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    69 E North Avenue Comer, GA 30629

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    Claim this Listing
    For Lease
    $1,785 /Mo

    COMMERCIAL - Comer, GA

    Property size:
    1,190 SF
    Lot size:
    0.02 Acres
    Added:
    Sep 17, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 10 at 6:06 pm

    Property Features for 69 E North Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B-R
    Parking
    25
    Interior features
    High Ceilings
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    CO02 023
    Size
    1,190 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Description
    CO02 023

    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
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Eleshea Borders

    Listing agent Eleshea Borders License #392769

    Listing office Classic Team Realty 1351 Jennings Mill Rd., Ste. B2, Watkinsville, GA

    Listing date Sep 17, 2025

    MLS# CL340061

    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.

    Overview

    Downtown Comer Commercial Space Available

    Located in Downtown Comer, this 1190 square foot commercial space presents a unique leasing opportunity. Recently re-zoned to B-R (Business Residential), the space offers a customizable layout suitable for various business needs or a live-work setup. Potential uses include a coffee shop, boutique, aesthetic services, salon, or office spaces. The county has approved the possibility of adding a flat in the back, allowing for a combined residential and commercial use. Built in 1900, the space retains its original character with exposed brick walls, shiplap ceilings, and high ceilings. The storefront is undergoing remodeling with black metal, IPE, and new tinted glass. This space is one of three available, with updated, matching exterior front entrances and new windows and doors on the front and back. The property features front and rear exterior access and will soon have electricity, public water, city sewer, and air conditioning connected. A new roof is planned for installation in July 2025. Located in the heart of Downtown Comer, the space is expected to be ready for tenant buildout around November.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Comer
    County
    Madison
    State
    Georgia
    Longitude
    -83.126537
    Latitude
    34.062855

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Comer Commercial Space Available

      Unique commercial space in downtown Comer, ready for customization.
      73 E North Ave, Comer, GA 30629
      View Details
    • Contact for pricing

      Downtown Comer Live-Work Space

      Unique commercial space with live-work potential in downtown Comer.
      71 E North Avenue, Comer, GA 30629
      View Details

    FAQs

    What type of property is this?
    Retail space - Unique commercial space in downtown Comer, ready for customization.
    Where is this retail space located?
    The property is located at 69 E North Avenue Comer, GA.
    What is the lease rate?
    The lease rate is $1,785 /Mo.
    What are key features of this property?
    This property features: B‑R zoning allows for flexible use as a business, residence, or combination of both; Prime Downtown Comer location with storefront windows and foot traffic; Unique character with original exposed brick walls, shiplap ceilings, and high ceilings
    (706) 215-5479
    We can help!
    Listing Contact
    Eleshea Borders
    Real Estate License ID: 392769
    Learn More
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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
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