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    Historic Office Building on Green Title is generated by Realmo AI

    411 Green Street NW, Gainesville, GA 30501

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    Claim this Listing
    For Lease
    $4,200 /Mo

    COMMERCIAL - Gainesville, GA

    Type:Office
    Lot size:
    0.20 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    62
    Last Refresh:
    May 31 at 6:06 pm

    Property Features for 411 Green Street NW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    O&I
    Parking
    10
    Parking features
    Parking Lot
    Security features
    Security
    Interior features
    Reception Area, Recessed Lighting, Restrooms
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    01024 004029
    Lot size
    0.20 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Central Air

    Building Details

    Year built
    1915
    Floors in Building
    2
    Flooring type
    Wood, Hardwood
    Building materials
    Fiber Cement, Lap Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    CHRISTINE SLATE

    Listing agent CHRISTINE SLATE

    Listing office Southern Realty of North GA, LLC. 5215 Shirley Rd., Gainesville, GA

    Listing date Mar 31, 2026

    MLS# 7744779

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Listed on the National Historic Register
    • Prime location on Green Street with excellent frontage, ideal for professional office use
    • Excellent parking facilities
    • Multiple office locations, reception area, full kitchen, and break room
    • Handicap accessible with ramp
    • Landlord handles yard maintenance, water, and sewer

    Overview

    Located in the heart of Gainesville, GA's Green Street, this historic office building offers excellent frontage and is ideally suited for professional offices, financial services, consulting, or real estate businesses. The property features a reception area, two half baths, one full bath, and a kitchen/break room. It also includes front and rear porches, multiple office locations, and excellent parking. The building meets all handicap requirements and has been freshly painted. A full kitchen is located on the lower level, with a half kitchen and coffee bar upstairs. A balcony is also available. The property is conveniently located within walking distance of the downtown square for lunch. Situated in a fast-growing city and county, this property is listed on the National Historic Register. The landlord takes care of yard maintenance and pays for water and sewer services. The lot size is 0.2 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Dental Office 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
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.826114
    Latitude
    34.304955

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    FAQs

    What type of property is this?
    Office building - Historic office building in Gainesville's Green Street district for rent.
    Where is this office building located?
    The property is located at 411 Green Street NW Gainesville, GA.
    What is the lease rate?
    The lease rate is $4,200 /Mo.
    What are key features of this property?
    This property features: Listed on the National Historic Register; **Prime location on Green Street with excellent frontage, ideal for professional office use**; Excellent parking facilities
    (404) 925-7324
    We can help!
    Listing Contact
    CHRISTINE SLATE
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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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    411 Green Street NW, Gainesville, GA 30501
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