Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    775 Olympic Dr Athens, GA 30601
    Back to Search
    Property profile & analytics

    775 Olympic Dr, Athens, GA 30601

    View on Map
    • Industrial land
    • 37.84 lot acres
    For Sale
    $50,000
    View Listing →
    Industrial Land in Athena Park For Sale
    $50,000

    Industrial Land in Athena Park

    Industrial land with heavy zoning and easy highway access.

    775 Olympic Drive, Athens, GA 30601
    View Listing
    Property ID
    US22-1052633
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 775 Olympic Dr

    Lot size
    37.84 lot acres
    Zone code
    I
    Property type
    Industrial land
    APN
    22-3- -001
    APU
    223001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 26, 2022 $2,198,560 Athena Studios II LLC Stone Mountain Industrial Park INC Limited Warranty Deed —
    Oct 4, 2021 $1,774,840 Athena Studios I LLC Stone Mountain Industrial Park INC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.34
    Latitude
    33.971
    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
    $18,920
    $605,440
    $0.00
    $605,440
    -
    $1,513,600
    $0.00
    $1,513,600

    Comparable in this City

    • Value Estimation by Request
      41.77 Acres

      Voyles Rd

      INDUSTRIAL - VACANT LAND
      Voyles Rd, Athens, GA 30601
      View Details
    • Value Estimation by Request
      1.96 Acres

      675 Pulaski St Ste, Unit 2300

      INDUSTRIAL - VACANT LAND
      675 Pulaski St Ste, Athens, GA 30601-2386
      View Details
    • Value Estimation by Request
      46.84 Acres

      505 Olympic Dr

      INDUSTRIAL - VACANT LAND
      505 Olympic Dr, Athens, GA 30601-1628
      View Details
    • Value Estimation by Request
      16.64 Acres

      515 Olympic Dr

      INDUSTRIAL - VACANT LAND
      515 Olympic Dr, Athens, GA 30601-1628
      View Details
    • Value Estimation by Request
      0.63 Acres

      1075 Hull Rd

      INDUSTRIAL - VACANT LAND
      1075 Hull Rd, Athens, GA 30601-3919
      View Details
    • Value Estimation by Request
      48.65 Acres

      200 Anderson Ln

      INDUSTRIAL - VACANT LAND
      200 Anderson Ln, Athens, GA 30601
      View Details

    Similar Nearby for Sale

    • $50,000

      Industrial Land in Athena Park

      Industrial land with heavy zoning and easy highway access.
      775 Olympic Dr, Athens, GA 30601
      View Details
    • $650,000

      Prime Industrial Lots in Athens

      Four industrial lots totaling under 12 acres near Loop 10.
      165 Maxey Blvd, Athens, GA 30601
      View Details
    • Contact for pricing
      Pending

      Industrial Land Near Highway 29

      Industrial land with highway access and available utilities.
      320 Old Hull Rd, Athens, GA 30601
      View Details
    • Contact for pricing

      Industrial Land Near Loop 10

      Industrial land zoned for heavy industry, near major employers.
      Olympic Dr, Athens, GA 30601
      View Details
    • Contact for pricing

      Athena Industrial Park Land Opportunity

      Land in Athena Industrial Park with highway access and subdivision potential.
      455 Pittard Rd, Athens, GA 30601
      View Details
    • $650,000
      Pending

      Prime Industrial Lots in Athens

      Four industrial lots totaling nearly 12 acres in Athens, GA.
      165 Maxey Blvd, Athens, GA 30601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Pad Site For Lease

      5,000 SF retail pad site available for ground lease.
      700 Highway 29, Athens, GA 30601
      View Details
    • Contact for pricing

      Land for Lease in Athens

      Land available for lease at 1045 Hull Rd, Athens, GA.
      1045 Hull Rd, Athens, GA 30601
      View Details
    • $1,100 /Mo

      Retail Kiosk in Student District

      200 SF kiosk in vibrant student-housing community for lease.
      175 Tracy St, Athens, GA 30601
      View Details
    • Contact for pricing
      3,210 SF

      Downtown Athens Office Space

      Office space for rent in downtown Athens' Prince Avenue Corridor.
      223 Prince Ave, Athens, GA 30601
      View Details
    • Contact for pricing

      Prime Location Near UGA Campus

      Office, retail, or restaurant space near UGA and downtown.
      600 N Thomas St, Athens, GA 30601
      View Details
    • Contact for pricing

      Downtown Athens Turn-Key Restaurant Space

      2,970 SF turn-key restaurant space in the heart of Athens.
      233 E Clayton St, Athens, GA 30601
      View Details
    View Listing
    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.
    775 Olympic Dr
    Athens, GA 30601
    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

    Thank You for Inquiry
    775 Olympic Dr, Athens, GA, 30601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!