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

    850 Prince Ave Athens, GA 30606-2764

    • Strip malls
    • 11,440 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0943277
    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

    • Jenkins Vision Care / Physician
    • Robert W. Penland, OD / Physician
    • Joel C. Jenkins, OD / Physician
    • Uniforms Unlimited / (Bike/Boat/Book/etc) Store

    Property Details for 850 Prince Ave

    Year built
    1950
    Lot size
    1.03 lot acres
    Property size
    11,440 SF
    Zone code
    C-N
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11-4-D4 C-015
    APU
    114D4C015

    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
    -83.3916
    Latitude
    33.9624
    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
    $16,222
    $273,980
    $245,115
    $519,095
    -
    $684,950
    $612,787
    $1,297,737

    Comparable in this City

    • Value Estimation by Request
      10,692 SF

      3725 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 10,692 SF
      3725 Atlanta Hwy, Athens, GA 30606-0837
      View Details
    • Value Estimation by Request
      6,735 SF

      1737 Lumpkin St

      SHOPPING CENTER, STRIP CENTER • 6,735 SF
      1737 Lumpkin St, Athens, GA 30606-4787
      View Details
    • Value Estimation by Request
      7,872 SF

      1120 Mitchell Brg Rd

      SHOPPING CENTER, STRIP CENTER • 7,872 SF
      1120 Mitchell Brg Rd, Athens, GA 30606-6410
      View Details
    • Value Estimation
      $565,000
      8,508 SF

      1660 Lumpkin St

      SHOPPING CENTER, STRIP CENTER • 8,508 SF
      1660 Lumpkin St, Athens, GA 30606-4750
      View Details
    • Value Estimation
      $1,550,000
      72,828 SF

      3565 Atlanta Hwy

      SHOPPING CENTER, STRIP CENTER • 72,828 SF
      3565 Atlanta Hwy, Athens, GA 30606-3152
      View Details
    • Value Estimation
      $715,000
      14,615 SF

      1880 Epps Brg Pkwy

      SHOPPING CENTER, STRIP CENTER • 14,615 SF
      1880 Epps Brg Pkwy, Athens, GA 30606-6167
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Prime Commercial Parcel on Atlanta Highway

      1.5-acre commercial parcel suitable for retail, restaurant, office, and more.
      3180 Atlanta Hwy, Athens, GA 30606
      View Details
    • $1,250,000
      11,000 SF

      Retail Building on Atlanta Highway

      6,000 SF showroom with 5,000 SF basement in Athens.
      4250 Atlanta Hwy, Bogart, GA 30606
      View Details
    • $1,150,000

      High-Visibility Commercial Property For Sale

      Prime location with high traffic and income potential.
      2000 Broad St, Athens, GA 30606
      View Details
    • $1,250,000
      11,000 SF

      Retail Building on Atlanta Highway

      Free-standing retail building with showroom, basement, and outside storage.
      4250 Atlanta Hwy, Athens, GA 30606
      View Details
    • Contact for pricing

      Renovated Office/Retail Suite Available

      Renovated office/retail suite near 10 loop with parking.
      8771 Macon Hwy, Athens, GA 30606
      View Details
    • $422,000
      0.49 Acres

      Land For Sale, Athens, GA

      Land available for sale in Athens, Georgia.
      104 West Lake Ct, Athens, GA 30606
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      53,579 SF

      Retail Space in Power Shopping Center

      Affordable retail leasing opportunity in a prime in-town location.
      400 Hawthorne Ave, Athens, GA 30606
      View Details
    • $13 SF/Yr
      53,579 SF

      Retail Space in Power Shopping Center

      Affordable retail leasing opportunity in a prime Athens location.
      400 Hawthorne Ave, Athens, GA 30606
      View Details
    • $13 SF/Yr
      53,579 SF

      Retail Space in Power Shopping Center

      Affordable retail leasing opportunity in a prime Athens location.
      400 Hawthorne Ave, Athens, GA 30606
      View Details
    • Contact for pricing
      2,202 SF

      Retail Space in Athens, GA

      Retail space available in a regional shopping center.
      1021 Parkway Blvd, Athens, GA 30606
      View Details
    • $850 /Mo
      600 SF

      Commercial Space in Athens, GA

      Commercial space suitable for office, service business, and retail.
      215 Tallassee - A Rd, Athens, GA 30606
      View Details
    • Contact for pricing

      Upgraded Suites in High-Traffic Location

      Retail and office suites with included utilities and janitorial services.
      2500 W Broad St, Athens, GA 30606
      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.
    850 Prince Ave
    Athens, GA 30606-2764
    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!