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    Molena, GA 30258 Molena, GA 30258

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    For Sale
    $685,000

    COMMERCIAL - Molena, GA

    Property size:
    7,206 SF
    Lot size:
    0.63 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 15 at 8:06 pm

    Property Features

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    019A 014
    Size
    7,206 SF
    Lot size
    0.63 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Heat Pump (Heating), Electric (Heating), Zoned
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1950
    Flooring type
    Hardwood, Laminate
    Building materials
    Brick

    We can help!

    Listing Contact
    John Paul Phillips
    John Paul Phillips

    Listing agent John Paul Phillips License #383326

    Listing office Keller Williams Atlanta Partners - Peach 1200 Commerce Drive, Peachtree City, GA

    Listing date Mar 16, 2026

    MLS# 230455

    Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Molena Commercial Opportunity For Sale

    Located in downtown Molena, Georgia, this property features two brick commercial buildings constructed in 1950, along with a log home built in 1900. The property is suitable for establishing a restaurant, boutique, Airbnb, or mixed-use enterprise. One building offers a spacious area with oak hardwood floors, suitable for studio, office, or retail use. The other building is designed for hospitality, featuring an open layout, tiled bathroom, pine and oak hardwood floors, and a kitchen equipped with stainless sinks and an electric oven/range. Upstairs, there are four remodeled guest rooms in the form of a bed and breakfast, each with a separate bathroom including a clawfoot tub and vanity. A laundry area in the corridor includes a stainless sink, washer, and dryer. Both buildings are equipped with solar panels and a covered back porch suitable for outdoor dining or seating. The property also includes a 726-square-foot single-family home built in 1900, situated on a 0.51-acre lot. This residence has one bedroom and one bathroom, a family room/dining room combo, and a functional kitchen. Currently tenant-occupied, it provides rental income and can serve as a primary residence, weekend retreat, or investment property. The total property size is 7206 square feet on a 0.63-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Molena
    County
    Pike
    State
    Georgia
    Longitude
    -84.499761
    Latitude
    33.011629

    FAQs

    What type of property is this?
    Mixed-use property - Two commercial buildings, a house, ideal for restaurant, retail, Airbnb.
    Where is this mixed-use property located?
    The property is located at Molena, GA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Unique opportunity: two commercial brick buildings and a residential log home in downtown Molena.; 20 Spring Road: Designed for hospitality, featuring a large open layout, kitchen with stainless steel appliances, and upstairs bed and breakfast with four remodeled guest rooms, each with a private bathroom including a clawfoot tub.; 30 Spring Road: Spacious area with gorgeous oak hardwood floors, suitable for a studio, office, or retail space.
    (678) 416-9277
    We can help!
    Listing Contact
    John Paul Phillips
    John Paul Phillips
    Real Estate License ID: 383326
    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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