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

    882 Rockmart Rd Villa Rica, GA 30180-1007

    • Day care centers
    • 12,924 SF
    • 2.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2023
    $2,080,000
    Value Estimations
    $2,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1786109
    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

    • Redding's Kids Academy / Summer Camp / Day Care Center

    Property Details for 882 Rockmart Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    2.05 lot acres
    Property size
    12,924 SF
    Zone code
    OI
    Property type
    Day care centers
    APN
    V03-012-0002
    APU
    V030120002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,595,000
      ML approach
      $2,555,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,155,000
      RETAIL STORES
      $1,740,000
      RESTAURANT
      $1,465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Villa Rica
    County
    Carroll
    State
    Georgia
    Longitude
    -84.931
    Latitude
    33.7473
    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
    2023
    $11,859
    $82,000
    $296,522
    $378,522
    -
    $205,000
    $741,305
    $946,305

    Comparable in this City

    • Value Estimation
      $670,000
      8,493 SF

      1995 Mirror Lk Blvd

      DAY CARE, PRE-SCHOOL • 8,493 SF
      1995 Mirror Lk Blvd, Villa Rica, GA 30180-2127
      View Details
    • Value Estimation by Request
      1,846 SF

      516 Bankhead Hwy

      DAY CARE, PRE-SCHOOL • 1,846 SF
      516 Bankhead Hwy, Villa Rica, GA 30180-1703
      View Details
    • Value Estimation by Request
      10,092 SF

      989 Townsend Rd

      DAY CARE, PRE-SCHOOL • 10,092 SF
      989 Townsend Rd, Villa Rica, GA 30180-7245
      View Details
    • Value Estimation by Request
      886 SF

      20 Fairfield Rd

      DAY CARE, PRE-SCHOOL • 886 SF
      20 Fairfield Rd, Villa Rica, GA 30180-3800
      View Details
    • Value Estimation
      $560,000
      7,900 SF

      9315 Conners Rd

      DAY CARE, PRE-SCHOOL • 7,900 SF
      9315 Conners Rd, Villa Rica, GA 30180-2957
      View Details
    • Value Estimation by Request
      9,380 SF

      501 Bay Vw Dr

      DAY CARE, PRE-SCHOOL • 9,380 SF
      501 Bay Vw Dr, Villa Rica, GA 30180-5132
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      10,000 SF Warehouse, Excellent Location
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      Villa Rica Commercial Land

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    • $3,700,000
      48,900 SF

      Conners Rd Industrial Property

      48,900 SF Manufacturing/Warehouse
      40 Conners Rd, Villa Rica, GA 30180
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    • $540,000
      2.34 Acres

      Villa Rica Commercial Land

      2.3 acre commercial land in Villa Rica, Georgia.
      14971 Veterans Memorial Hwy, Villa Rica, GA 30180
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    • $250,000

      Villa Rica Commercial Outparcel Opportunity

      High visibility commercial land in a rapidly growing market.
      315 S Carroll Rd, Villa Rica, GA 30180
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    Similar Nearby for Lease

    • $1,900 /Mo
      11,326 SF

      Villa Rica Commercial Leasing Opportunity

      Versatile space near downtown Villa Rica suitable for office, retail.
      132 E Wilson St, Villa Rica, GA 30180
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    • Contact for pricing
      177,000 SF

      Villa Rica Industrial Space Available

      177,000 SF industrial space with outdoor storage potential.
      34 E Industrial Ct, Villa Rica, GA 30180
      View Details
    • Contact for pricing
      10 SF

      Villa Rica Industrial Land Available

      10 acres of industrial land in Villa Rica, Georgia.
      W Industrial Ct, Villa Rica, GA 30180
      View Details
    • Contact for pricing
      1,200 SF

      Villa Rica Retail Space Available

      Retail space for lease in Villa Rica Commons.
      600 Carrollton Villa Rica Hwy, Villa Rica, GA 30180
      View Details
    • $14 SF/Yr
      4,300 SF

      Downtown Villa Rica Office Space

      Office space in downtown Villa Rica with easy highway access.
      150 Stone St, Villa Rica, GA 30180
      View Details
    • $14 SF/Yr

      Downtown Villa Rica Office/Retail Space

      Two-story office/retail building in downtown Villa Rica with I-20 access.
      150 Stone St, Villa Rica, GA 30180
      View Details
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    882 Rockmart Rd
    Villa Rica, GA 30180-1007
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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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