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    Modern Home with Commercial Building Title is generated by Realmo AI

    121 Old Highway 5, Blue Ridge, GA 30513

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    Claim this Listing
    New
    For Sale
    $749,999

    Craftsman, Other - Blue Ridge, GA

    Type:Mixed Use
    Property size:
    1,008 SF
    Lot size:
    1.36 Acres
    Price / SF:
    $744/SF
    Added:
    May 8, 2026
    Days on Market:
    1
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 121 Old Highway 5

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking
    5
    Parking features
    Carport
    Interior features
    Kitchen Island, High Ceilings, Master Downstairs, High Speed Internet
    Exterior features
    Garden
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    0050 123
    Size
    1,008 SF
    Lot size
    1.36 Acres

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Heat Pump

    Building Details

    Year built
    2024
    Floors in Building
    1
    Flooring type
    Vinyl
    Roof type
    Metal
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Erica Callihan

    Listing agent Erica Callihan

    Listing office Engel & Völkers North Georgia Mountains 631 East Main Street, Blue Ridge, GA

    Listing date May 8, 2026

    MLS# 10736364 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing commercial building on‑site with long‑term renters
    • Unrestricted land offering flexibility for expansion or business use
    • Nearly‑new construction (built 2024) with modern finishes and open floor plan
    • 2 bedrooms and 2 full baths
    • Minutes to Blue Ridge and McCayesville, providing easy access to amenities
    • Strong potential as a permanent residence or short‑term rental investment

    Overview

    This property features a charming modern home built in 2024, offering 2 bedrooms and 2 full baths. The nearly-new construction boasts a bright, open floor plan with contemporary finishes and an efficient layout suitable for everyday living or accommodating guests. The property also includes a commercial building on-site with long-term renters, providing an income-producing opportunity. Situated on unrestricted land, the property offers flexibility for expansion, additional units, or business use. Located minutes from Blue Ridge and McCayesville, it provides easy access to dining, recreation, and attractions. The property presents strong potential as a permanent residence or a turnkey short-term rental investment. The home has an open-concept living area and a size of 1008 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin
    State
    Georgia
    Longitude
    -84.188215
    Latitude
    34.770702

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    FAQs

    What type of property is this?
    Mixed-use property - Two-bed, two-bath home with income-producing commercial building.
    Where is this mixed-use property located?
    The property is located at 121 Old Highway 5 Blue Ridge, GA.
    What is the asking price?
    The asking price for this property is $749,999.
    What are key features of this property?
    This property features: Income‑producing commercial building on‑site with long‑term renters; Unrestricted land offering flexibility for expansion or business use; **Nearly‑new construction (built 2024) with modern finishes and open floor plan**
    (706) 406-5572
    We can help!
    Listing Contact
    Erica Callihan
    Learn More
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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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