Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    699 Short St E Thomaston, GA 30286

    Sponsored
    For Sale
    $699,000

    Commercial - Thomaston, GA

    Property size:
    32,000 SF
    Lot size:
    0.77 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 19 at 11:06 am

    Property Features for 699 Short St E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    32,000 SF
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Attic Fan, Central Air, Zoned

    Building Details

    Year built
    1980
    Flooring type
    Carpet, Other, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Judy Greene

    Berkshire Hathaway HomeServices Georgia Properties (770) 719-9400 [email protected]

    Listing agent Judy Greene (770) 719-9400

    Listing date Jan 1, 2026

    MLS# 10461434 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. 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

    Overview

    Thomaston Commercial Property For Sale

    Located an hour south of the Atlanta Airport, this commercial property is situated off Highway 19. The strip mall features four retail or office spaces at the front, totaling 16,000 square feet. The lower level provides an additional 16,000 square feet of warehouse or storage area, bringing the total square footage to 32,000. Parking space accommodates approximately 40 cars. Entering from behind the building, there are four large warehouse spaces, all currently rented. The property is located on 0.77 acres on a busy city street, visible from US Highway 19. It is an income-producing property with long-term rentals. There is access to extra land in the rear for expansion. The property is located near Walgreens and Hardees, making it suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.327879
    Latitude
    32.901758

    Nearby Similar for Sale

    • $289,000
      2,373 SF

      Turn-Key Business in Downtown Thomaston

      Turn-key business with ax throwing venue and custom bar.
      106 N Church St, Thomaston, GA 30286
      View Details
    • $399,000
      3,256 SF

      Thomaston Multifamily Income Property

      Remodeled 12-bedroom multifamily property in Thomaston, Georgia.
      354 S Main St, Thomaston, GA 30286
      View Details
    • $649,900
      3,644 SF

      Prime Commercial Opportunity in Thomaston

      Well-located commercial building with high visibility and expansion potential.
      1412 Highway 19 N, Thomaston, GA 30286
      View Details
    • $750,000
      Pending

      Versatile Commercial Property in Thomaston, GA

      9,280 SF commercial building on 2.3 acres in Thomaston.
      2120 Highway 19 N, Thomaston, GA 30286
      View Details
    • $120,000
      1,128 SF

      Thomaston Commercial Building For Sale

      Charming commercial building near downtown and hospital in Thomaston, GA.
      501 W Gordon St, Thomaston, GA 30286
      View Details
    • $225,000
      3,158 SF

      Two-Story Building in Thomaston, GA

      Two-story building with potential for various uses in Thomaston.
      1293 S Highway St, Thomaston, GA 30286
      View Details
    • $399,900
      1,760 SF

      Remodeled Corner Building on Square

      Turn-key office/retail space in downtown Thomaston, remodeled in 2021.
      119 W Gordon St, Thomaston, GA 30286
      View Details
    • $129,900
      0.31 Acres

      Thomaston Duplex on 0.31 Acres

      Duplex in Thomaston, Georgia featuring two apartments on 0.31 acres.
      1427 Woodland Rd, Thomaston, GA 30286
      View Details
    • $300,000
      1,750 SF

      Downtown Thomaston Commercial Building

      Commercial building in historic downtown Thomaston, move-in ready and customizable.
      205 S Center St, Thomaston, GA 30286
      View Details
    • $419,000
      11,482 SF

      Thomaston Commercial Property on US-19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • $458,000
      0.34 Acres

      Thomaston Quadraplex Investment Opportunity

      Four-sided brick quadraplex near downtown Thomaston, generating $52,800 annual income.
      325 Thurston Ave, Thomaston, GA 30286
      View Details
    • $8,400,000
      100,000 SF

      Thomaston Manufacturing/Warehouse Opportunity

      30.08 acre commercial property with 101,500 SF warehouse.
      325 Goodrich Ave, Thomaston, GA 30286
      View Details

    FAQs

    What type of property is this?
    Strip mall - 32,000 SF commercial property on 0.77 acres in Thomaston.
    Where is this strip mall located?
    The property is located at 699 Short St E Thomaston, GA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Income-producing property with long-term rentals in place; - **High-visibility location** on a busy city street, visible from US Hwy 19; - Large 32,000 sq ft building with retail/office space and warehouse/storage area
    (770) 715-2272
    Request Owner's contact information
    699 Short St E Thomaston, GA 30286
    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.
    699 Short St E
    Thomaston, GA 30286
    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
    699 Short St E Thomaston, GA 30286
    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

    We can help!
    Listing Contact
    Judy Greene
    Real Estate License ID: 277692
    (770) 715-2272
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.