Add Listing
    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

    270 S Main Street Madison, GA 30650

    View on Map
    For Lease
    $4,000 /Mo

    COMMERCIAL - Madison, GA

    Property size:
    4,324 SF
    Lot size:
    0.58 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 8 at 4:06 am

    Property Features for 270 S Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    M19 044
    Size
    4,324 SF
    Lot size
    0.58 Acres

    Utilities

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

    Building Details

    Year built
    1895
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Ashley Hunt
    Ashley Hunt

    Listing agent Ashley Hunt License #247464

    Listing office Madison Realty 121 E Jefferson Street, Madison, GA

    Listing date Jan 7, 2026

    MLS# 10667058

    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

    Downtown Madison Live-Work Space

    Located in downtown Madison, this circa 1895 property offers a live-work opportunity. Zoned P-2, the building allows for commercial use on the main floor and residential living on the second floor. The property features historic character throughout, including hardwood floors, tall ceilings, antique glass windows, and pocket doors. A full dirt basement is included, along with ample paved parking in the back. The property size is 4324 square feet and the lot size is 0.58 acres. Mixed-use zoning allows a tenant to live upstairs while running their business on the main floor. Please note that restaurants or retail food stores are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SPARKL (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
    Madison
    County
    Morgan
    State
    Georgia
    Longitude
    -83.469356
    Latitude
    33.593863

    Nearby Similar for Lease

    • Contact for pricing

      Madison Office Suite For Rent

      Office suite in Madison South Executive Park available for rent.
      2151 Eatonton Road BUILDING B - UPPER LEVEL, Madison, GA 30650
      View Details
    • Contact for pricing

      Office Suites in Madison, GA

      Cost-effective office solutions for professionals and small businesses.
      1140 Monticello Highway, Madison, GA 30650
      View Details
    • Contact for pricing

      Madison Office Suite For Rent

      Office suite near I-20 with flexible layout.
      2151 Eatonton Road unit: Building B - Upper Level, Madison, GA 30650
      View Details
    • $32,085/mo

      Madison GA Warehouse Space Available

      100,000 SF warehouse space for lease near I-20.
      1140 Monticello Highway, Madison, GA 30650
      View Details
    • Contact for pricing

      Renovated Office Space in Madison

      Office space with excellent road frontage in Madison, Georgia.
      536 East Ave, Madison, GA, 30650-1377
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available, ranging from 1,840 to 3,680 SqFt.
      1700 Eatonton Rd, Madison, GA 30650
      View Details
    • Contact for pricing

      New Climate-Controlled Warehouse/Office Space

      6,000 SF climate-controlled warehouse/office space for lease.
      1200 Commerce Dr, Madison, GA 30650
      View Details
    • $7/mo

      Former Retail Building Near I-20

      Former Rite Aid building near Chick-Fil-A, Walmart, and I-20.
      1770 Eatonton Rd, Madison, GA
      View Details

    FAQs

    What type of property is this?
    Live-work space - Circa 1895 mixed-use property in downtown Madison for rent.
    Where is this live-work space located?
    The property is located at 270 S Main Street Madison, GA.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Mixed‑use zoning (P‑2) allows for commercial use on the main floor and residential living on the second floor.; Located in downtown Madison.; Features ample paved parking in the back.
    (706) 474-2467
    We can help!
    Listing Contact
    Ashley Hunt
    Ashley Hunt
    Real Estate License ID: 247464
    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!