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

    691 Price Dr Locust Grove, GA 30248-2917

    • Warehouses
    • 8,680 SF
    • 7.32 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0963322
    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

    • Sheets Construction Co / Construction Company / General Contractor

    Property Details for 691 Price Dr

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    7.32 lot acres
    Property size
    8,680 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    112-01016005
    APU
    11201016005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $836,000
      Market price range: $458k - $1.12M
      AI Estimate
      $464,000
      Market price range: $233k - $657k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $740,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.1307
    Latitude
    33.361
    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
    $9,567
    $112,040
    $163,400
    $275,440
    -
    $280,100
    $408,500
    $688,600

    Comparable in this City

    • Value Estimation by Request

      236 Cleveland St

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      236 Cleveland St, Locust Grove, GA 30248
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    • Value Estimation
      $1,810,000
      10,000 SF

      205 Cleveland St

      WAREHOUSE, STORAGE • 10,000 SF
      205 Cleveland St, Locust Grove, GA 30248-3764
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    • Value Estimation by Request
      5,150 SF

      117 Bethlehem Rd

      WAREHOUSE, STORAGE • 5,150 SF
      117 Bethlehem Rd, Locust Grove, GA 30248-2505
      View Details
    • Value Estimation
      $1,035,000
      9,772 SF

      245 Walker Xing

      WAREHOUSE, STORAGE • 9,772 SF
      245 Walker Xing, Locust Grove, GA 30248-4620
      View Details
    • Value Estimation
      $595,000
      16.25 Acres

      375 Davis Lk Rd

      WAREHOUSE, STORAGE • 16.25 Acres
      375 Davis Lk Rd, Locust Grove, GA 30248-3010
      View Details
    • Value Estimation
      $960,000
      82,791 SF

      3040 Bill Gardner Pkwy

      MINI-WAREHOUSE, STORAGE • 82,791 SF
      3040 Bill Gardner Pkwy, Locust Grove, GA 30248-2499
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $975,000
      9.75 Acres

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      Prime Commercial Land, I-75 Access
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      Development Site on I-75

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      29.29 Acres

      Locust Grove Land For Sale

      29.29 acres in Henry County, ideal for homesteading and recreation.
      1430 Cleveland Farm Rd, Locust Grove, GA 30248
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    • $159,000
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      Locust Grove Multi-Family Portfolio

      Six fully leased properties in prime Georgia locations.
      322 Loblolly Ridge Rd, Locust Grove, GA 30248
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    • $325,000
      2.81 Acres

      Locust Grove Commercial Land Available

      2.813 acres of commercial/industrial land with highway and railway frontage.
      42 Unit 2+ Acres, Locust Grove, GA 30248
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    Similar Nearby for Lease

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      Locust Grove Land Opportunity

      Land available for lease in Locust Grove, Georgia.
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      903,701 SF

      Stonemont Park 75 South: Class A Warehouses

      Locust Grove, GA: New Class A industrial space.
      0 Pne Grv Rd, Locust Grove, GA 30248
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      530,000 SF

      Majestic Southern Gateway: Building #2

      530,000 SF Industrial Space for Lease
      42 And Bethlehem Rd, Locust Grove, GA 30248
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    • Contact for pricing

      Industrial Space Sublease Opportunity

      Modern industrial facility with versatile space and excellent highway visibility.
      700 Price Dr, Locust Grove, GA 30248
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    • Contact for pricing
      5,000 SF

      Locust Grove Retail Center

      New Retail Space, Prime Location
      595 Market Pl Blvd, Locust Grove, GA 30248
      View Details
    • Contact for pricing
      8,800 SF

      Locust Grove Retail Center - New!

      Prime Retail Space, 8,800 SF, 2 Acres
      4939 Bill Gardner Pkwy, Locust Grove, GA 30248
      View Details
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    Locust Grove, GA 30248-2917
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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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