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    Property profile & analytics

    4365 Towne Ctr Dr Evans, GA 30809-3327

    • Theaters & concert halls
    • 42,322 SF
    • 6.13 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2024
    $375,000
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0955801
    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

    • Evans Cinemas / Movie Theater

    Property Details for 4365 Towne Ctr Dr

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    6.13 lot acres
    Property size
    42,322 SF
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Theaters & concert halls
    APN
    072A193
    APU
    072A193

    Description

    This exceptional 0.48-acre commercial land parcel is ideally situated at 4365 Towne Centre Dr in Evans, Georgia, within Columbia County (zip code 30809). The property is designated for single-tenant occupancy, presenting a unique opportunity for businesses seeking a prominent location. With its convenient address and ample space, this lot offers significant potential for development. The property's location within the thriving Evans community provides easy access to major roadways, ensuring high visibility and convenient access for customers and employees. The site is zoned for commercial use, allowing for a wide range of development possibilities, from retail establishments to office spaces. This is a rare opportunity to secure a strategically located commercial lot in a rapidly growing area. The property's size and location make it an attractive investment for businesses looking to establish a strong presence in the Evans market. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is available for lease. Further details regarding zoning regulations and development possibilities are available upon request. This prime location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $375,000
      ML approach
      $375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1288
    Latitude
    33.5345
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC 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
    $56,512
    $912,100
    $1,350,916
    $2,263,016
    -
    $2,280,250
    $3,377,290
    $5,657,540

    Comparable in this City

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      $1,580,000
      11,780 SF

      4316 3rd J Rd

      COUNTRY CLUB • 11,780 SF
      4316 3rd J Rd, Evans, GA 30809-4612
      View Details
    • Value Estimation
      $580,000
      172 SF

      777 Jones Crk

      COUNTRY CLUB • 172 SF
      777 Jones Crk, Evans, GA 30809-8029
      View Details
    • Value Estimation by Request
      11.37 Acres

      3921 Evans To Locks Rd

      Land • 11.37 Acres
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      0.96 Acres

      253 Belair Rd

      Land • 0.96 Acres
      253 Belair Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      2.28 Acres

      715 Georgia Pne Trl

      Land • 2.28 Acres
      715 Georgia Pne Trl, Evans, GA 30809
      View Details
    • Value Estimation by Request
      1.93 Acres

      868 Blanchard Rd

      Land • 1.93 Acres
      868 Blanchard Rd, Evans, GA 30809
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20.51 Acres

      Evans, GA Retail Land Opportunity

      Prime 20-acre retail tract near Patriot's Park
      2207 William Few Pkwy, Evans, GA 30809
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    • $700,000
      1.10 Acres

      Evans Commercial Land - $700K

      Prime corner lot, high visibility, C-1 zoning.
      4601 Washington Rd, Evans, GA 30809
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    • $8,900,000
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      Prime Evans Commercial Land

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    • $99,999
      3.31 Acres

      Evans, GA Land Opportunity

      3.31 acres in a desirable, fast-growing community.
      203 N Belair Rd, Evans, GA 30809
      View Details
    • $2,495,000

      Prime Development Site in Evans

      11.37-acre corner site ideal for retail or specialty use.
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • $4,350,000

      Evans, GA Commercial Land

      Prime commercial land in Evans, GA with C-2 zoning.
      4410 Washington Rd, Evans, GA 30809
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      9,900 SF

      Evans Town Park Second Floor

      Second floor space at Evans Town Park available for rent.
      1202 Town Park Ln, Evans, GA 30809
      View Details
    • Contact for pricing
      4,800 SF

      Riverwood Town Center Retail Space

      High-traffic Evans, GA retail space.
      5119 Washington Rd, Evans, GA 30809
      View Details
    • $24 SF/Yr
      11,154 SF

      Evans Retail Space For Lease

      High-visibility retail space in thriving Evans, GA.
      4431 Washington Rd, Evans, GA 30809
      View Details
    • $26 SF/Yr
      1,315 SF

      New Retail Space in Evans

      Class A retail center in a thriving downtown Evans area.
      935 Ronald Reagan Dr, Evans, GA 30809
      View Details
    • $13 SF/Yr
      1,600 SF

      Evans, GA Prime Office Space

      1600 sq ft, Single Tenant, Excellent Location
      601 Belair Sq, Evans, GA 30809
      View Details
    • $20 SF/Yr
      4,440 SF

      Evans Retail or Office Space

      Retail or office space available for lease in Evans, GA.
      4446 Washington Rd, Evans, GA 30809
      View Details
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    Evans, GA 30809-3327
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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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