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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    387 Old Commerce Rd Athens, GA 30607-1063

    • Industrial properties
    • 9,000 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1357892
    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

    • Classic City Real Estate / Real Estate Agent / Property Management Company
    • Classic City Chem Dry / Carpet Cleaning Service / Upholstery Cleaning Service
    • Blackout Tint & Detail / Car Detailing Service / Auto Window Tinting Service
    • Delta Restoration Services® of West Athens/East Gwinnett / Water Damage Restoration Service
    • Athens.Fitness / Fitness Center

    Property Details for 387 Old Commerce Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    1.55 lot acres
    Property size
    9,000 SF
    Zone code
    C-G
    Property type
    Industrial properties
    APN
    15-3- -029
    APU
    153029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $203,000
      Market price range: $203k - $574k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3813
    Latitude
    33.9938
    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
    2023
    $3,718
    $35,340
    $83,626
    $118,966
    -
    $88,350
    $209,065
    $297,415

    Comparable in this City

    • Value Estimation
      $230,000
      13,750 SF

      1880 Commerce Rd

      INDUSTRIAL (GENERAL) • 13,750 SF
      1880 Commerce Rd, Athens, GA 30607-1083
      View Details
    • Value Estimation
      $270,000
      10,715 SF

      177 Newton Brg Rd

      INDUSTRIAL (GENERAL) • 10,715 SF
      177 Newton Brg Rd, Athens, GA 30607-1147
      View Details
    • Value Estimation
      $195,000
      5,000 SF

      101 Newton Brg Industri Way

      INDUSTRIAL (GENERAL) • 5,000 SF
      101 Newton Brg Industri Way, Athens, GA 30607-1342
      View Details
    • Value Estimation
      $205,000
      6,000 SF

      1685 Commerce Rd

      INDUSTRIAL (GENERAL) • 6,000 SF
      1685 Commerce Rd, Athens, GA 30607-1086
      View Details
    • Value Estimation
      $265,000
      12,000 SF

      395 Old Commerce Rd

      INDUSTRIAL (GENERAL) • 12,000 SF
      395 Old Commerce Rd, Athens, GA 30607-7000
      View Details
    • Value Estimation
      $180,000
      5,000 SF

      1120 Newton Brg Rd

      INDUSTRIAL (GENERAL) • 5,000 SF
      1120 Newton Brg Rd, Athens, GA 30607-1312
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,000 SF

      Athens Industrial Warehouse - 42,000 SF

      Prime Athens warehouse, ideal for industrial use.
      500 Dairy Pak Rd, Athens, GA 30607
      View Details
    • $350,000
      3.19 Acres

      Industrial Pad Ready For Development

      Industrial pad available for immediate development in Athens, Georgia.
      161 Pad, Athens, GA 30607
      View Details
    • $712,000
      4,000 SF

      Athens Warehouse: Prime Industrial Space

      4,000 SF Warehouse - New Construction
      161 Fritz Mar Ln, Athens, GA 30607
      View Details
    • $710,000
      4,000 SF

      New Industrial Project in Athens

      4000 sq ft industrial building for sale in Athens.
      161 Fritz Mar Ln Unit, Athens, GA 30607
      View Details
    • $250,000
      1.15 Acres

      Athens Commercial Land - 1.15 Acres

      High-traffic location, development potential.
      8137 Jefferson Rd, Athens, GA 30607
      View Details
    • $355,000
      7,200 SF

      Athens Retail Space: Prime Location

      7,200 SF Retail Building, Two Units
      161 Fritz Mar Ln, Athens, GA 30607
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      42,000 SF Industrial Warehouse

      42,000 SF warehouse with rail access in Athens, GA.
      500 Dairy Pak Rd, Athens, GA 30607
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Available for Rent

      Retail space available immediately, convenient location.
      2415 Jefferson Rd, Athens, GA 30607
      View Details
    • $22 SF/Yr
      14,929 SF

      Athens Medical Office Space for Lease

      Prime Athens location, 12,826 SF available.
      1440 Chase St, Athens, GA 30607
      View Details
    • Contact for pricing
      9,822 SF

      Holden at Oak Grove Retail Spaces

      New Retail Spaces in Athens, GA - Prime Location!
      6045 Jefferson Rd, Athens, GA 30607
      View Details
    • $1,566 /Mo
      800 SF

      Apartment Community in Athens, GA

      Apartment community with many amenities and easy access to Athens.
      180 Newton Bridge Rd, Athens, GA 30607
      View Details
    • $21 SF/Yr
      8,840 SF

      New Construction Medical Office Space

      8,840 SF customizable medical space for lease.
      5105 Jefferson Rd, Athens, GA 30607
      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.
    387 Old Commerce Rd
    Athens, GA 30607-1063
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.