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    300 Elm St Hogansville, GA 30230

    View on Map
    Sponsored
    For Sale
    $6,000,000

    MULTI_FAMILY - Hogansville, GA

    Lot size:
    18.50 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 2:06 pm

    Property Features for 300 Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    0244A008003
    Parking features
    Off Street
    Lot size
    18.50 Acres

    Utilities

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

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    24
    Building materials
    Concrete

    We can help!

    Listing Contact
    Kendall Butler
    Kendall Butler

    F.L.I. Properties, LLC

    Listing agent Kendall Butler

    Listing date Mar 20, 2026

    MLS# 10713165

    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

    Hogansville Multifamily Investment Opportunity

    This multifamily investment opportunity is located on the south side of Atlanta, in the rapidly developing city of Hogansville, GA. The property includes 24 completed units across two buildings, which have received Health/Safety Certificates of Occupancy from the state of Georgia. The site is entitled for a total of 228 units and features three pad-ready sites with water and sewer connections already installed. These sites are prepared for the construction of Building 300, which will contain 12 one-bedroom units, and Buildings 400 and 500, each designed for 12 two-bedroom units. Recent quotes estimate the construction cost for Building 300 at approximately $1.22 million, while Buildings 400 and 500 are estimated at $1.57 million each. The completed units consist of twelve one-bedroom, one-bath units and twelve two-bedroom, two-bath units, all equipped with kitchen appliances. The two existing buildings feature tankless electric hot water heaters, geothermal heating and cooling systems with indoor air handlers, spray foam insulation, and polished cement floors on the main level. The units on the second and third floors have LVT and tile flooring throughout. US Postal units are installed. The buildings are constructed with low-maintenance hardiboard siding. Note that a Certificate of Occupancy from the City of Hogansville has not yet been obtained. The property requires erosion control remediation and the completion of as-built drawings for building inspection. The lot size is 18.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hogansville
    County
    Troup
    State
    Georgia
    Longitude
    -84.919438
    Latitude
    33.170152

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    FAQs

    What type of property is this?
    Apartment building - Multifamily investment opportunity in fast-growing Hogansville, GA.
    Where is this apartment building located?
    The property is located at 300 Elm St Hogansville, GA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Multi-family investment opportunity with **24 turn-key units** complete and holding a Health/Safety CO from the state of GA.; - Entitled for a total of 228 units, allowing for significant expansion.; - Includes 3 pad-ready sites with water and sewer installed, ready for immediate construction of 36 additional units.
    (706) 333-0680
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    300 Elm St Hogansville, GA 30230
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    Hogansville, GA 30230
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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
    300 Elm St Hogansville, GA 30230
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    Listing Contact
    Kendall Butler
    Kendall Butler
    Real Estate License ID: 278198
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