Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    901 W Montgomery St Milledgeville, GA 31061

    View on Map
    New
    For Sale
    $240,000

    Commercial - Milledgeville, GA

    Property size:
    1,440 SF
    Lot size:
    0.51 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 7 at 11:06 am

    Property Features for 901 W Montgomery St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Community Commercial (CC)
    Exterior features
    Sidewalks, Private Parking
    Standard status
    Active
    Size
    1,440 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Year built
    1983
    Architectural style
    Other

    We can help!

    Listing Contact
    Fancy Robinson

    Listing agent Fancy Robinson

    Listing office Fickling & Company PO Box 310, Milledgeville, GA

    Listing date Apr 6, 2026

    MLS# 56608 Listing URL

    Copyright © 2026 Milledgeville 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

    Milledgeville Commercial Property For Sale

    Located at 901 W Montgomery Street in Milledgeville, this commercial property offers visibility along a highly trafficked corridor. The property includes a 1,440 square foot building situated on approximately 0.51 acres. The site has road frontage and easy ingress and egress. It is located minutes from downtown and near Georgia College & State University. The surrounding area benefits from student, residential, and commercial traffic. The building's layout is suited for retail, professional office, medical, or service-oriented use, with opportunities for customization. The property is located in Baldwin County and is zoned Community Commercial (CC).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.241842
    Latitude
    33.081791

    Nearby Similar for Sale

    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $300,000

      Historic Downtown Milledgeville Commercial Building

      Prime commercial building in historic downtown Milledgeville, Georgia.
      112 S Wayne, Milledgeville, GA 31061
      View Details
    • $750,000
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $399,000
      8,294 SF

      Milledgeville Retail Opportunity

      8,294 SF building on 0.52-acre lot near university.
      420 S WILKINSON STREET, Milledgeville, GA 31061
      View Details
    • $350,000

      Versatile Commercial Property on 2+ Acres

      Over 18,000 sq ft, ideal for various commercial uses.
      107 Sinclair Marina Rd, Milledgeville, GA 31061
      View Details
    • $298,900

      Commercial Building in Milledgeville, GA

      Commercial building with rental income potential in Milledgeville, GA.
      1013 Fernwood Drive, Milledgeville, GA 31061
      View Details
    • $399,900
      4,311 SF

      High-Visibility Commercial Property on Columbia Street

      Prime commercial property on Milledgeville's main corridor with high visibility.
      1531 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $349,900
      1,656 SF

      Two Income-Producing Duplex Buildings

      Two identical duplex buildings with tenants in place, great investment.
      2313 NE LAURA COURT, Milledgeville, GA 31061
      View Details
    • $1,650,000

      Turn-Key Medical Office Building

      Modernized medical facility near hospital, move-in ready with elevator.
      600 Cobb Street, Milledgeville, GA 31061
      View Details
    • $299,000
      3,993 SF

      Milledgeville Retail/Warehouse Opportunity

      Corner retail/warehouse with high visibility and traffic in Milledgeville.
      1590 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $419,900

      Downtown Milledgeville Mixed-Use Building

      Mixed-use building with storefronts and basement apartment in downtown.
      116 N Wayne ST, Milledgeville, GA 31061
      View Details
    • $298,900
      2,344 SF

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Drive, Milledgeville, GA 31061
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property with high visibility and flexible layout.
    Where is this storefront property located?
    The property is located at 901 W Montgomery St Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: High‑visibility location on a highly trafficked corridor.; 1,440 sq ft building on 0.51 acres, suitable for parking, expansion, or outdoor operations.; Excellent accessibility with strong road frontage and easy ingress/egress.
    (478) 451-9772
    We can help!
    Listing Contact
    Fancy Robinson
    Real Estate License ID: 432116
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!