Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3841 Mars Hl Rd Watkinsville, GA 30677-1570
    Back to Search
    Property profile & analytics

    3841 Mars Hl Rd, Watkinsville, GA 30677-1570

    View on Map
    • Warehouses
    • 6,600 SF
    • 4.32 lot acres
    Off-Market
    Property ID
    US22-1607043
    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
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oconee Storage Westside / Storage Facility

    Property Details for 3841 Mars Hl Rd

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    4.32 lot acres
    Zone code
    B-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    B-02-091
    APU
    B02091

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 27, 2019 — Oconee Storage-westside LLC — Deed · related $165k · Banksouth-lake Office
    Jul 1, 2016 — Oconee Storage Westside LLC — Deed · related —
    Jan 22, 2007 — Oconee Storage-westside LLC Hunter,allen A JR & Sharon L Grant Deed · related —
    — — Oconee Storage-westside LLC — Deed Of Trust · related $165k · Banksouth-lake Office
    — — Oconee Storage-westside LLC — Loan Modification · related $155k · Bank South Nat'l Assn
    — — Oconee Storage Westside LLC — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $945,000
      6.5%
      $875,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $991,000
      Market price range: $211k - $991k

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

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.5075
    Latitude
    33.9171
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $21,446
    $59,252
    $1,088,490
    $1,147,742
    -
    $148,130
    $2,721,225
    $2,869,355

    Comparable in this City

    • Value Estimation
      $5,700,000
      58,725 SF

      1006 Virgil Langford Rd

      MINI-WAREHOUSE, STORAGE
      1006 Virgil Langford Rd, Watkinsville, GA 30677-7220
      View Details
    • Value Estimation by Request
      1,500 SF

      1071 Jamestown Blvd

      MINI-WAREHOUSE, STORAGE
      1071 Jamestown Blvd, Watkinsville, GA 30677-4137
      View Details
    • Value Estimation by Request
      1,500 SF

      1071 Jamestown Blvd

      MINI-WAREHOUSE, STORAGE
      1071 Jamestown Blvd, Watkinsville, GA 30677-4137
      View Details
    • Value Estimation by Request
      4,992 SF

      6241 Macon Hwy

      MINI-WAREHOUSE, STORAGE
      6241 Macon Hwy, Watkinsville, GA 30677
      View Details
    • Value Estimation by Request
      1,500 SF

      1071 Jamestown Blvd

      MINI-WAREHOUSE, STORAGE
      1071 Jamestown Blvd, Watkinsville, GA 30677-4137
      View Details
    • Value Estimation by Request
      690 SF

      1021 Park Dr

      MINI-WAREHOUSE, STORAGE
      1021 Park Dr, Watkinsville, GA 30677-2096
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Watkinsville Flex Office/Warehouse Space

      Flex office/warehouse space with roll-up door in Watkinsville, GA.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      Pending

      New Oconee Flex/Office Park

      Versatile office and flex spaces in a growing business park.
      1052 Moreland Heights Rd, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      1,500 SF

      Watkinsville Flex Office/Warehouse Space

      Flex office/warehouse space with roll-up door in Watkinsville, GA.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • Contact for pricing

      Industrial Property in Coggins Park

      Located in West Athens with convenient highway access.
      190 Ben Burton Cir, Bogart, GA 30677
      View Details
    • Contact for pricing

      New Oconee County Professional Building

      High-quality office development in the heart of Oconee County.
      1024 12 Oaks Dr, Watkinsville, GA 30677
      View Details
    • $5,200,000

      Watkinsville Commercial Land Opportunity

      17-acre commercial land in Watkinsville, development-ready with utilities.
      1180 Greensboro Hwy, Watkinsville, GA 30677
      View Details

    Similar Nearby for Lease

    • $3,250 /Mo
      3,600 SF

      Watkinsville Commercial Space For Rent

      Office and warehouse space with highway exposure near Athens/Watkinsville.
      1320 Greensboro Hwy, Watkinsville, GA 30677
      View Details
    • Contact for pricing

      Office and Storage Space Available

      Office and storage space for lease, available immediately.
      1800 Hog Mountain Rd, Watkinsville, GA 30677
      View Details
    • $1,600 /Mo
      1,500 SF

      Watkinsville Flex Office/Warehouse Space

      Flex office/warehouse space with roll-up door in Watkinsville, GA.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • New
      $1,600 /Mo
      1,500 SF

      Watkinsville Flex Office/Warehouse Space

      Flex office/warehouse space with roll-up door in Watkinsville, GA.
      1071 Jamestown Blvd, Watkinsville, GA 30677
      View Details
    • Contact for pricing

      1052 Moreland Heights Rd, Watkinsville, GA 30677

      Flex space
      1052 Moreland Heights Rd, Watkinsville, GA 30677
      View Details
    • New
      $3,250 /Mo
      3,600 SF

      Watkinsville Commercial Space For Rent

      Office and warehouse space suitable for trades or light manufacturing.
      1320 Greensboro Hwy, Watkinsville, GA 30677
      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.
    3841 Mars Hl Rd
    Watkinsville, GA 30677-1570
    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

    Thank You for Inquiry
    3841 Mars Hl Rd, Watkinsville, GA, 30677
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!