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

    497 Ga Hwy 119th S Springfield, GA 31329

    • Medical Office Space
    • 6,914 SF
    • 11.15 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3695402
    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

    • Medical Office Space

    Property Details for 497 Ga Hwy 119th S

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    11.15 lot acres
    Property size
    6,914 SF
    Zone code
    B-1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    S1250007
    APU
    S1250007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $840,000
      Market price range: $314k - $841k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $590,000
      Current use
      RESTAURANT
      $970,000
      Change: +64% Conversion: Difficult
      RETAIL STORES
      $720,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $605,000
      Change: +2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $550,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Effingham
    State
    Georgia
    Longitude
    -81.3208
    Latitude
    32.364
    CBSA code
    42340
    CBSA name
    SAVANNAH, 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
    $795,502
    $11,209,193
    $12,004,695
    -
    $1,988,755
    $28,022,983
    $30,011,738

    Comparable in this City

    • Value Estimation by Request
      3,290 SF

      601 Ash St

      MEDICAL BUILDING • 3,290 SF
      601 Ash St, Springfield, GA 31329-4981
      View Details
    • Value Estimation by Request
      1,845 SF

      105 Laurel St

      MEDICAL BUILDING • 1,845 SF
      105 Laurel St, Springfield, GA 31329-6804
      View Details
    • Value Estimation by Request
      3,029 SF

      Hwy 21

      MEDICAL BUILDING • 3,029 SF
      Hwy 21, Springfield, GA 31329
      View Details
    • Value Estimation
      $1,790,000
      13,036 SF

      728 Ga Hwy 119th S

      HOMES (RETIRED, NURSING) • 13,036 SF
      728 Ga Hwy 119th S, Springfield, GA 31329-3013
      View Details
    • Value Estimation by Request
      1,390 SF

      104 1st St

      OFFICE (GENERAL) • 1,390 SF
      104 1st St, Springfield, GA 31329-6822
      View Details
    • Value Estimation by Request
      3,300 SF

      106 Laurel St

      OFFICE (GENERAL) • 3,300 SF
      106 Laurel St, Springfield, GA 31329-9254
      View Details

    Similar Nearby for Sale

    • New
      $899,900
      3,882 SF

      Versatile Springfield Office/Venue Opportunity

      Two-story brick building on 2+ acres, ideal for various uses.
      2036 Ga Highway 21 S, Springfield, GA 31329
      View Details
    • Contact for pricing

      Retail/Office Space in Springfield, GA

      Professional office or retail spaces for lease in Springfield, GA.
      745 Mccall Rd, Springfield, GA 31329
      View Details
    • $1,450,000
      7.30 Acres

      Prime Land in Springfield, GA

      7.3-acre property in the heart of historic Springfield, GA.
      Laurel St, Springfield, GA 31329
      View Details
    • $295,000
      0.51 Acres

      Land in Thriving Springfield, GA

      Land suitable for multi-use townhomes in downtown Springfield, GA.
      900 Laurel St N, Springfield, GA 31329
      View Details
    • $4,399,000
      220.00 Acres

      217 Acres in Springfield, GA

      217-acre tract with development potential near Springfield, Georgia.
      Pleasant Acres Rd, Springfield, GA 31329
      View Details
    • $160,000
      5.48 Acres

      Secluded 5.48-Acre Homesite in Springfield

      Ready-to-build homesite with natural beauty and convenient location.
      1743 Shawnee Egypt Rd, Springfield, GA 31329
      View Details

    Similar Nearby for Lease

    • New
      $1,300 /Mo
      240 SF

      Professional Office Space For Lease

      Private office space in prime location near courthouse.
      712 N Laurel St, Springfield, GA 31329
      View Details
    • $1.00 SF/Yr
      21,780 SF

      Versatile Warehouse in Downtown Springfield

      6,400 sq ft warehouse with flexible space and outdoor storage.
      1216 S Laurel St, Springfield, GA 31329
      View Details
    • $3,000 /Mo
      551 SF

      Turnkey Commercial Kitchen Space

      Move-in ready, fully equipped commercial kitchen in Springfield, GA.
      105 E Jefferson St, Springfield, GA 31329
      View Details
    • Contact for pricing

      Hwy 21 & McCall Land

      Commercial land available for rent at Hwy 21 & McCall.
      Hwy 21 & Mccall Rd, Springfield, GA 31329
      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.
    497 Ga Hwy 119th S
    Springfield, GA 31329
    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!