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    The Largest CRE Database in the US with Over 1 Million Listings

    1500 Highway 27 Summerville, GA 30747

    Sponsored
    For Sale
    $1,700,000

    COMMERCIAL - Summerville, GA

    Property size:
    11,300 SF
    Lot size:
    15.52 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 28 at 3:06 pm

    Property Features for 1500 Highway 27

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0007500000L01
    Parking features
    Parking Lot
    Size
    11,300 SF
    Lot size
    15.52 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Zoned, Central
    Cooling system
    Zoned, Central Air, Electric
    Water source
    Public, Well

    Building Details

    Year built
    2005
    Building materials
    Concrete, Steel Siding, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Mary Holcomb

    Reese & Smallwood, Inc 706-234-5555x13

    Listing agent Mary Holcomb (706) 234-5555

    Listing date Jan 13, 2026

    MLS# 10505904

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property on Highway 27

    Located in the Armuchee/Floyd county area with Chattooga County taxes, this property offers significant potential for various business ventures. The sale includes 15.52 acres with approximately 910 feet of visibility on Highway 27, featuring three separate entrances. The location provides access to Interstate I-75. The rear property line borders Little Armuchee Creek, with approximately 1190 feet of creek frontage. The property includes an 11,300 square foot retail commercial building designed for expansion and adaptable for multiple uses such as a wedding venue, event center, campground, retreat center, retail sales, church, dinner theater, flea market, antique mall, auction gallery, indoor climate-controlled storage, private school, daycare, convenience store, grocery store, or indoor sports complex. The building features a full apartment and a large theater suitable for various purposes. The theater space can accommodate 350-400 people and includes a 28 ft. high cathedral ceiling, a balcony, 16 ceiling fans, and 8 high-energy-efficient central HVAC units. A 1,100 square foot covered front porch has two dedicated circuits with lights. The building's exterior has been repainted, including the walls, roof, and doors. The downstairs measures approximately 50 x 150 (7,500 sqft), with an additional 3,750 sqft on the second level. The building is equipped with 3-phase power and a 3 x 200 amp 3-phase power service. The upstairs apartment includes a full kitchen, bathroom, laundry room, and pantry, suitable for a residence or Airbnb. The upstairs interior walls are non-load-bearing, allowing for customization. The subfloor system uses Advantech subflooring. Also included is a custom-built split foyer home with a large covered deck overlooking Little Armuchee Creek. A prepped building pad with utilities and a septic system is in place for a custom home overlooking the lower back field and Little Armuchee Creek. An additional 1500-gallon septic system is installed for future commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Clothing Store Hotel & Motel Food Market Grocery Store Furniture Store Cafe & Coffee Shop Shopping Mall Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Chattooga
    State
    Georgia
    Longitude
    -85.248317
    Latitude
    34.430527

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    FAQs

    What type of property is this?
    Mixed-use property - 15.52 acre property with 11,300 sqft building and residential home.
    Where is this mixed-use property located?
    The property is located at 1500 Highway 27 Summerville, GA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - High-visibility location on 4-lane Highway 27 with 910 ft of frontage and 3 access points.; - 11,300 sq ft commercial building with flexible space, including a large seating area (350-400 capacity), apartment, and expandable design.; - 15.52 acres of cleared land with Little Armuchee Creek frontage (1190 ft).
    (706) 234-5555
    Request Owner's contact information
    1500 Highway 27 Summerville, GA 30747
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    Summerville, GA 30747
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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
    1500 Highway 27 Summerville, GA 30747
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    We can help!
    Listing Contact
    Mary Holcomb
    Real Estate License ID: 150061
    (706) 234-5555
    Learn more
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