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    507 N Center St Thomaston, GA 30286

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    507 N Center St Thomaston, GA 30286

    View on Map
    • Warehouses
    • 11,482 SF
    • 0.63 lot acres
    For Sale
    $419,000
    View Listing →
    Connected Buildings on US Hwy 19 For Sale
    $419,000
    11,482 SF

    Connected Buildings on US Hwy 19

    Two connected buildings with retail and warehouse space for sale.

    507 & 509 N Center Street, Thomaston, GA 30286
    View Listing
    Property ID
    US22-2048488
    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

    • MARTINEZ PAINTING & GENERAL CONSTRUCTION, INC / General Contractor / Renovation Specialist

    Property Details for 507 N Center St

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    11,482 SF
    Zone code
    C2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    T21-059
    APU
    T21059

    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
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.3265
    Latitude
    32.8947
    CBSA code
    45580
    CBSA name
    THOMASTON, GA 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
    $1,974
    $18,388
    $52,566
    $70,954
    -
    $45,969
    $131,415
    $177,384

    Comparable in this City

    • Value Estimation by Request
      6,190 SF

      313 Adams St

      MINI-WAREHOUSE, STORAGE • 6,190 SF
      313 Adams St, Thomaston, GA 30286-3603
      View Details
    • Value Estimation by Request
      1,152 SF

      103 Barnesville St

      MINI-WAREHOUSE, STORAGE • 1,152 SF
      103 Barnesville St, Thomaston, GA 30286
      View Details
    • Value Estimation by Request
      1,780 SF

      935 Bethel St

      MINI-WAREHOUSE, STORAGE • 1,780 SF
      935 Bethel St, Thomaston, GA 30286-3126
      View Details
    • Value Estimation by Request
      9,636 SF

      498 Ctr St

      MINI-WAREHOUSE, STORAGE • 9,636 SF
      498 Ctr St, Thomaston, GA 30286-3693
      View Details
    • Value Estimation
      $670,000
      10,200 SF

      213 Gordon St

      MINI-WAREHOUSE, STORAGE • 10,200 SF
      213 Gordon St, Thomaston, GA 30286-4263
      View Details
    • Value Estimation by Request
      10,222 SF

      830 Gordon School Rd

      MINI-WAREHOUSE, STORAGE • 10,222 SF
      830 Gordon School Rd, Thomaston, GA 30286-4940
      View Details

    Similar Nearby for Sale

    • $419,000
      11,482 SF

      Connected Buildings on US Hwy 19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • New
      Contact for pricing
      1,500 SF

      Thomaston Warehouse Space For Rent

      1500 SF warehouse space available for storage in Thomaston.
      208 N Hightower St, Thomaston, GA 30286
      View Details
    • $419,000
      11,482 SF

      Thomaston Commercial Property on US-19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • Contact for pricing
      150,200 SF

      Thomaston Warehouse with Rail Access

      150,200 SF warehouse with rail and ample parking.
      100 Mcintosh Pkwy, Thomaston, GA 30286
      View Details
    • $750,000
      Pending

      Versatile Commercial Property in Thomaston, GA

      9,280 SF commercial building on 2.3 acres in Thomaston.
      2120 Highway 19 N, Thomaston, GA 30286
      View Details
    • $3,500,000
      100,000 SF

      Thomaston GA Commercial Opportunity

      30.08 acre commercial property with 101,500 SF warehouse.
      325 Goodrich Ave, Thomaston, GA 30286
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 855 N Church St.
      855 N Church St, Thomaston, GA 30286
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Thomaston, GA

      Retail space available in Walmart Supercenter shadow-anchored center.
      919-935 North Church St, Thomaston, GA 30286
      View Details
    View Listing
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    507 N Center St
    Thomaston, GA 30286
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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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