Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 138 Conyers, GA 30012
    Back to Search
    Property profile & analytics

    Highway 138, Conyers, GA 30012

    View on Map
    • Specialty properties
    • 63.45 lot acres
    For Sale
    $1,640,000
    View Listing →
    41 Acres in Conyers, GA For Sale
    $1,640,000
    41.00 Acres

    41 Acres in Conyers, GA

    41 acres of commercial land in Conyers, Georgia.

    Hwy 138, Conyers, GA 30012
    View Listing
    Property ID
    US22-2174257
    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

    • Specialty properties

    Property Details for Highway 138

    Lot size
    63.45 lot acres
    Zone code
    R3C2C1OI(CON
    Property type
    Specialty properties
    APN
    064-0-01-0084
    APU
    640010084

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 6, 2023 $2,100,000 Centennial Olympic Residential LLC Southern Conservation Trust INC Warranty Deed —
    Dec 4, 2018 — Southern Conservation Trust INC Terrapin Farms LLC Grant Deed · related —
    Nov 1, 2016 $407,400 Terrapin Farms LLC Hamilton St Bk Grant Deed —
    Nov 1, 2016 — Terrapin Farms LLC Hamilton St Bk Quit Claim Deed · related $6M · Atlantic Cap Bk
    Jul 12, 2004 $2,320,000 West Walton Props INC Morgan,julia W Warranty Deed $2.4M · Comunity Bk/smith Cnty

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conyers
    County
    Rockdale
    State
    Georgia
    Longitude
    -83.9655
    Latitude
    33.6896
    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
    $0.00
    $318,640
    $0.00
    $318,640
    -
    $796,600
    $0.00
    $796,600

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      1009 Grn Vly NW Dr

      CHARITABLE ORGANIZATION
      1009 Grn Vly NW Dr, Conyers, GA 30012-4414
      View Details
    • Value Estimation by Request
      0.29 Acres

      1014 Grn Vly NW Dr

      CHARITABLE ORGANIZATION
      1014 Grn Vly NW Dr, Conyers, GA 30012-4414
      View Details
    • Value Estimation by Request
      3,057 SF

      621 Agape Ct

      CHARITABLE ORGANIZATION
      621 Agape Ct, Conyers, GA 30012-4122
      View Details
    • Value Estimation by Request
      1,520 SF

      674 American Legion NE Rd

      CHARITABLE ORGANIZATION
      674 American Legion NE Rd, Conyers, GA 30012-4854
      View Details
    • Value Estimation by Request
      2,649 SF

      1041 Bryant SW St

      CREMATORIUM, MORTUARY
      1041 Bryant SW St, Conyers, GA 30012-5337
      View Details
    • Value Estimation by Request
      2,700 SF

      2315 Lakeshore NE Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2315 Lakeshore NE Dr, Conyers, GA 30012-2401
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Conyers Specialty Property For Sale

      Specialty property in Conyers, Georgia, now sold and closed.
      1388 Wellbrook Cir NE, Conyers, GA 30012
      View Details
    • $3,300,000

      Conyers Multi-Use Property on 6+ Acres

      Unique opportunity: church, gymnasium, classrooms, and two houses on 6.43 acres.
      2360 Old Covington Hwy, Conyers, GA 30012
      View Details
    • $3,300,000
      293,159 SF

      Conyers Multi-Building Acreage Opportunity

      Unique 6.43-acre property with multiple buildings near downtown Conyers.
      2360 Old Covington Hwy SW, Conyers, GA 30012
      View Details
    • $245,000

      Mixed-Use Property in Commercial District

      Mixed-use property near shopping, dining, and I-20.
      1146 Covington Hwy SE, Conyers, GA 30012
      View Details
    • $3,300,000

      Conyers Multi-Use Potential on 6+ Acres

      Unique 6.43-acre property with church, gym, classrooms, and houses.
      2360 Old Covington Hwy SW, Conyers, GA 30012
      View Details
    • $1,000,000

      Income-Producing Commercial Property For Sale

      Versatile commercial property with multiple buildings and income streams.
      1128 West Ave SW, Conyers, GA 30012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway Corner

      Retail space available in Conyers, excellent visibility and access.
      1895 Ga Hwy, Conyers, GA 30012
      View Details
    • Contact for pricing

      Industrial Land for Ground Lease

      Approximately 3 acres of M1 zoned land available for lease.
      2221 Old Covington Hwy, Conyers, GA 30012
      View Details
    • $4,000 /Mo
      6,000 SF

      Downtown Conyers Commercial Space

      Versatile 6,000 sq ft space in high-traffic downtown area.
      902 Center St NE, Conyers, GA 30012
      View Details
    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      Prime Medical Office, High Traffic
      1380 Milstead Ave, Conyers, GA 30012
      View Details
    • $25 SF/Yr
      17,056 SF

      Conyers Medical Office Space

      17,056 sq ft Medical Office Suite
      1380 Milstead Ave, Conyers, GA 30012
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Sigman Road

      Retail space available near Sigman and Rockbridge Road intersection.
      1500 Sigman Rd NW, Conyers, GA 30012
      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.
    Highway 138
    Conyers, GA 30012
    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
    Highway 138, Conyers, GA, 30012
    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!