Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    615 Patterson Rd La Fayette, GA 30728

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Patterson Rd La Fayette, GA 30728

    View on Map
    • Commercial real estate
    • 1,340 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US22-0443548
    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 real estate

    Property Details for 615 Patterson Rd

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.98 lot acres
    Property size
    1,340 SF
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    1049 021
    APU
    1049021

    Description

    This unique 1,340 square foot log structure, situated on a 0.98-acre corner lot in Lafayette, Georgia, presents a compelling investment opportunity. Previously operating as a dental practice, the building retains its dental equipment, which the seller will either leave or remove as per the buyer's preference. The property's charming character and versatile zoning (B2) offer a wide range of potential uses. The City of LaFayette Planning and Zoning department permits retail, office, general business, or multifamily development, subject to verification by prospective buyers. Its convenient location provides excellent visibility and accessibility, with frontage on Highway 136 and ample on-site parking. The property enjoys a strategic position near established businesses, including a Dialysis Center, Medical Clinic, and Lookout Mountain Community Services. This presents a rare chance to acquire a well-located, adaptable property with significant potential for redevelopment or continued use in a healthcare or commercial setting. The substantial lot size and prime location make this an attractive proposition for entrepreneurs and investors seeking a versatile space with high visibility and convenient access to major roadways. Buyers are responsible for verifying all zoning regulations and permitted uses with the City of LaFayette. The asking price is $178,000.

    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
    La Fayette
    County
    Walker
    State
    Georgia
    Longitude
    -85.2697
    Latitude
    34.7003
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-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
    $569
    $5,676
    $17,521
    $23,197
    -
    $14,190
    $43,803
    $57,993

    Comparable in this City

    • Value Estimation by Request
      16.68 Acres

      1949 Round Pond Rd

      COMMERCIAL (GENERAL) • 16.68 Acres
      1949 Round Pond Rd, La Fayette, GA 30728-6218
      View Details
    • Value Estimation by Request
      4.73 Acres

      74 Vincent Dr

      COMMERCIAL (GENERAL) • 4.73 Acres
      74 Vincent Dr, La Fayette, GA 30728-6592
      View Details
    • Value Estimation by Request
      0.84 Acres

      151 Hwy Hwy

      COMMERCIAL (GENERAL) • 0.84 Acres
      151 Hwy Hwy, La Fayette, GA 30728
      View Details
    • Value Estimation by Request
      0.17 Acres

      Chattanooga St

      COMMERCIAL (GENERAL) • 0.17 Acres
      Chattanooga St, La Fayette, GA 30728
      View Details
    • Value Estimation by Request
      9.35 Acres

      Hillsdale Rd

      COMMERCIAL (GENERAL) • 9.35 Acres
      Hillsdale Rd, La Fayette, GA 30728
      View Details
    • Value Estimation by Request
      2,263 SF

      Mccarty Rd

      COMMERCIAL (GENERAL) • 2,263 SF
      Mccarty Rd, La Fayette, GA 30728
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      LaFayette Commercial Land Opportunity

      2.35-acre commercial land with high visibility and accessibility.
      38 Jessie Dr, Lafayette, GA 30728
      View Details
    • $140,000
      9.90 Acres

      9.9 Acres Wooded Land

      9.9 acres of wooded land with mountain views.
      5723 Chamberlain Road Spur, Lafayette, GA 30728
      View Details
    • $75,000
      0.22 Acres

      LaFayette, GA Land Available

      Commercial land available in LaFayette, GA, zoned B-2.
      W Main St, Lafayette, GA 30728
      View Details
    • Contact for pricing
      20,000 SF

      High-Visibility Retail Strip Center

      Retail strip center with income potential in a growing market.
      150 Pearl Dr, Lafayette, GA 30728
      View Details
    • Contact for pricing

      Walmart Outparcels For Sale

      Two outparcels with corner exposure near Walmart.
      2625 Highway 27 N, Rock Spring, GA 30728
      View Details
    • $2,000,000

      Lafayette Industrial Portfolio For Sale

      Five industrial buildings totaling 43,960 SF on 10.72 acres.
      Cook Industrial Blvd, Lafayette, GA 30728
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail Space Near Walmart

      Large, renovated retail space with high customer exposure available for rent.
      106 Pearl Dr, Lafayette, GA 30728
      View Details
    • $1,600 /Mo

      Lafayette Industrial Space For Rent

      2800 SF industrial space with 6 roll-up doors.
      1107 South Chattanooga St, Lafayette, GA 30728
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      10,236 SF medical office space available for lease.
      615 E Villanow St, Lafayette, GA 30728
      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.
    615 Patterson Rd
    La Fayette, GA 30728
    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!