Add Listing
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

    723 Baxter St Athens, GA 30605-1109

    • Strip malls
    • 8,115 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1362942
    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

    • Physio - Athens / Medical Clinic
    • Twin Lakes Intensive Outpatient Facility / Medical Clinic
    • Bulldog Fine Cigars Vape & Tobacco / (Bike/Boat/Book/etc) Store

    Property Details for 723 Baxter St

    Year built
    1989
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    8,115 SF
    Zone code
    C-G
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    17-1-C1 G-001
    APU
    171C1G001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.3852
    Latitude
    33.9494
    CBSA code
    12020
    CBSA name
    ATHENS-CLARKE COUNTY, 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
    $23,469
    $93,308
    $657,701
    $751,009
    -
    $233,270
    $1,644,253
    $1,877,523

    Comparable in this City

    • Value Estimation by Request
      3,770 SF

      1591 Lumpkin St

      SHOPPING CENTER, STRIP CENTER • 3,770 SF
      1591 Lumpkin St, Athens, GA 30605-6727
      View Details
    • Value Estimation by Request
      5,120 SF

      529 Baxter St

      SHOPPING CENTER, STRIP CENTER • 5,120 SF
      529 Baxter St, Athens, GA 30605-1105
      View Details
    • Value Estimation by Request
      4,800 SF

      496 Baxter St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      496 Baxter St, Athens, GA 30605-1104
      View Details
    • Value Estimation by Request
      6,600 SF

      645 Winterville Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      645 Winterville Rd, Athens, GA 30605-2068
      View Details
    • Value Estimation by Request
      3,386 SF

      2024 Milledge Ave

      SHOPPING CENTER, STRIP CENTER • 3,386 SF
      2024 Milledge Ave, Athens, GA 30605-1662
      View Details
    • Value Estimation
      $820,000
      26,887 SF

      855 Gaines School Rd

      SHOPPING CENTER, STRIP CENTER • 26,887 SF
      855 Gaines School Rd, Athens, GA 30605-3209
      View Details

    Similar Nearby for Sale

    • $1,250,000
      6,000 SF

      Corner Lot with Redevelopment Potential

      High-visibility corner lot suitable for redevelopment or business use.
      165 Spring Valley Rd, Athens, GA 30605
      View Details
    • Contact for pricing

      Tailgating Lot Near UGA Stadium

      Tailgating lot 0.7 miles from Sanford Stadium.
      225 Oak St, Athens, GA 30605
      View Details
    • $360,000

      Turnkey Commercial Building on Eastside

      Renovated 1,302 SF building with high visibility and parking.
      710 Gaines School Rd, Athens, GA 30605
      View Details
    • $7,800,000
      21,824 SF

      Historic District Office Building For Sale

      Two-story office building in the Milledge Avenue Historic District.
      337 S Milledge Ave, Athens, GA 30605
      View Details
    • Contact for pricing

      Tailgating Space Near UGA Stadium

      Deeded tailgating space near Sanford Stadium with game day amenities.
      225 Oak St, Athens, GA 30605
      View Details
    • $1,250,000

      High-Visibility Corner Commercial Property

      Versatile commercial property with high traffic and redevelopment potential.
      165 Spring Valley Rd, Athens, GA 30605
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      2,865 SF

      New Commercial Space on Oconee

      New 2,865 SF commercial space for lease in Athens, GA.
      1280 Oconee St, Athens, GA 30605
      View Details
    • Contact for pricing

      Freestanding Building with Drive Thru

      Highly visible freestanding building with drive-thru in front of Walmart.
      4365 Lexington Rd, Athens, GA 30605
      View Details
    • Contact for pricing

      Retail Space Co-Tenancy Opportunity

      Retail space available for rent, co-tenant with Dollar General.
      1225 Cedar Shoals Dr, Athens, GA 30605
      View Details
    • Contact for pricing
      1,293 SF

      Retail and Apartment Building Space

      Commercial space and apartments near University of Georgia.
      394 S Milledge Ave, Athens, GA 30605
      View Details
    • Contact for pricing
      1,620 SF

      Retail Space in Athens, GA

      Retail space available for lease in Athens, Georgia.
      1860 Barnett Shoals Rd, Athens, GA 30605
      View Details
    • $25 SF/Yr
      3,903 SF

      New Commercial Space on Oconee

      New energy-efficient commercial space in a dynamic, mixed-use area.
      1280 Oconee St, Athens, GA 30605
      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.
    723 Baxter St
    Athens, GA 30605-1109
    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.
    Sign Up Successful!
    You now have access to more from Realmo!