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    Property profile & analytics

    Highway 29, GA

    • Retail space
    • 1,740 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2022
    $20,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3248189
    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

    • Retail space

    Property Details for Highway

    Year built
    1950
    Lot size
    0.32 lot acres
    Property size
    1,740 SF
    Property type
    Retail space
    APN
    C20-080
    APU
    C20080

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    29
    County
    Hart
    State
    Georgia
    Longitude
    -83.0462
    Latitude
    34.2909

    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
    $116
    $2,816
    $4,174
    $6,990
    -
    $7,040
    $10,436
    $17,476

    Comparable in this City

    • Value Estimation by Request
      3,744 SF

      Main St, GA

      RETAIL STORES (PERSONAL SERVICES) • 3,744 SF
      Main St, GA
      View Details
    • Value Estimation by Request
      0.24 Acres

      Chestnut Hill

      RETAIL STORES (PERSONAL SERVICES) • 0.24 Acres
      Chestnut Hill, Rd, GA
      View Details
    • Value Estimation by Request
      1,768 SF

      Main St, GA

      RETAIL STORES (PERSONAL SERVICES) • 1,768 SF
      Main St, GA
      View Details
    • Value Estimation
      $6,425,000
      10,189 SF

      1024 1028th Hwy 138

      RETAIL STORES (PERSONAL SERVICES) • 10,189 SF
      1024 1028th Hwy 138, W, GA
      View Details
    • Value Estimation
      $400,000
      3,760 SF

      Campbellton Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,760 SF
      Campbellton Rd, Sw, GA
      View Details
    • Value Estimation
      $400,000
      3,808 SF

      Simms St, GA

      RETAIL STORES (PERSONAL SERVICES) • 3,808 SF
      Simms St, GA
      View Details

    Similar Nearby for Sale

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      8,379 SF

      Retail Space Near I-75

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      Retail Building in Prime Location

      Upgraded retail building in Cartersville's best retail corridor.
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      Thomson Commercial Building For Sale

      Commercial building with 1,036 square feet of space.
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    Similar Nearby for Lease

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      1,304 SF

      Retail Space in Mixed-Use Project

      Retail, restaurant, or medical space near downtown Athens, GA.
      115 Addison Rd, Athens, GA
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      3,043 SF

      Class A Office Building Space

      Five-story Class A office building with efficient floor plates.
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      Retail Center in Growing Area

      Retail spaces available in fast-growing Columbia County.
      1000 W Lk Cmns Dr, Martinez, GA
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    • $30 SF/Yr
      1,400 SF

      Retail Space in Evans, GA

      Retail space available, anchored by Belk Department Store.
      610-630 Mullins Colony Dr, Evans, GA
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    • $32 SF/Yr
      2,500 SF

      Retail Space with Drive-Thru

      Endcap retail space with grease trap and drive-thru capability.
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    • $28 SF/Yr
      7,200 SF

      Retail Space Near Kroger Marketplace

      Retail space available summer 2020 near Kroger Marketplace.
      105 Main St Market Pl SE, Cartersville, GA
      View Details
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    Highway
    29, GA
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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.

    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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