Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    98 Gordon Commercial Dr Lagrange, GA 30240-5735

    Property Lookup

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

    98 Gordon Commercial Dr Lagrange, GA 30240-5735

    View on Map
    • Office buildings
    • 3,135 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US22-1511945
    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

    • Nurturing Garden of Edan Development Center / Daycare Center / Foster Care Service
    • Fred Farrar / Counselor / Psychologist

    Property Details for 98 Gordon Commercial Dr

    Year built
    1989
    Lot size
    0.28 lot acres
    Property size
    3,135 SF
    Zone code
    16- CP-GI
    Property type
    Office buildings
    APN
    0602B002026A
    APU
    0602B002026A

    Description

    This exceptional commercial property at 98 Gordon Commercial Drive in Lagrange, Georgia, presents a fantastic opportunity for businesses seeking versatile and well-appointed office space. Boasting a generous 3,135 square feet, the building offers a flexible layout ideal for a variety of uses. The interior features five individual offices, perfect for creating private workspaces or departmental divisions. A sizable waiting area provides a welcoming reception space for clients and visitors. Four half-bathrooms ensure ample restroom facilities for staff and guests. Convenient on-site parking is available in the dedicated parking lot, eliminating parking hassles. Adding to its practicality, the property includes a laundry room, a valuable amenity for many businesses. Two main entrances provide convenient access and flexibility for workflow. The layout is easily adaptable, allowing for the potential division into two separate office units, providing significant expansion or rental possibilities. This property sits on a 0.28-acre lot, offering ample space and potential for future development. Priced competitively at $219,900, this is an exceptional value in the Lagrange commercial real estate market. The combination of size, features, and location makes this an outstanding investment opportunity. Don't miss this chance to secure a prime commercial property in a thriving area.

    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
    Lagrange
    County
    Troup
    State
    Georgia
    Longitude
    -85.0649
    Latitude
    33.0246
    CBSA code
    29300
    CBSA name
    LAGRANGE, GA-AL 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
    $1,656
    $11,200
    $49,520
    $60,720
    -
    $28,000
    $123,800
    $151,800

    Comparable in this City

    • Value Estimation by Request
      1,392 SF

      422 Greenwood St

      OFFICE BUILDING • 1,392 SF
      422 Greenwood St, Lagrange, GA 30240-3124
      View Details
    • Value Estimation by Request
      1,585 SF

      418 Greenwood St

      OFFICE BUILDING • 1,585 SF
      418 Greenwood St, Lagrange, GA 30240-3124
      View Details
    • Value Estimation by Request
      1,148 SF

      508 Greenwood St

      OFFICE BUILDING • 1,148 SF
      508 Greenwood St, Lagrange, GA 30240-3126
      View Details
    • Value Estimation by Request
      1,734 SF

      806 Murphy Ave

      OFFICE BUILDING • 1,734 SF
      806 Murphy Ave, Lagrange, GA 30240-5235
      View Details
    • Value Estimation
      $780,000
      4,576 SF

      1205 Orch Hl Rd

      OFFICE BUILDING • 4,576 SF
      1205 Orch Hl Rd, Lagrange, GA 30240-5804
      View Details
    • Value Estimation by Request
      8,624 SF

      1710 Shorewood Dr

      OFFICE BUILDING • 8,624 SF
      1710 Shorewood Dr, Lagrange, GA 30240-5732
      View Details

    Similar Nearby for Sale

    • $695,000
      3,575 SF

      LaGrange Commercial Office Opportunity

      Versatile commercial property ideal for various professional uses.
      104 Harwell Ave, Lagrange, GA 30240
      View Details
    • $3,750,000
      22,651 SF

      Mixed-Use Building in Downtown Lagrange

      Three-story mixed-use building in the heart of downtown Lagrange.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • $200,000
      0.25 Acres

      Office Sites in Old Mill

      Office sites for sale in Lagrange, GA near Interstate 85.
      Old Mill Rd, Lagrange, GA 30240
      View Details
    • $499,900
      Pending

      Commercial Building on High-Traffic Road

      Remodeled commercial building with three units on a high-traffic road.
      187 S Davis Rd, Lagrange, GA 30240
      View Details
    • $762,000

      Pegasus Parkway Commercial Land Opportunity

      Commercial land with office potential near the airport.
      2381 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • $450,000
      9,560 SF

      Versatile Commercial Property Near Rail District

      Commercial property near revitalized rail district with multiple potential uses.
      504 E Depot St, Lagrange, GA 30240
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      18,321 SF

      Historic Building in Downtown LaGrange

      Restored historic building with suites and offices for rent.
      119 Ridley Ave, Lagrange, GA 30240
      View Details
    • Contact for pricing

      LaGrange Medical Plaza For Rent

      Medical and retail spaces available in LaGrange, Georgia.
      1605 Vernon Rd, Lagrange, GA 30240
      View Details
    • $2,950 /Mo
      1,550 SF

      Updated Office Space in Lagrange

      Updated office space in the heart of Lagrange, Georgia.
      208 Smith St, Lagrange, GA 30240
      View Details
    • $1,250 /Mo
      10,890 SF

      Downtown Lagrange Office Suite

      Professional office suite for lease in downtown Lagrange, Georgia.
      101 New Franklin Rd, Lagrange, GA 30240
      View Details
    • Contact for pricing

      Industrial Space Near Inland Port

      Large industrial space with heavy power and I-85 access.
      89 Pegasus Pkwy, Lagrange, GA 30240
      View Details
    • Contact for pricing

      LaGrange Warehouse Space Available

      Industrial warehouse space for lease in LaGrange, Georgia.
      506 Pegasus Pkwy, Lagrange, GA 30240
      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.
    98 Gordon Commercial Dr
    Lagrange, GA 30240-5735
    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!