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    Property profile & analytics

    395 Industrial Dr Hogansville, GA 30230-3019

    • Manufacturing properties
    • 48,400 SF
    • 24.30 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2021
    $1,990,000
    Value Estimations
    $2,565,000
    Show details
    Cap Rate Potential
    7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US22-1734984
    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

    • Conner Industries Inc / Industrial Manufacturer / Production Facility

    Property Details for 395 Industrial Dr

    Year built
    1971
    Lot size
    24.30 lot acres
    Property size
    48,400 SF
    Property type
    Manufacturing properties
    APN
    0251 000003
    APU
    251000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,080,000
      ML approach
      $2,445,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,600,000
      6.5%
      $3,320,000
      7%
      $3,085,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,205,000
      RETAIL STORES
      $3,530,000
      WAREHOUSE, STORAGE
      $2,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hogansville
    County
    Troup
    State
    Georgia
    Longitude
    -84.9128
    Latitude
    33.1539
    CBSA code
    29300
    CBSA name
    LAGRANGE, GA-AL MICROPOLITAN 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
    $27,830
    $117,200
    $672,920
    $790,120
    -
    $293,000
    $1,682,300
    $1,975,300

    Comparable in this City

    • Value Estimation
      $1,430,000
      74,076 SF

      117 Corinth Rd

      MANUFACTURING (LIGHT) • 74,076 SF
      117 Corinth Rd, Hogansville, GA 30230-1101
      View Details
    • Value Estimation by Request
      8,200 SF

      217 Trimble Sta Rd

      INDUSTRIAL (GENERAL) • 8,200 SF
      217 Trimble Sta Rd, Hogansville, GA 30230-2336
      View Details
    • Value Estimation by Request
      3.65 Acres

      American Legion Rd

      INDUSTRIAL (GENERAL) • 3.65 Acres
      American Legion Rd, Hogansville, GA 30230
      View Details
    • Value Estimation
      $9,665,000
      255,599 SF

      67 Industrial Dr

      WAREHOUSE, STORAGE • 255,599 SF
      67 Industrial Dr, Hogansville, GA 30230-3022
      View Details
    • Value Estimation by Request
      4,000 SF

      201 Us 29th Hwy

      WAREHOUSE, STORAGE • 4,000 SF
      201 Us 29th Hwy, Hogansville, GA 30230
      View Details
    • Value Estimation
      $970,000
      9,200 SF

      7504 Lone Oak Rd

      MINI-WAREHOUSE, STORAGE • 9,200 SF
      7504 Lone Oak Rd, Hogansville, GA 30230-3947
      View Details

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    • Contact for pricing

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      8,200 sq ft warehouse with four dock doors on 1 acre.
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    • $429,900
      5,346 SF

      Historic Downtown Hogansville Commercial Building

      5,346 sq ft commercial building in Hogansville's historic district.
      101-B W Main St, Hogansville, GA 30230
      View Details
    • $30,000
      0.18 Acres

      Residential Land in Hogansville, GA

      Residential land with utilities available near interstate in Hogansville.
      209 Duck Walk Way, Hogansville, GA 30230
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    • Contact for pricing
      473 SF

      473 Acres Mixed-Use Land

      473 acres with 1,168 units approved and utilities available.
      36 Hogansville Rd Us Hwy, Grantville, GA 30230
      View Details
    • $1,296,358
      59.61 Acres

      60 Acres Near I-85

      60-acre pastureland near I-85, suitable for development or custom home.
      423 Coweta Heard Rd, Hogansville, GA 30230
      View Details
    • New
      $245,000
      2,080 SF

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      205 E Main St, Hogansville, GA 30230
      View Details

    Similar Nearby for Lease

    • New
      $1,800 /Mo
      1,944 SF

      Hogansville Industrial/Retail Flex Space

      Industrial space with retail potential on Highway 29 in Hogansville.
      307 S Us Hwy 29, Hogansville, GA 30230
      View Details
    • Contact for pricing
      190,800 SF

      190,800 SF Logistics Center

      190,800 SF warehouse/distribution space available for lease/sale/build to suit.
      Lone Oak Rd, Hogansville, GA 30230
      View Details
    • Contact for pricing
      5,740 SF

      Freestanding Building Near I-85

      5,740 SF former medical building on 1 AC for rent.
      1002 Williams St, Hogansville, GA 30230
      View Details
    • Contact for pricing
      5,740 SF

      Prime Medical Office Space in Hogansville

      5,740 SF Freestanding Medical Building
      1002 Williams St, Hogansville, GA 30230
      View Details
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    Hogansville, GA 30230-3019
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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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