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

    638 Hwy 138th W Stockbridge, GA 30281-4251

    • Hotels
    • 73,893 SF
    • 1.87 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2022
    $17,866,700
    Value Estimations
    $13,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0503360
    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

    • Hotels

    Property Details for 638 Hwy 138th W

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.87 lot acres
    Property size
    73,893 SF
    Zone code
    C1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    012-01009002
    APU
    1201009002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,835,000
      ML approach
      $9,785,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $11,040,000
      RESTAURANT
      $8,240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockbridge
    County
    Henry
    State
    Georgia
    Longitude
    -84.2776
    Latitude
    33.5486
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, 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
    2024
    $86,555
    $293,240
    $1,926,760
    $2,220,000
    -
    $733,100
    $4,816,900
    $5,550,000

    Comparable in this City

    • Value Estimation
      $4,500,000
      20,450 SF

      1451 Hudson Brg Rd

      HOTEL/MOTEL • 20,450 SF
      1451 Hudson Brg Rd, Stockbridge, GA 30281-5017
      View Details
    • Value Estimation
      $850,000
      31,132 SF

      195 Country Clb Dr

      HOTEL/MOTEL • 31,132 SF
      195 Country Clb Dr, Stockbridge, GA 30281-7348
      View Details
    • Value Estimation
      $1,255,000
      63,349 SF

      825 Hwy 138th W

      HOTEL/MOTEL • 63,349 SF
      825 Hwy 138th W, Stockbridge, GA 30281-4261
      View Details
    • Value Estimation
      $805,000
      43,776 SF

      2725 Patrick Henry Pkwy

      HOTEL/MOTEL • 43,776 SF
      2725 Patrick Henry Pkwy, Stockbridge, GA 30281-9108
      View Details
    • Value Estimation
      $3,320,000
      39,300 SF

      619 Hwy 138th W

      HOTEL/MOTEL • 39,300 SF
      619 Hwy 138th W, Stockbridge, GA 30281-4250
      View Details
    • Value Estimation
      $12,040,000
      37,536 SF

      170 Country Clb Dr

      HOTEL/MOTEL • 37,536 SF
      170 Country Clb Dr, Stockbridge, GA 30281-7344
      View Details

    Similar Nearby for Sale

    • $1,300,000
      3.12 Acres

      Stockbridge Land: 3.12 Acres

      Prime Henry County land, ideal for business.
      0 Rock Quarry Rd, Stockbridge, GA 30281
      View Details
    • $725,000
      40.00 Acres

      Stockbridge Commercial Land - 40 Acres

      Prime Development Site, 40 Acres, Highway Frontage
      0 Ac's +/- Hwy, Stockbridge, GA 30281
      View Details
    • $515,000
      3.11 Acres

      Stockbridge Residential Land

      3.11 Acres, Prime Location, $515,000
      1256 Jodeco Rd, Stockbridge, GA 30281
      View Details
    • $2,500,000
      28.00 Acres

      Prime Stockbridge Land - 28 Acres

      28 acres, residential zoning, redevelopment potential.
      152 Mill Rd, Stockbridge, GA 30281
      View Details
    • $1,300,000
      2.00 Acres

      Prime 2-Acre Eagles Landing Land

      High-traffic location, liquor store approved.
      0 Killearn Blvd, Stockbridge, GA 30281
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    • $2,599,900
      10,112 SF

      Stockbridge Commercial Gem

      Turnkey Sports Bar & Restaurant
      5425 Henry Blvd, Stockbridge, GA 30281
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    Similar Nearby for Lease

    • $21 SF/Yr
      16,800 SF

      Eagle's Landing Office Suites

      Prime Stockbridge Office Space Available
      1060 Eagles Landing Pkwy, Stockbridge, GA 30281
      View Details
    • $19 SF/Yr
      1,000 SF

      Executive Office Space, Stockbridge GA

      Prime Office Suite, 1,000 sq ft, 18 parking spaces
      4460 Walt Stephens Rd, Stockbridge, GA 30281
      View Details
    • Contact for pricing

      Land For Rent Stockbridge

      Land available for rent in Stockbridge, Georgia.
      1028 Highway 138, Stockbridge, GA 30281
      View Details
    • New
      $7,933 /Mo
      5,600 SF

      Stockbridge Retail End Cap Space

      5,600 SF retail space in Stockbridge Walk retail center.
      5248 N Henry Blvd, Stockbridge, GA 30281
      View Details
    • $1,200 /Mo
      3,015 SF

      Stockbridge Commercial Office Space Available

      Commercial office space for rent in Stockbridge, Georgia.
      4460 Walt Stephens Rd, Stockbridge, GA 30281
      View Details
    • $20 SF/Yr
      14,907 SF

      Prime Medical Office Space in Stockbridge

      1,902 SF Available, Class B, 55 Parking Spaces
      115-131 Park Trl, Stockbridge, GA 30281
      View Details
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    638 Hwy 138th W
    Stockbridge, GA 30281-4251
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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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