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    421 Town Park Blvd Evans, GA 30809
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    421 Town Park Blvd Evans, GA 30809

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    • Commercial land
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    Evans Development Opportunity: 5.1 Acres For Sale
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    5.10 Acres

    Evans Development Opportunity: 5.1 Acres

    5.1 acres of land in Evans, GA, for senior living.

    421 Town Park Blvd, Evans, GA 30809
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    Property ID
    US22-1498377
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 421 Town Park Blvd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Incredible development opportunity in Evans. Offering a total of 10 Parcels totalling 5.1+ acres of land attached with a current PUD Zoning for Senior Living. Located in a highly developed professional and medical corridor of Evans, GA, recently voted one of the Best Small Towns in America. Evans, GA is a Submarket of the Augusta, GA MSA with a population exceeding 600K and continuing to see explosive growth in population. The property offers frontage on Hereford Farm Rd, which is currently under a DOT widening project for conversion into a 4-Lane bypass that will begin at Exit 190 in Grovetown, GA and offer connection to Riverwatch Parkway, a hub of transportation into Downtown Augusta's thriving Central Business and Medical District's. Previous plans for the property include concept renderings for 48 Units in a 1-Story Memory Care facility, 60 Units in a 2-Story Assisted Living Facility and 36 Units in a 3-Story Independent Living Facility, all of which would be connected on the entire site. Town Center offers immense options and flexibility with planning and zoning for any future medical and professional uses should the current PUD Zoning not be reflective of the end user's plans. Contact Jud Conkle or Brad Merry for further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.133063
    Latitude
    33.532446

    Comparable in this City

    • Contact for pricing

      Addison Square Mixed-Use Development

      Buildable pads in a mixed-use development in Evans, Georgia.
      00 Addison Sq, Evans, GA 30809
      View Details
    • Contact for pricing

      Evans, GA Land For Sale

      0.96 acre commercial land tract in Evans, Georgia.
      253 N Belair Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Prime Corner Development Site

      11.37-acre corner site in growing Evans, Georgia.
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • $3,500,000
      4.46 Acres

      Evans, GA Commercial Land

      4.46 acres of commercial land on Washington Road.
      4688 Washington Rd, Evans, GA 30809
      View Details
    • $290,000
      1.22 Acres

      Evans, GA Land For Sale

      1.22 acre commercial land parcel in Evans, Georgia.
      245 N Belair Rd, Evans, GA 30809
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Addison Square Mixed-Use Development

      Buildable pads in a mixed-use development in Evans, Georgia.
      00 Addison Sq, Evans, GA 30809
      View Details
    • Contact for pricing

      Evans, GA Land For Sale

      0.96 acre commercial land tract in Evans, Georgia.
      253 N Belair Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Prime Corner Development Site

      11.37-acre corner site in growing Evans, Georgia.
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • $3,500,000
      4.46 Acres

      Evans, GA Commercial Land

      4.46 acres of commercial land on Washington Road.
      4688 Washington Rd, Evans, GA 30809
      View Details
    • $290,000
      1.22 Acres

      Evans, GA Land For Sale

      1.22 acre commercial land parcel in Evans, Georgia.
      245 N Belair Rd, Evans, GA 30809
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Industrial Land in Evans, GA

      Cleared vacant lot for industrial development and outdoor storage.
      683 Commerce Ct, Evans, GA 30809
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Space in Riverwood Town Center near high-traffic Washington Road.
      5119 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      1,072 SF

      Evans Office Space For Rent

      Office space available for lease in Evans, Georgia.
      629 Ronald Reagan Dr, Evans, GA 30809
      View Details
    • Contact for pricing
      41,660 SF

      Evans Warehouse with Dock Doors

      41,660 SF warehouse featuring multiple dock high doors.
      715 N Belair Rd, Evans, GA 30809
      View Details
    • $24 SF/Yr
      4,000 SF

      Evans Office Space For Rent

      Office space available for rent in Evans, Georgia.
      425 N Belair Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Retail Space in Evans Towne

      Retail space for lease in Evans Towne Centre.
      4274 Washington Rd, Evans, GA 30809
      View Details
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    Evans, GA 30809
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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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