3180 Atlanta HwyAthens, GA 30606

  • Specialty properties
  • 6,684 SF
For Sale
$2,400,000 View listing

Property Details for 3180 Atlanta Hwy

Year built
1992
Construction
FRAME
Lot size
1.50 AC
Property size (Sq ft)
6,684 SF
Zone code
C-G
Property type
Specialty properties
Property subtype
Day care centers & nurseries
APN
07-4- D-003-D
APU
074D003D

Description

This exceptional investment opportunity presents a stabilized, single-tenant daycare center in Athens, GA. Located on a highly visible corner lot at 3180 Atlanta Hwy, this 11,524 square foot property boasts a 9% cap rate and a 6% pro-forma cap rate. The property consists of three one-story buildings on a 1.5-acre lot, built in 1992, and currently operating at 100% occupancy with a credit-rated tenant under a NNN lease expiring June 28, 2026. The lease commenced June 29, 2021, with a remaining term of four years. The property features an open floor plan with abundant natural light, ample storage space, and tenant-controlled HVAC. Its prime location within a busy commercial area, adjacent to major retailers like Walmart, ALDI, and Publix, ensures high visibility and consistent foot traffic. The daycare center has a capacity of approximately 262 children and benefits from convenient bus line access. The asking price is $2,400,000, translating to $208.26 per square foot. The property's strong performance and strategic location make it an attractive investment prospect with significant potential for future growth. The current pro-forma NOI is $144,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,146,617
    6.5%
    $1,058,416
    7%
    $982,815
  • Comparable approach

    Method
    Valuation
    Relative Method
    $887,474
    Geo Method
    $887,474
  • Alternative Use

    Use
    Valuation
    Residential
    $1,342,645
    Hospitality
    $1,229,856
    Educational
    $1,023,226
    Medical
    $1,058,416
    Retail
    $1,591,684
3180 Atlanta Hwy, Athens, Georgia

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9416
Longitude
-83.4475
CBSA code
12020
CBSA name
ATHENS-CLARKE COUNTY, 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
$13,055
$237,600
$180,165
$417,765
-
$594,000
$450,413
$1,044,413

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