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    660 Mullins Colony Dr Evans, GA 30809-0579
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    Property profile & analytics

    660 Mullins Colony Dr, Evans, GA 30809-0579

    View on Map
    • Retail space
    • 21,037 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Feb 10, 2022
    $1,350,000
    Property ID
    US22-0277814
    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
    $1,525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 660 Mullins Colony Dr

    Year built
    2022
    Lot size
    0.60 lot acres
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Retail space
    APN
    078 138N
    APU
    078138N

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,670,000
      ML approach
      $1,595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,672,000
      Market price range: $653k - $3.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1204
    Latitude
    33.5303
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC 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
    $33,233
    $218,883
    $1,111,910
    $1,330,793
    -
    $547,207
    $2,779,775
    $3,326,982

    Comparable in this City

    • Value Estimation by Request
      920 SF

      4545 Cox Rd

      RETAIL STORES (PERSONAL SERVICES)
      4545 Cox Rd, Evans, GA 30809-3403
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    • Value Estimation
      $745,000
      4,263 SF

      4312 Washington Rd

      RETAIL STORES (PERSONAL SERVICES)
      4312 Washington Rd, Evans, GA 30809-3957
      View Details
    • Value Estimation
      $1,145,000
      8,000 SF

      4405 Evans To Lcks Rd

      RETAIL STORES (PERSONAL SERVICES)
      4405 Evans To Lcks Rd, Evans, GA 30809-3603
      View Details
    • Value Estimation
      $2,010,000
      7,569 SF

      4475 Washington Rd

      RETAIL STORES (PERSONAL SERVICES)
      4475 Washington Rd, Evans, GA 30809-3807
      View Details
    • Value Estimation by Request
      560 SF

      398 Town Park Blvd

      RETAIL STORES (PERSONAL SERVICES)
      398 Town Park Blvd, Evans, GA 30809-3518
      View Details
    • Value Estimation
      $845,000
      9,000 SF

      801 Industrial Park Dr

      RETAIL STORES (PERSONAL SERVICES)
      801 Industrial Park Dr, Evans, GA 30809-3678
      View Details

    Similar Nearby for Sale

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      NNN Investment Opportunity in Evans

      Sale-leaseback ground lease with zero landlord responsibilities and strong lease terms.
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      Addison Square Mixed-Use Development

      Buildable pads in a mixed-use development in Evans, Georgia.
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      22,973 SF

      New Evans, GA Retail Property

      New retail property in Evans, GA with long-term lease.
      4687 Washington Rd, Evans, GA 30809
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    • $8,900,000
      10.29 Acres

      Prime Evans Commercial Land

      High-traffic Washington Road, Development Ready
      4100 Washington Rd, Evans, GA 30809
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      5,086 SF

      Evans GA Duplex Portfolio

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Anchored by Publix

      Retail space available in Evans, GA, anchored by Publix.
      4272 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      9,900 SF

      Evans Town Park Second Floor

      Second floor space at Evans Town Park available for rent.
      1202 Town Park Ln, Evans, GA 30809
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    • Contact for pricing
      1,500 SF

      Retail Space in Pheasant Run

      1500 SF retail space with great visibility.
      4336 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      4,440 SF

      Evans Retail or Office Space

      Retail or office space available for lease in Evans, GA.
      4446 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Evans, GA

      Retail space available, anchored by Belk Department Store.
      610-630 Mullins Colony Dr, Evans, GA 30809
      View Details
    • Contact for pricing
      1,415 SF

      Retail Space in Evans Crossing

      Established shopping center with Kroger anchor and move-in ready space.
      4355 Washington Rd, Evans, GA 30809
      View Details
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    Evans, GA 30809-0579
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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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