Add Listing
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

    392 Washington St Madison, GA 30650-1213

    • Retail space
    • 3,032 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Dec 08, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3571666
    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

    • Retail space

    Property Details for 392 Washington St

    Year built
    1954
    Lot size
    0.33 lot acres
    Property size
    3,032 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    M08 045
    APU
    M08045

    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
    Madison
    County
    Morgan
    State
    Georgia
    Longitude
    -83.4717
    Latitude
    33.599
    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
    2023
    $0.00
    $34,000
    $81,239
    $115,239
    -
    $85,000
    $203,098
    $288,098

    Comparable in this City

    • Value Estimation by Request
      800 SF

      224 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      224 Washington St, Madison, GA 30650-1210
      View Details
    • Value Estimation by Request
      7,820 SF

      271 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 7,820 SF
      271 Washington St, Madison, GA 30650-1251
      View Details
    • Value Estimation by Request
      9,322 SF

      1211 Atlanta Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,322 SF
      1211 Atlanta Hwy, Madison, GA 30650-2066
      View Details
    • Value Estimation
      $905,000
      7,134 SF

      1361 Eatonton Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,134 SF
      1361 Eatonton Rd, Madison, GA 30650-2019
      View Details
    • Value Estimation by Request
      2,415 SF

      130 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,415 SF
      130 Washington St, Madison, GA 30650-1216
      View Details
    • Value Estimation by Request
      1,144 SF

      125 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 1,144 SF
      125 Washington St, Madison, GA 30650-1222
      View Details

    Similar Nearby for Sale

    • $2,193,880
      7,830 SF

      Truist Bank - Madison, GA

      Net-leased bank, strong tenant, great ROI.
      286 Hancock St, Madison, GA 30650
      View Details
    • New
      $299,900
      1,080 SF

      Retail Opportunity in Madison, GA

      General store with kitchen space and included coolers.
      4420 Buckhead Rd, Madison, GA 30650
      View Details
    • $9,206,906
      63,089 SF

      Madison Crossing Shopping Center

      High-Yield Retail Investment in GA
      1700 Eatonton Rd, Madison, GA 30650
      View Details
    • Contact for pricing
      36,100 SF

      Madison Industrial Property For Sale

      36,100 square foot industrial property in Madison, Georgia.
      100 Amtico Rd, Madison, GA 30650
      View Details
    • $324,900
      15.74 Acres

      Madison, GA Estate Lot

      15.739 acre estate lot near downtown Madison.
      Wallace Rd, Madison, GA 30650
      View Details
    • $1,295,000
      120.00 Acres

      120+/- Acres with Pond

      Land with pond, timber, and recreational opportunities near Madison, GA.
      4318 Hestertown Rd, Madison, GA 30650
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,813 SF

      Former Retail Building Near I-20

      Former Rite Aid building near Chick-Fil-A, Walmart, and I-20.
      1770 Eatonton Rd, Madison, GA 30650
      View Details
    • $4,000 /Mo
      4,324 SF

      Downtown Madison Live-Work Space

      Circa 1895 mixed-use property in downtown Madison for rent.
      270 S Main St, Madison, GA 30650
      View Details
    • $750 /Mo
      1,198,336 SF

      Office Suites in Madison, GA

      Cost-effective office solutions for professionals and small businesses.
      1140 Monticello Hwy, Madison, GA 30650
      View Details
    • $100 SF/Yr
      871 SF

      Flexible Workspace in Madison, Georgia

      Dynamic coworking space fostering collaboration and growth for professionals.
      207 W Jefferson St, Madison, GA 30650
      View Details
    • $1,650 /Mo
      1,080 SF

      Madison Office Suite For Rent

      Office suite near I-20 with flexible layout.
      2151 Eatonton Rd, Madison, GA 30650
      View Details
    • $1,985 /Mo
      1,512 SF

      Move-in Ready Office Space

      Office space available for rent in Madison, Georgia.
      2151 Eatonton Rd Unit, Madison, GA 30650
      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.
    392 Washington St
    Madison, GA 30650-1213
    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.
    Sign Up Successful!
    You now have access to more from Realmo!