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

    Garnet Dr Ellijay, GA 30540

    Sponsored
    For Sale
    Under Contract
    $57,000

    LAND - Ellijay, GA

    Lot size:
    4.39 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 19 at 9:06 pm

    Property Features for Garnet Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    3052AM 051
    Lot size
    4.39 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Russel Troesken
    Russel Troesken

    Platinum Select Partners, LLC (678) 494-0644 [email protected]

    Listing agent Russel T Troesken (678) 494-0644

    Listing date Dec 29, 2025

    MLS# 10648281 Listing URL

    Copyright © 2025 Georgia Multiple Listing Service. 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

    Sprawling Land Parcel in Ellijay

    This is a sprawling 4.39 acre parcel formed by combining five lots. The property features frontage on two roads, with approximately 691 feet along Garnet Drive and 581 feet along Litmus Court. Building sites overlook a year-round stream fed by a spring located on the property. The land offers privacy and the potential for constructing a pond, guest house, or second home. An old farm road traverses the property and could be incorporated into a driveway. Mature walnut trees and stone stacks from an old farm are scattered throughout the land. The property is easily accessible from the Legion Road gate and is conveniently located near stores and restaurants. As part of the Coosawattee River Resort, amenities include three pools (one indoor and heated), tennis, basketball, and pickleball courts, a recreation center with a gym, a fishing pond, and river access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.542706
    Latitude
    34.668155

    Nearby Similar for Sale

    • $1,300,000
      74.55 Acres

      Mountain Farm with Rolling Pastures

      74+ acre farm with mountain views near Ellijay, GA.
      6267 Mount Pisgah Rd, Ellijay, GA 30540
      View Details
    • New
      $810,000
      3.53 Acres

      Three Duplexes in Mountain Setting

      Three updated duplexes in Ellijay, GA, with mountain views.
      139 Knight Road Ct, Ellijay, GA 30540
      View Details
    • $1,250,000
      9,128 SF

      Prime Commercial Space, Ellijay, GA

      High-visibility commercial building with development potential in Ellijay.
      36 Mulberry St, Ellijay, GA 30540
      View Details
    • $810,000
      4,000 SF

      Riverfront Commercial Property in Ellijay

      Versatile 4000 sq ft commercial space with river frontage.
      260 Mccutchen St, Ellijay, GA 30540
      View Details
    • New
      $199,900

      Turnkey Retail Business Opportunity

      Established retail business with inventory in North Georgia.
      14244 Hwy 515N, Ellijay, GA 30536
      View Details
    • $199,900

      Established Retail Business For Sale

      Turnkey retail business with inventory in high-traffic North GA area.
      14244 Hwy, Ellijay, GA 30536
      View Details
    • New
      $1,100,000
      44.30 Acres

      Waterfront Legacy Land in Ellijay

      Stunning 44.3-acre waterfront property with creek, pond, and utilities.
      2044 Stillwell Rd, Ellijay, GA 30540
      View Details
    • $200,000

      Established Restaurant in Ellijay, Georgia

      Successful Ellijay restaurant for sale with all equipment included.
      2020 Old Highway 5, Ellijay, GA 30540
      View Details
    • $89,900

      Downtown Ellijay Boutique Business Opportunity

      Established boutique business for sale in downtown Ellijay, Georgia.
      52 N Main St, Ellijay, GA 30540
      View Details
    • $89,900

      Established Boutique Business Opportunity

      Profitable clothing and gift boutique in downtown Ellijay for sale.
      52 Main St, Ellijay, GA 30540
      View Details
    • $4,195,000
      700 SF

      Architectural Retreat on 60 Acres

      Luxury glass-walled pavilions for short-term rental in North Georgia.
      536 Vayhaus Trl, Ellijay, GA 30540
      View Details
    • $760,000
      2,720 SF

      Downtown Ellijay Commercial Building

      Two-story commercial building in historic downtown Ellijay with dual income.
      4 Northside Sq, Ellijay, GA 30540
      View Details

    FAQs

    What type of property is this?
    Land - 4.39 acre land parcel with stream and resort amenities.
    Where is this land located?
    The property is located at Garnet Dr Ellijay, GA.
    What is the asking price?
    The asking price for this property is $57,000.
    What are key features of this property?
    This property features: - Large 4.39+\/- acre parcel offering significant privacy and development potential.; - Frontage on two roads (Garnet Drive & Litmus Ct) with approximately 691' and 581' of frontage respectively.; - **Year-round stream fed by a spring on the property, with several building sites overlooking it.**
    (678) 494-0644
    Request Owner's contact information
    Garnet Dr Ellijay, GA 30540
    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.
    Garnet Dr
    Ellijay, GA 30540
    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
    Garnet Dr Ellijay, GA 30540
    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
    Russel Troesken
    Russel Troesken
    Real Estate License ID: 347166
    (678) 494-0644
    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.