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    Property profile & analytics

    664 Bankhead Hwy Villa Rica, GA 30180

    • Grocery and convenience stores
    • 59,234 SF
    • 7.05 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1815657
    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

    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Security Finance / Loan Service
    • Coin Cloud Bitcoin ATM / Kiosk / Atm
    • Pizza Hut / Take-out & Catering
    • Alpine Self Storage Unit / Storage Facility

    Property Details for 664 Bankhead Hwy

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    7.05 lot acres
    Property size
    59,234 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    V07-011-0004
    APU
    V070110004

    Description

    This exceptional retail investment opportunity presents a 57,584 square foot strip center located at 664 W Bankhead Hwy, Villa Rica, GA 30180, in Carroll County. The property currently features two suites, with one suite totaling 1,200 square feet immediately available for lease. This presents a unique chance to acquire a well-situated retail space in a thriving community. The existing building offers ample space for a variety of retail uses, benefiting from high visibility and convenient access from West Bankhead Highway. The property's location within Villa Rica provides access to a strong local customer base and offers significant potential for growth. The 1,200 square foot vacant suite is ready for immediate occupancy, allowing for quick implementation of business plans. This is an ideal opportunity for investors seeking a stable, income-producing asset in a growing market. The property's strategic location and the availability of a sizable vacant suite make it an attractive proposition for both established businesses and new ventures. Detailed financial information and lease terms are available upon request. Don't miss this chance to secure a prime retail space in a desirable Georgia location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,460,000
      Market price range: $3.60M - $13.0M
      AI Estimate
      $4,634,000
      Market price range: $2.68M - $11.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,390,000
      Current use
      AUTO REPAIR, GARAGE
      $9,215,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Villa Rica
    County
    Carroll
    State
    Georgia
    Longitude
    -84.9377
    Latitude
    33.729
    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
    2023
    $36,343
    $292,810
    $867,190
    $1,160,000
    -
    $732,025
    $2,167,975
    $2,900,000

    Comparable in this City

    • Value Estimation by Request
      1,232 SF

      143 Montgomery St

      CONVENIENCE STORE • 1,232 SF
      143 Montgomery St, Villa Rica, GA 30180-2708
      View Details
    • Value Estimation by Request
      1,344 SF

      15041 Veterans Memorial Hwy

      CONVENIENCE STORE • 1,344 SF
      15041 Veterans Memorial Hwy, Villa Rica, GA 30180-3270
      View Details
    • Value Estimation
      $550,000
      3,124 SF

      650 Bankhead Hwy

      CONVENIENCE STORE • 3,124 SF
      650 Bankhead Hwy, Villa Rica, GA 30180-1601
      View Details
    • Value Estimation
      $1,395,000
      5,548 SF

      701 Edge Rd

      CONVENIENCE STORE • 5,548 SF
      701 Edge Rd, Villa Rica, GA 30180-2812
      View Details
    • Value Estimation by Request
      3,058 SF

      3761 Old Villa Rica Hwy

      CONVENIENCE STORE • 3,058 SF
      3761 Old Villa Rica Hwy, Villa Rica, GA 30180
      View Details
    • Value Estimation
      $775,000
      4,440 SF

      650 61st Hwy

      CONVENIENCE STORE • 4,440 SF
      650 61st Hwy, Villa Rica, GA 30180-5038
      View Details

    Similar Nearby for Sale

    • New
      $675,000
      Pending

      Villa Rica Mixed-Use Commercial Property

      Remodeled office space with outbuildings on a one-acre lot.
      1949 Carrollton Villa Rica Hwy, Villa Rica, GA 30180
      View Details
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      Award-Winning Vineyard and Winery

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      Georgia Vineyard & Winery Estate

      Award-winning vineyard, 11.2 acres
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    • Contact for pricing
      51.77 Acres

      Prime Commercial Land, Villa Rica, GA

      51.77 Acres - Highway 78 Frontage
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      Villa Rica Commercial Land

      1.6-acre prime commercial lot, high traffic.
      100 Hickory Level Rd, Villa Rica, GA 30180
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    Similar Nearby for Lease

    • $1,900 /Mo
      11,326 SF

      Villa Rica Commercial Leasing Opportunity

      Versatile space near downtown Villa Rica suitable for office, retail.
      132 E Wilson St, Villa Rica, GA 30180
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      1,200 SF

      Villa Rica Retail Space Available

      Retail space for lease in Villa Rica Commons.
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      View Details
    • Contact for pricing
      31,498 SF

      Villa Rica Commons Retail Center

      Walmart-shadowed retail space available.
      604 Carrollton Villa Rica Hwy, Villa Rica, GA 30180
      View Details
    • Contact for pricing
      57,584 SF

      Villa Rica Retail Center Investment

      Prime Retail Space Available in Georgia
      664 Bankhead Hwy, Villa Rica, GA 30180
      View Details
    • $14 SF/Yr

      Downtown Villa Rica Office/Retail Space

      Two-story office/retail building in downtown Villa Rica with I-20 access.
      150 Stone St, Villa Rica, GA 30180
      View Details
    • Contact for pricing
      177,000 SF

      Villa Rica Industrial Space Available

      177,000 SF industrial space with outdoor storage potential.
      34 E Industrial Ct, Villa Rica, GA 30180
      View Details
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    Villa Rica, GA 30180
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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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