Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Blue Ridge Title is generated by Realmo AI

    742 2nd Street, Blue Ridge, GA 30513

    View on Map
    Claim this Listing
    For Sale
    $999,900

    Commercial Lot - Blue Ridge, GA

    Lot size:
    0.96 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    79
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 742 2nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C-1
    Standard status
    Active
    APN
    BR02-023; BR02 022
    Lot size
    0.96 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Keel
    Gary Keel

    Listing agent Gary Keel

    Listing office Keel Properties, Inc. 610 E Second St, GA

    Listing date Mar 3, 2026

    MLS# 414952 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.

    HighLights

    • Zoned Commercial (C‑1)
    • 0.96 Acre Tract
    • Gravity flow sanitary sewer
    • Public water
    • Power available
    • Gentle topography

    Overview

    This 0.96-acre tract, zoned C-1 for commercial use, features gravity flow sanitary sewer, public water, and power. The topography is gentle. It is an ideal site for a commercial building or residential lots. Note that there is a well located on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sky High Lodge Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin
    State
    Georgia
    Longitude
    -84.3239923
    Latitude
    34.8638127

    Nearby Similar for Sale

    • $895,000
      2,040 SF

      Established Restaurant in Blue Ridge

      Profitable restaurant investment opportunity in a prime Blue Ridge location.
      2414 E First Street, Blue Ridge, GA 30513
      View Details
    • $2,500
      3,800 SF

      Blue Ridge Commercial Flex Space

      Versatile commercial property with office and warehouse space in Blue Ridge.
      419 Ballewtown Road, Blue Ridge, GA 30513
      View Details
    • $3,499,900
      11,200 SF

      Remodeled Mixed-Use Building in Blue Ridge

      Remodeled mixed-use property with retail, wine bar, and offices.
      146 Depot Street, Blue Ridge, GA 30515
      View Details
    • $2,500
      1,380 SF

      Blue Ridge Retail/Office Space

      Prime commercial space in Blue Ridge, available June 1, 2026.
      3900 East First Street, Blue Ridge, GA 30513
      View Details
    • $3,675,000
      9,200 SF

      Renovated Retail Building in Blue Ridge

      Multi-tenant retail building with investment or owner/user potential.
      10091 Blue Ridge Drive, Blue Ridge, GA 30513
      View Details
    • $1,235,000
      1,507 SF

      Prime Corner Lot in Blue Ridge

      1.1-acre corner lot with a 1930 farmhouse in downtown Blue Ridge.
      200 River Street, Blue Ridge, GA 30513
      View Details
    • $4,000
      864 SF

      Downtown Blue Ridge Commercial Space

      Prime commercial space in the heart of downtown Blue Ridge.
      56 Mountain Street, Blue Ridge, GA 30513
      View Details
    • $4,500

      Downtown Blue Ridge Commercial Space

      Prime commercial space in downtown Blue Ridge, high-traffic location.
      322 Main Street, Blue Ridge, GA 30513
      View Details
    • $485,000

      Blue Ridge Commercial Lot

      Commercial lot in Blue Ridge with mountain views and utilities.
      Blue Ridge Overlook, Blue Ridge, GA 30513
      View Details
    • $384,900

      Blue Ridge Mountain View Lot

      4.65 acre vacant lot with mountain views in Blue Ridge.
      Lt 11 Haven Way, Blue Ridge, GA 30513
      View Details
    • $749,999
      1,008 SF

      Modern Home with Commercial Building

      Two-bed, two-bath home with income-producing commercial building.
      121 Old Highway 5, Blue Ridge, GA 30513
      View Details
    • $375,000

      Land with Cabin Near Forest

      4.29 acres with a partially completed cabin near National Forest.
      8072 Doublehead Gap Road, Blue Ridge, GA 30513
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.96 acre commercial lot with utilities in Blue Ridge.
    Where is this commercial land located?
    The property is located at 742 2nd Street Blue Ridge, GA.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: Zoned Commercial (C‑1); 0.96 Acre Tract; Gravity flow sanitary sewer
    (404) 213-5754
    We can help!
    Listing Contact
    Gary Keel
    Gary Keel
    Real Estate License ID: 107750
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    742 2nd Street, Blue Ridge, GA 30513
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!