Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    163 E Broad St Athens, GA 30601

    Sponsored
    For Lease
    $40 SF/Yr ($14,796 /Mo)

    COMMERCIAL - Athens, GA

    Type:Retail
    Property size:
    4,439 SF
    Lot size:
    0.05 Acres
    Days on Market:
    79
    Last Refresh:
    Feb 25 at 9:06 pm

    Property Features for 163 E Broad St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-D
    APN
    171B5-B-005
    Appliances
    Electric Water Heater
    Size
    4,439 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Brian Elrod

    NAI Elrod Group (706) 553-1000

    Listing agent Brian Elrod (706) 553-1000 License #251606

    Listing date Dec 9, 2025

    MLS# CL343900

    Copyright © 2026 Hive MLS. 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

    Prime Downtown Athens Commercial Space

    Located at 163 E Broad Street in downtown Athens, this 4,439 square foot commercial space is directly across from the University of Georgia's North Campus and the Arch. The two-story building, originally constructed in 1900 and updated with modern features, includes exposed brick and large windows that provide natural light and street visibility. The property's flexible floor plans are suitable for retail, office, or mixed-use concepts. The space includes street-level retail areas, multiple private offices, production or storage rooms, and full bathrooms. The location on East Broad Street provides exposure to student and pedestrian traffic. The property is less than 125 feet from two Athens Transit bus stops and benefits from high pedestrian traffic throughout the year. Situated next door to Target and steps from The Drake, a new mixed-use development, the property is in the center of East Broad Street's active retail corridor. Downtown restaurants, Sanford Stadium, and campus facilities are within walking distance. The location is suitable for businesses targeting the UGA community and downtown visitors. The average daily traffic count on East Broad Street is 22,300. The property's configuration allows for various business types, from boutique retail to professional services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bel-Jean Copy/Print Center (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.376022
    Latitude
    33.957831

    Nearby Similar for Lease

    • New
      $3,645 /Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or store.
      215 Tallassee Rd, Athens, GA 30606
      View Details
    • $3,645 /Mo
      5,000 SF

      Athens Commercial Space For Lease

      Versatile commercial space suitable for market, club, bar, or retail.
      215 Tallassee Rd, Athens, GA 30606
      View Details
    • New
      $1,800 /Mo
      5,040 SF

      Office Space in Park Place

      1260 Sqft office space in a great location!
      3720 Atlanta Hwy, Athens, GA 30606
      View Details
    • New
      $25 SF/Yr
      2,865 SF

      New Commercial Space in Athens

      New 3,903 SF commercial space for restaurant or retail.
      1280 Oconee St, Athens, GA 30605
      View Details
    • New
      $25 SF/Yr
      3,903 SF

      New Commercial Space on Oconee

      New energy-efficient commercial space in a dynamic, mixed-use area.
      1280 Oconee St, Athens, GA 30605
      View Details
    • $3,333 /Mo
      135,777 SF

      Office Space with Cubicles

      Office space perfect for flex work or coworking.
      8771 Macon Hwy, Athens, GA 30606
      View Details
    • $695 /Mo
      135,777 SF

      Executive Office Space Available Now

      Executive office space for rent in Athens, GA. Utilities included.
      8771 Macon Hwy, Athens, GA 30606
      View Details
    • $2,700 /Mo
      39,204 SF

      Retail Space in Baxter Center

      2,100 SF retail space for lease in Athens, GA.
      1089 Baxter St, Athens, GA 30606
      View Details
    • New
      $850 /Mo
      600 SF

      Commercial Space in Athens, GA

      Retail or office space available in Athens, Georgia.
      215 Tallassee - A Rd, Athens, GA 30606
      View Details
    • New
      $1,114 /Mo
      1,515 SF

      Retail/Office Space in Athens, GA

      Commercial space suitable for retail, office, or service businesses.
      215 Tallassee - B Rd, Athens, GA 30606
      View Details
    • New
      $850 /Mo
      600 SF

      Commercial Space in Athens, GA

      Commercial space suitable for office, service business, and retail.
      215 Tallassee - A Rd, Athens, GA 30606
      View Details
    • $2,343 /Mo
      7,841 SF

      Downtown Athens Commercial Space

      Prime location for retail or office in downtown Athens.
      240 Clayton St, Athens, GA 30601
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,439 SF space in high-traffic downtown Athens location.
    Where is this retail space located?
    The property is located at 163 E Broad St Athens, GA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Athens location directly across from UGA's North Campus and the Arch.; - High visibility with 22,300 average daily traffic count on East Broad Street.; - Flexible floor plans suitable for retail, office, or mixed-use concepts.
    (706) 553-1000
    Request Owner's contact information
    163 E Broad St Athens, GA 30601
    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.
    163 E Broad St
    Athens, GA 30601
    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
    163 E Broad St Athens, GA 30601
    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

    We can help!
    Listing Contact
    Brian Elrod
    Real Estate License ID: #251606
    (706) 553-1000 (678) 859-6110
    Learn more
    Google sign-in failed. Please try again or use another login method.