUM OFFICES • 1,166 SF
      3434 Hwy 155, Locust Grove, GA 30248-3741
      View Details
    • Value Estimation
      $1,615,000
      1,200 SF

      3350 Hwy 155

      CONDOMINIUM OFFICES • 1,200 SF
      3350 Hwy 155, Locust Grove, GA 30248-3513
      View Details
    • Value Estimation
      $1,610,000
      1,300 SF

      3366 Hwy 155

      CONDOMINIUM OFFICES • 1,300 SF
      3366 Hwy 155, Locust Grove, GA 30248-3513
      View Details
    • Value Estimation by Request
      2,400 SF

      3838 Hwy 42nd S

      OFFICE (GENERAL) • 2,400 SF
      3838 Hwy 42nd S, Locust Grove, GA 30248-3633
      View Details
    • Value Estimation by Request
      2,000 SF

      3832 Hwy 42nd S

      OFFICE (GENERAL) • 2,000 SF
      3832 Hwy 42nd S, Locust Grove, GA 30248-3630
      View Details
    • Value Estimation
      $1,620,000
      2,246 SF

      3432 Hwy 155

      CONDOMINIUM OFFICES • 2,246 SF
      3432 Hwy 155, Locust Grove, GA 30248-3741
      View Details

    Similar Nearby for Sale

    • $3,850,000
      4.66 Acres

      Locust Grove Commercial Trio

      Prime Corner Lot, High Visibility
      3590 Highway 42, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      23.10 Acres

      Highway 155 Industrial Land Parcel

      Georgia industrial land, development-ready.
      155 At Mcintosh Dr, Locust Grove, GA 30248
      View Details
    • $349,300

      Locust Grove Land Opportunity

      Land available in Locust Grove, Georgia.
      121 Case Dr, Locust Grove, GA 30248
      View Details
    • $2,800,000
      71.00 Acres

      Locust Grove Land For Sale

      71 acres of land in Locust Grove, Georgia.
      Peeksville Rd, Locust Grove, GA 30248
      View Details
    • $999,900
      22.52 Acres

      Locust Grove Commercial Land

      22.52 acres of C-2 zoned land in booming area.
      Highway 155, Locust Grove, GA 30248
      View Details
    • $254,900
      23.36 Acres

      Locust Grove Land For Sale

      23.36 acres near Locust Grove with creek.
      1433 Cleveland Farm Rd, Locust Grove, GA 30248
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Locust Grove Retail Center

      New Retail Space, Prime Location
      595 Market Pl Blvd, Locust Grove, GA 30248
      View Details
    • Contact for pricing

      Locust Grove Land Opportunity

      Land available for lease in Locust Grove, Georgia.
      125 Colvin Dr, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      154,700 SF

      Locust Grove Retail Center

      Prime Retail Space, Henry County, GA
      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
      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
    • Contact for pricing
      530,000 SF

      Majestic Southern Gateway: Building #2

      530,000 SF Industrial Space for Lease
      42 And Bethlehem Rd, Locust Grove, GA 30248
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3839 Highway 42 S
    Locust Grove, GA 30248
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.