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    Versatile Commercial Property in Carnesville Title is generated by Realmo AI

    160 HWY 320, Carnesville, GA 30521

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    For Sale
    $499,000

    COMMERCIAL - Carnesville, GA

    Property size:
    3,440 SF
    Lot size:
    2.47 Acres
    Price / SF:
    $145/SF
    Added:
    Jan 23, 2026
    Days on Market:
    113
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 160 HWY 320

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Parking features
    Parking Lot
    Fencing
    Chain Link, Privacy, Fenced
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    028A019
    Size
    3,440 SF
    Lot size
    2.47 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Flooring type
    Hardwood, Laminate, Vinyl
    Building materials
    Brick, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jaye Pinckney

    Listing agent Jaye Pinckney

    Listing office Keller Williams Realty Atl. Partners 3730 Village Way,Suite 160, Braselton, GA

    Listing date Jan 23, 2026

    MLS# 10686608

    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.

    HighLights

    • 2. 47 acres of flat, level land within city limits with commercial zoning and no HOA
    • Versatile property suitable for residential, commercial, or land development
    • Located right off exit 164, offering convenient access
    • Spacious 5‑bedroom, 6‑bathroom home with potential in‑law suite (kitchen hookup capabilities)
    • Includes a 3‑car garage, storage building, chicken coop, and oversized laundry room
    • Ample storage space with an entire attic dedicated to storage

    Overview

    This 2.47-acre property, located within the city limits of Franklin County, presents a unique opportunity for land, commercial, or residential use. Zoned commercial, the property was previously used as a trucking business and is situated off exit 164, adjacent to a large parking lot. The site includes a 3,440 square-foot structure that formerly operated as a restaurant and is currently used as a residential home. The building features five bedrooms and six bathrooms, with two bedrooms downstairs and three upstairs. One large bedroom functions as an in-law suite, equipped with kitchen hookup capabilities and currently utilized as a crafting station. The home includes a sunken living room, spacious rooms suitable for overnight guests, a large kitchen, a three-car garage, a storage building, a chicken coop, and an oversized laundry room. The entire attic provides storage space. This property offers diverse possibilities for residential living, land development, or commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Carnesville
    County
    Franklin
    State
    Georgia
    Longitude
    -83.248899
    Latitude
    34.365836

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    FAQs

    What type of property is this?
    Commercial land - 2.47 acres with commercial zoning and residential potential.
    Where is this commercial land located?
    The property is located at 160 HWY 320 Carnesville, GA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 2. 47 acres of flat, level land within city limits with commercial zoning and no HOA; Versatile property suitable for residential, commercial, or land development; Located right off exit 164, offering convenient access
    (518) 269-7288
    We can help!
    Listing Contact
    Jaye Pinckney
    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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