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    477 First St Blue Ridge, GA 30513

    Sponsored
    For Sale
    Under Contract
    $3,000,000

    Commercial - Blue Ridge, GA

    Property size:
    5,820 SF
    Lot size:
    0.34 Acres
    Days on Market:
    133
    Last Refresh:
    Jan 20 at 3:06 am

    Property Features for 477 First St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Security features
    Security System
    Zoning
    CBD
    Parking
    9
    Parking features
    Paved or Surfaced
    Interior features
    Garage Doors, Gas, Ceiling Fan(s), Security System, Living Quarters, Private Restrooms, Cable TV Available, Telephone, Sheetrock, Wood
    Size
    5,820 SF
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1890
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristin Young
    Kristin Young

    Mountain Sotheby's International Realty (706) 222-5588

    Listing agent Kristin Young (706) 222-5588

    Listing date Sep 10, 2025

    MLS# 416491 Listing URL

    Copyright © 2026 Northeast Georgia Board of Realtors. 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

    Historic Blue Ridge Inn For Sale

    The Blue Ridge Inn, a historic Victorian residence built in 1890, is available for sale. This 6,000-square-foot boutique inn, meticulously preserved and renovated, stands as a cornerstone of the downtown community. The property features nine guest rooms and suites, including a 900 sq ft "Lodge" with a full kitchen, screened porch, and side yard, suitable for a luxury suite or owner's quarters. Inside, the inn offers sun-drenched parlors, an upstairs library, original hand-hewn railings, and old-growth Georgia hardwood floors. Guests enjoy a Southern breakfast in the dining room. The inn is positioned steps from the Blue Ridge Scenic Railway, with restaurants, shops, bars, art galleries, and parks within walking distance. The Blue Ridge Inn has a growing revenue stream and a robust online presence, attracting guests from across the U.S., Canada, Europe, and Asia. This turnkey business is located in a mountain town 90 minutes north of Atlanta. The property sits on a 0.34-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blue Ridge Inn ... Bed & Breakfast Tesla Destination Charger Electric Vehicle Charging Station

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Realty agency Pharmacy

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

    Similar Places Nearby

    Blue Ridge Inn Bed and Breakfast, Acorn Bungalow, Panaramic Grace, Martini Mountain Downtown, Sky High Lodge

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin
    State
    Georgia
    Longitude
    -84.3254034
    Latitude
    34.8663385

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    FAQs

    What type of property is this?
    Bed & breakfast - Iconic Victorian inn in downtown Blue Ridge, Georgia.
    Where is this bed & breakfast located?
    The property is located at 477 First St Blue Ridge, GA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Historic Victorian inn built in 1890, meticulously preserved and renovated.; - Thriving, profitable turnkey business with a steadily growing revenue stream and robust online presence.; - Prime downtown location steps from the Blue Ridge Scenic Railway and within walking distance of restaurants, shops, and attractions.
    (706) 633-4494
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    477 First St Blue Ridge, GA 30513
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    Blue Ridge, GA 30513
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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
    477 First St Blue Ridge, GA 30513
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    We can help!
    Listing Contact
    Kristin Young
    Kristin Young
    Real Estate License ID: 375847
    (706) 633-4494
    Learn more
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