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    Milner GA Shop & Storage Title is generated by Realmo AI

    01 Old 41 Highway, Milner, GA 30257

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    Claim this Listing
    Picture of Warehouses at 01 Old 41 Highway, Milner, GA
    For Sale
    $525,000

    COMMERCIAL - Milner, GA

    Property size:
    4,116 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $127/SF
    Added:
    Jan 2, 2026
    Days on Market:
    149
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 01 Old 41 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    018130
    Size
    4,116 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    835

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    Building Details

    Year built
    1980
    Building materials
    Concrete, Steel Siding

    We can help!

    Listing Contact
    Chuck Mills
    Chuck Mills

    Listing agent Chuck Mills License #314115

    Listing office Keller Williams Realty Atl. Partners 303 Corporate Center Drive, Suite 100, Stockbridge, GA

    Listing date Jan 2, 2026

    MLS# 10664489

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑acre industrial outdoor storage site ideal for equipment, utility companies, contractors, and fleet operations.
    • In‑place income of $2,500 per month provides immediate cash flow.
    • Shop combined with a 42' x 98' covered storage area supports maintenance, storage, or dispatch.
    • Easy access to Hwy 36 & I‑75 provides efficient regional connectivity.
    • Level and fully usable site allows for organized truck and trailer parking with easy maneuverability.
    • Concrete and Steel Siding construction.

    Overview

    This 3-acre industrial outdoor storage site is located along Old Hwy 41 in Milner, GA, offering quick access to Hwy 36 and I-75. Its location provides efficient regional connectivity for local and over-the-road operators. The property includes a shop combined with a 42' x 98' covered storage area, supporting maintenance, storage, or dispatch operations. The site is level and fully usable, allowing for organized truck and trailer parking with easy maneuverability. The property is suitable for equipment companies, utility companies, contractors, and fleet operations. The property is currently producing $2,500 per month in in-place income, providing immediate cash flow with upside through expanded parking or reconfiguration. The property is comprised of 4,116 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Food Market Grocery & Convenience Store HVAC Service Plumbing Service Restaurant Locksmith Buffet

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milner
    County
    Lamar
    State
    Georgia
    Longitude
    -84.186922
    Latitude
    33.103243

    FAQs

    What type of property is this?
    Warehouse - 3-acre industrial site with shop, storage, and income.
    Where is this warehouse located?
    The property is located at 01 Old 41 Highway Milner, GA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 3‑acre industrial outdoor storage site ideal for equipment, utility companies, contractors, and fleet operations.; In‑place income of $2,500 per month provides immediate cash flow.; Shop combined with a 42' x 98' covered storage area supports maintenance, storage, or dispatch.
    (404) 731-8591
    We can help!
    Listing Contact
    Chuck Mills
    Chuck Mills
    Real Estate License ID: 314115
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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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