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    Gun Shop with Firing Range Title is generated by Realmo AI

    123 Maddox Circle, East Ellijay, GA 30540

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    For Sale
    $899,000

    Retail - East Ellijay, GA

    Type:Retail
    Property size:
    5,700 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $157/SF
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    May 12 at 1:06 pm

    Property Features for 123 Maddox Circle

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Interior features
    Reception Area, Restrooms
    Standard status
    Active
    Size
    5,700 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Central, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Laminate
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Barry Joyner
    Barry Joyner

    Listing agent Barry Joyner

    Listing office Alpharetta / North Fulton Office 33 South Main Street, Suite 201, Alpharetta, GA

    Listing date Mar 25, 2026

    MLS# 7741189 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Gun shop with firing range
    • High traffic location: over 22,000 VPD (2026)
    • Established business: in business for over 10 years
    • Size: over 5700 sq. feet on .36 acres
    • Close proximity to Hwy 515 and other retail
    • Central heating and air conditioning

    Overview

    This retail space, located in East Ellijay, Georgia, features a gun shop with a firing range. The property encompasses over 5700 square feet on 0.36 acres. It is located in close proximity to Highway 515 and other retail establishments. The business has been in operation for over 10 years. Traffic counts for 2026 are estimated to exceed 22,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hotel & Motel Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    East Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.481023
    Latitude
    34.677731

    Nearby Similar for Sale

    • $899,000
      5,708 SF

      Gun Shop with Firing Range

      East Ellijay gun shop with firing range for sale.
      123 Maddox Circle, East Ellijay, GA 30540
      View Details
    • $1,889,933

      Office Space in East Ellijay

      Office property available for sale in East Ellijay, Georgia.
      125 Mulberry St, East Ellijay, GA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with firing range in East Ellijay, Georgia.
    Where is this retail space located?
    The property is located at 123 Maddox Circle East Ellijay, GA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Gun shop with firing range; High traffic location: over 22,000 VPD (2026); Established business: in business for over 10 years
    (404) 290-4612
    We can help!
    Listing Contact
    Barry Joyner
    Barry Joyner
    Real Estate License ID: 104747
    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.

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