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    555 Hannahs Ml Rd Thomaston, GA 30286-2820
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    Property profile & analytics

    555 Hannahs Ml Rd, Thomaston, GA 30286-2820

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    • Specialty properties
    • 4,566 SF
    • 3.33 lot acres
    Off-Market
    Last Sale Nov 29, 2023
    $595,000
    Property ID
    US22-1043894
    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
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hannah's Mill Animal Hospital / Veterinary Clinic
    • Rozell Tori G DVM / Veterinary Clinic

    Property Details for 555 Hannahs Ml Rd

    Year built
    1990
    Construction
    WOOD
    Lot size
    3.33 lot acres
    Zone code
    C2
    Property type
    Specialty properties
    APN
    T09-001
    APU
    T09001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2024 — Above Par Properties LLC — Deed · related $367k · Statewide Mortgage
    Nov 29, 2023 $595,000 Crawford Family Holdings LLC Crawford Family Holdings LLC Quit Claim Deed —
    Dec 7, 2022 $595,000 Crawford Family Holdings LLC Curtis L Crawford Warranty Deed $595k · Crawford Curtis L
    Jan 12, 2022 $31,500 David A Chastain Above Par Properties LLC Warranty Deed —
    Jan 12, 2022 — David A Chastain David A Chastain Warranty Deed · related —
    Jan 12, 2022 $41,000 Robert Burbrink Above Par Properties LLC Deed $21k · United Bank
    Jan 12, 2022 $37,000 David A Chastain Above Par Properties LLC Warranty Deed —
    Sep 4, 2020 — Above Par Properties LLC Hickman Family Holdings LLC Warranty Deed · related —
    May 9, 2019 $1,400 Hickman Family Holdings LLC Adams Peter C Grant Deed · related —
    May 9, 2019 $186,800 Hickman Family Holdings LLC Gobeil,elizabeth D Warranty Deed · related —
    May 9, 2019 $2,800 Hickman Family Holdings LLC Adams,martha H & James A SR Warranty Deed · related $460k · United Bk
    May 9, 2019 $30,500 Hickman Family Holdings LLC Adams,claire Warranty Deed · related —
    Feb 7, 2019 $1,300 Heather N Berkey Adams,reid W Warranty Deed · related —
    Feb 7, 2019 $2,000 Heather N Berkey Holliman,john E Warranty Deed · related —
    Feb 7, 2019 $2,500 Heather N Berkey Synovus Trust Co NA Grant Deed · related —
    Feb 7, 2019 — Heather N Berkey Adams,martha H & James A SR Warranty Deed · related —
    Feb 7, 2019 $7,700 Heather N Berkey Gobeil,elizabeth D Warranty Deed —
    Feb 7, 2019 $5,800 Heather N Berkey Holliman,max T Warranty Deed —
    Feb 15, 2018 — Curtis L Crawford — Deed · related $650k · Southcrest Bank
    Sep 6, 2017 — Curtis L Crawford Adams Peter C Grant Deed · related —
    Sep 6, 2017 $25,000 Curtis L Crawford Holliman,max T & John E Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $590,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $525,000
      OFFICE BUILDING
      $485,000
      AUTO REPAIR, GARAGE
      $480,000
      RETAIL STORES
      $400,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.3445
    Latitude
    32.907
    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
    $4,617
    $39,283
    $136,988
    $176,271
    -
    $98,207
    $342,471
    $440,678

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      R St

      CHARITABLE ORGANIZATION
      R St, Thomaston, GA 30286
      View Details
    • Value Estimation by Request
      2,400 SF

      68 Atwater Rd

      KENNEL
      68 Atwater Rd, Thomaston, GA 30286-1200
      View Details
    • Value Estimation by Request
      12,086 SF

      321 Hannahs Ml Rd

      CREMATORIUM, MORTUARY
      321 Hannahs Ml Rd, Thomaston, GA 30286-2808
      View Details
    • Value Estimation by Request
      0.55 Acres

      407 Bethel St

      CHARITABLE ORGANIZATION
      407 Bethel St, Thomaston, GA 30286
      View Details
    • Value Estimation by Request
      0.15 Acres

      Bethel St

      CHARITABLE ORGANIZATION
      Bethel St, Thomaston, GA 30286
      View Details
    • Value Estimation by Request
      4,130 SF

      639 Old Talbotton Rd

      CREMATORIUM, MORTUARY
      639 Old Talbotton Rd, Thomaston, GA 30286-4675
      View Details

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      20-acre tract perfect for homestead, hunting, or investment.
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      103 acres of M-1 zoned land for sale.
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    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
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    • Contact for pricing
      1,200 SF

      Retail Space in Thomaston, GA

      Retail space available in Walmart Supercenter shadow-anchored center.
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      View Details
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    Thomaston, GA 30286-2820
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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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