Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1562 Central Avenue unit Tract 1 Demorest, GA 30535

    View on Map
    For Sale
    $215,000

    COMMERCIAL - Demorest, GA

    Lot size:
    4.56 Acres
    Added:
    Mar 22, 2023
    Days on Market:
    1112
    Last Refresh:
    Apr 6 at 11:06 pm

    Property Features for 1562 Central Avenue unit Tract 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    075 063
    Lot size
    4.56 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    1287

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1701

    We can help!

    Listing Contact
    Amanda Fulmer
    Amanda Fulmer

    Listing agent Amanda Fulmer License #396485

    Listing office Keller Williams Lanier Partners 110 Trinity Drive, Gainesville, GA

    Listing date Mar 22, 2023

    MLS# 20111316

    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

    Demorest Commercial Acreage Opportunity

    This 4.56-acre commercial land is located in downtown Demorest, Georgia, with road frontage on Central Avenue. Situated in the medical district, it is close to Habersham Medical Center and other physician's offices. The property is also near Demorest Elementary, Wilbanks Middle Schools, and the Habersham County Senior Center. Potential uses include a medical office, senior living facility, storage buildings, multi-family living, or a small subdivision. It presents opportunities for various business or residential developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Demorest
    County
    Habersham
    State
    Georgia
    Longitude
    -83.538831
    Latitude
    34.573809

    Nearby Similar for Sale

    • $515,000

      Demorest Multifamily Investment Opportunity

      Two townhomes near downtown Demorest and Piedmont University.
      274 & 278 N Hazel Avenue, Demorest, GA 30535
      View Details
    • $1,010,000
      7,918 SF

      Demorest Medical Office Building

      Versatile medical office building with multi-use potential in Demorest.
      415 Fisk Avenue, Demorest, GA 30535
      View Details
    • $889,000
      3,924 SF

      Farmhouse on Rolling Pasture

      15.7+ acres with modern farmhouse, pool, and outbuildings.
      1780 Double Bridge Road, Demorest, GA 30535
      View Details
    • $500,000

      40 Acres in North Georgia

      Versatile 40-acre tract with creek, suitable for homesites or recreation.
      Twin River Orchard Road unit: Tract 4, Demorest, GA 30535
      View Details
    • $500,000

      Demorest, GA Land with Creek

      40+/- acre tract with creek, suitable for homesites or recreation.
      Twin River Orchard Road, Demorest, GA 30535
      View Details
    • $75,000

      Land in Gated Community

      2.22-acre lot in Habersham County with river access.
      Olde Rockhouse Lane, Demorest, GA 30535
      View Details
    • $149,900

      Soque Riverfront Acreage Opportunity

      Five-acre lot on the Soque River with waterfall views.
      Olde Rockhouse Lane lot: 4, Demorest, GA 30535
      View Details
    • $75,000

      Land in Gated Community

      2.22-acre lot in gated community near Soque River.
      Olde Rockhouse Lane, Demorest, GA 30535
      View Details
    • $2,100,000

      Chattahoochee Riverfront Recreational Land

      100+ acre property with 1,100 feet of river frontage.
      Twin River Orchard Road, Demorest, GA 30535
      View Details
    • $4,940,000

      Riverfront Land at River Confluence

      76-acre tract with frontage on two rivers near Metro Atlanta.
      Twin River Orchard Road unit: Tract 1, Demorest, GA 30535
      View Details
    • $249,900

      Land with Mountain Views

      8.27-acre property with mountain views in gated community.
      426 Rockhouse Crossing, Demorest, GA 30535
      View Details
    • $50,000

      Demorest, GA Cleared Land

      Cleared 1-acre lot ready for a new home.
      336 Mineral Springs Trail, Demorest, GA 30535
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial acreage in downtown Demorest, near medical and school facilities.
    Where is this commercial land located?
    The property is located at 1562 Central Avenue unit Tract 1 Demorest, GA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Potential commercial acreage in downtown Demorest.; Road frontage on Central Ave.; Located in the medical district, close to Habersham Medical Center and physicians' offices.
    (678) 697-7429
    We can help!
    Listing Contact
    Amanda Fulmer
    Amanda Fulmer
    Real Estate License ID: 396485
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!