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    855 N Church St Thomaston, GA 30286
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    Property profile & analytics

    855 N Church St, Thomaston, GA 30286

    View on Map
    • Outlet malls
    • 174,343 SF
    • 18.48 lot acres
    For Lease
    $19,350,000
    View Listing →
    Retail Space Available For Lease For Lease
    $19,350,000

    Retail Space Available For Lease

    Retail space for lease at 855 N Church St.

    855 N Church St, Thomaston, GA 30286
    View Listing
    Property ID
    US22-1109764
    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

    • Walmart Vision & Glasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Regal Nails / Nail Salon
    • Subway / Take-out & Catering
    • Walmart Money Center / Check Cashing
    • H&R Block / Tax Preparation

    Property Details for 855 N Church St

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    18.48 lot acres
    Zone code
    C2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    T18-180
    APU
    T18180

    Description

    This exceptional retail property, located at 855 N Church St in Thomaston, Georgia, offers 12,000 square feet of versatile commercial space for lease. The property is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual units. The building allows for flexible configurations, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 4,000 square feet. Five individual spaces are available, making it ideal for a variety of retail businesses seeking a prominent location in Upson County. The property's address is 855 N Church St, Thomaston, GA 30286. This prime location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property is categorized as a multi-tenant retail building, providing a diverse and vibrant atmosphere. With its ample square footage and flexible lease options, this Thomaston retail center is an excellent investment opportunity for businesses looking to establish or expand their presence in a thriving community. Contact us today to learn more about leasing opportunities and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $20,330,000
      Market price range: $7.65M - $24.4M
      AI Estimate
      $18,371,000
      Market price range: $7.03M - $21.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,905,000
      Current use
      OFFICE BUILDING
      $13,830,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.3331
    Latitude
    32.9126
    CBSA code
    45580
    CBSA name
    THOMASTON, GA MICROPOLITAN 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
    $91,801
    $1,157,938
    $2,142,348
    $3,300,286
    -
    $2,894,844
    $5,355,871
    $8,250,715

    Comparable in this City

    • Value Estimation
      $1,200,000
      9,100 SF

      217 Main St

      WHOLESALE OUTLET, DISCOUNT STORE
      217 Main St, Thomaston, GA 30286-4110
      View Details
    • Value Estimation
      $955,000
      7,706 SF

      3291 Barnesville Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      3291 Barnesville Hwy, Thomaston, GA 30286-1510
      View Details
    • Value Estimation
      $1,175,000
      8,912 SF

      1749 Hwy 19th N

      WHOLESALE OUTLET, DISCOUNT STORE
      1749 Hwy 19th N, Thomaston, GA 30286-1968
      View Details
    • Value Estimation by Request
      2,056 SF

      3101 Crst Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      3101 Crst Hwy, Thomaston, GA 30286-2634
      View Details
    • Value Estimation
      $800,000
      125,647 SF

      1093 Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      1093 Hwy 19th N, Thomaston, GA 30286-2230
      View Details
    • Value Estimation by Request
      12,426 SF

      1110 Hwy 19th N

      SHOPPING CENTER, STRIP CENTER
      1110 Hwy 19th N, Thomaston, GA 30286-2288
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,482 SF

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      Two connected buildings with retail and warehouse space for sale.
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      View Details
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      Thomaston Commercial Building For Sale

      Charming 1,740 sq ft building with excellent potential.
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      Thomaston Commercial Building on Highway

      Commercial building on Highway 19 in Thomaston, Georgia.
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      View Details
    • $299,000
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      Thomaston Commercial Building For Sale

      Versatile 2,848 SF commercial building with ample parking.
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    • $579,900
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      Thomaston Commercial Opportunity

      Well-located commercial building suitable for various business ventures.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Thomaston, GA

      Retail space available in Walmart Supercenter shadow-anchored center.
      919-935 North Church St, Thomaston, GA 30286
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 855 N Church St.
      855 N Church St, Thomaston, GA 30286
      View Details
    View Listing
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    Thomaston, GA 30286
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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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