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    1402 Old 41 Highway Milner, GA 30257

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    Claim this Listing
    For Sale
    $800,000

    COMMERCIAL - Milner, GA

    Type:Office
    Property size:
    7,630 SF
    Lot size:
    3.50 Acres
    Added:
    Sep 9, 2025
    Days on Market:
    220
    Last Refresh:
    Apr 16 at 12:06 pm

    Property Features for 1402 Old 41 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Property condition
    Under Construction
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    018030C
    Size
    7,630 SF
    Lot size
    3.50 Acres

    Taxes and HOA fees

    Tax Year
    24
    Tax Annual Amount
    1550

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Water source
    Public, Private

    Building Details

    Year built
    1985
    Building materials
    Steel Siding
    Additional Structures
    Residence

    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 Sep 9, 2025

    MLS# 10728651

    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.

    Overview

    Versatile Commercial Property with IOS

    This 3.5+/- acre commercial property in Milner, GA, is zoned M-1 and approved for truck parking and industrial outdoor storage. Situated on Old 41 Highway, the site is suitable for industrial users, contractors, and service-based businesses needing shop, office, and yard space. The property features a new 3,500 sq. ft. shop under construction, equipped with three front roll-up doors and one rear roll-up door for pull-through access, along with two entry doors. Additionally, there is a 1,190 sq. ft. house adaptable for office space or on-site housing. A 30' x 98' storage building with renovated office space is also under construction. The property's road frontage is ideal for outdoor storage, equipment staging, or fleet parking. The location in Lamar County, experiencing growth through new industrial projects, increases the demand for versatile commercial properties. This property offers new construction, multiple functional buildings, and expansive yard space, presenting a turnkey opportunity for companies looking to grow and operate efficiently.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milner
    County
    Lamar
    State
    Georgia
    Longitude
    -84.205505
    Latitude
    33.164494

    Nearby Similar for Sale

    • $525,000
      4,116 SF

      Milner GA Shop & Storage

      3-acre industrial site with shop, storage, and income.
      01 Old 41 Highway, Milner, GA 30257
      View Details
    • $1,500,000
      372,438 SF

      Industrial Land on Old 41

      8.55 acres of M-1 zoned industrial land for sale.
      0A Old 41 Highway, Milner, GA 30257
      View Details
    • $48,000

      Vintage Park Homesite Opportunity

      Large 0.66 acre lot in Vintage Park community.
      SAVANNAH Way, Milner, GA 30257
      View Details
    • $525,000
      4,116 SF

      Income-Producing Industrial Site with Shop

      3-acre industrial property with shop and income in Milner, GA.
      01 Old 41 Highway Milner Ga. 30257, Milner, GA 30257
      View Details

    FAQs

    What type of property is this?
    Auto shop - 3.5-acre commercial property approved for industrial outdoor storage.
    Where is this auto shop located?
    The property is located at 1402 Old 41 Highway Milner, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Zoned and Approved for Industrial Outdoor Storage (IOS) on 3.5+\/- Acres; Brand‑New 3,500 sq. ft. Shop (Under Construction) with Multiple Roll‑Up Doors; Approved for Truck Parking in a Strong Growth Corridor (Lamar County)
    (404) 731-8591
    We can help!
    Listing Contact
    Chuck Mills
    Chuck Mills
    Real Estate License ID: 314115
    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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