Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    669 Old Phoenix Rd Eatonton, GA 31024-5034

    • Strip malls
    • 2,993 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Sep 09, 2021
    $900,000
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2073529
    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

    • Chris' Neighborhood Barber Shop / Barber Shop
    • Surplus J C's / Surplus Store
    • Pulliam Law Group / Personal Injury Attorney
    • BridgestoChrist.com / Counselor

    Property Details for 669 Old Phoenix Rd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.79 lot acres
    Property size
    2,993 SF
    Zone code
    2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    103A-075
    APU
    103A075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Eatonton
    County
    Putnam
    State
    Georgia
    Longitude
    -83.2679
    Latitude
    33.419

    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
    $2,772
    $100,000
    $53,552
    $153,552
    -
    $250,000
    $133,879
    $383,879

    Comparable in this City

    • Value Estimation by Request
      6,240 SF

      130 Scott Oak Dr

      SHOPPING CENTER, STRIP CENTER • 6,240 SF
      130 Scott Oak Dr, Eatonton, GA 31024-5555
      View Details
    • Value Estimation by Request
      6,400 SF

      116 Scott Oak Dr

      SHOPPING CENTER, STRIP CENTER • 6,400 SF
      116 Scott Oak Dr, Eatonton, GA 31024-5568
      View Details
    • Value Estimation by Request
      15,400 SF

      1023-A Lk Oconee Pkwy

      SHOPPING CENTER, STRIP CENTER • 15,400 SF
      1023-A Lk Oconee Pkwy, Eatonton, GA 31024
      View Details
    • Value Estimation
      $570,000
      11,187 SF

      1116 Greensboro Rd

      SHOPPING CENTER, STRIP CENTER • 11,187 SF
      1116 Greensboro Rd, Eatonton, GA 31024-5777
      View Details
    • Value Estimation
      $1,590,000
      9,754 SF

      106 Harmony Xing

      SHOPPING CENTER, STRIP CENTER • 9,754 SF
      106 Harmony Xing, Eatonton, GA 31024-9523
      View Details
    • Value Estimation
      $825,000
      35,048 SF

      301st S Jefferson Ave

      SHOPPING CENTER, STRIP CENTER • 35,048 SF
      301st S Jefferson Ave, Eatonton, GA 31024-1129
      View Details

    Similar Nearby for Sale

    • $299,000
      4,940 SF

      Eatonton Commercial Building For Sale

      4,800+ sq ft commercial building suitable for multiple uses.
      121 Coleman Dr, Eatonton, GA 31024
      View Details
    • $4,895,000
      30,000 SF

      Watersport/RV Dealership in Lake Oconee

      Like new 30,000 SF commercial space in Eatonton, GA.
      804 Harmony Rd, Eatonton, GA 31024
      View Details
    • $350,000
      6,553 SF

      Eatonton Retail Building - $350K

      High-visibility retail space, ideal for diverse uses.
      207 Jefferson Ave, Eatonton, GA 31024
      View Details
    • $4,895,000
      30,000 SF

      Watersport/RV Dealership in Lake Oconee

      Like-new commercial space in Lake Oconee business district.
      804 Harmony Rd, Eatonton, GA 31024
      View Details
    • $299,900

      Commercial Property Near Lake Sinclair

      Fenced commercial property with showroom, office, workshop, and storage.
      651 Twin Bridges Rd, Eatonton, GA 31024
      View Details
    • $550,000
      1.00 Acre

      Eatonton Commercial Property For Sale

      Commercial property in Eatonton, GA, with diverse potential uses.
      104 Lakeview Dr, Eatonton, GA 31024
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      35,000 SF

      Eatonton Commercial Space For Lease

      2100 SF office/retail space available in Eatonton, GA.
      170 Scott Rd Unit, Eatonton, GA 31024
      View Details
    • $2,400 /Mo
      1,465 SF

      Lakefront Office Space Available

      Office space for rent with lake access and elevator.
      1129 Lk Oconee Pkwy Unit, Eatonton, GA 31024
      View Details
    • $1,850 /Mo
      924 SF

      Furnished Eatonton Office Suite

      Move-in ready, fully furnished office suite in prime Eatonton location.
      191 Sammons Pkwy, Eatonton, GA 31024
      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.
    669 Old Phoenix Rd
    Eatonton, GA 31024-5034
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.