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

    1758 Willingham Ave Cornelia, GA 30531

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $385,000

    Large Corner Lot, Endless Possibilities

    Property size:
    4,853 SF

    Property Features for 1758 Willingham Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,853 SF
    Lot Size
    76,666 SF

    Building Details

    Year Built
    1907

    We can help!

    Listing Contact
    Briana Burruss

    Listing Agency: Keller Williams Lanier Partner Listing Agent: Briana Burruss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,853 square foot property, situated on a 1.76-acre corner lot in Cornelia, Georgia, presents a compelling investment opportunity. Currently zoned residential, this property boasts significant potential for commercial redevelopment, as evidenced by its prime location amidst existing commercial businesses on a busy street. The substantial main structure offers multiple entrances, providing convenient access for clients and employees. A main floor bathroom adds practicality. Ample parking is available, thanks to both front and rear driveways ensuring easy ingress and egress. The property's strategic location offers excellent visibility and accessibility, being less than half a mile from Highway 441 and just four minutes from Habersham County Airport. An appraisal is readily available for serious inquiries. The existing residential structure provides a solid foundation for conversion or repurposing, making this a unique opportunity to capitalize on a high-traffic location and substantial square footage. The large lot size offers flexibility for expansion or additional development. This property is ideal for a wide range of commercial uses, offering a blend of existing infrastructure and significant upside potential. Don't miss this chance to acquire a prime commercial property in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelia
    County
    Habersham
    State
    Georgia
    Longitude
    -83.53059
    Latitude
    34.49892

    Nearby Similar for Sale

    • $799,000
      5,141 SF

      Quality Brick Office Building

      Free-standing brick office building in growing business community.
      135 Midway Xing, Cornelia, GA 30531
      View Details
    • New
      $579,000
      14,510 SF

      Historic Cornelia Industrial Opportunity

      Spacious industrial building in growing downtown Cornelia, Georgia.
      438 Irvin St, Cornelia, GA 30531
      View Details
    • $350,000
      4,553 SF

      Downtown Cornelia Commercial Building For Sale

      Versatile commercial building in downtown Cornelia with office space.
      228 N Main St, Cornelia, GA 30531
      View Details
    • $350,000
      4,553 SF

      Downtown Cornelia Commercial Building For Sale

      Versatile commercial building in downtown Cornelia with office space.
      228 N Main St, Cornelia, GA 30531
      View Details
    • $2,000,000
      30,000 SF

      Commercial Space in Cornelia, Georgia

      Two-building commercial space with redevelopment potential near downtown Cornelia.
      482 Chattahoochee St, Cornelia, GA 30531
      View Details
    • $99,000
      0.25 Acres

      Multifamily-Zoned Land in Downtown Cornelia

      Multifamily-zoned property in revitalizing downtown Cornelia, near Highway 365/985.
      Irvin St, Cornelia, GA 30531
      View Details
    • $799,000

      Free-Standing Brick Office Building

      Spacious brick office building with ample parking in growing community.
      135 Midway Xing, Cornelia, GA 30531
      View Details
    • $579,000

      Versatile Industrial Space in Cornelia

      Spacious industrial building with historic character in growing downtown Cornelia.
      438 Irvin St, Cornelia, GA 30531
      View Details
    • $350,000

      Downtown Cornelia Commercial Building

      Versatile commercial building in downtown Cornelia with office space.
      228 N Main St, Cornelia, GA 30531
      View Details
    • $199,900
      1,800 SF

      Downtown Cornelia Commercial Gem

      Versatile 1800 sq ft space, prime location.
      161 Hodges St, Cornelia, GA 30531
      View Details
    • $790,000
      4,992 SF

      Versatile Commercial Space in Cornelia

      Expansive 4,992 SF commercial space suitable for various business needs.
      121 Midway Dr, Cornelia, GA 30531
      View Details
    • $750,000
      10.83 Acres

      Cornelia Commercial Land - 10 Acres

      High-visibility commercial land, ideal for development.
      4444 State Hwy, Cornelia, GA 30531
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Large Corner Lot, Endless Possibilities
    Where is this commercial real estate located?
    The property is located at 1758 Willingham Ave Cornelia, GA.
    What is the asking price?
    The asking price for this property is $385,000.
    (770) 503-7070
    Request Owner's contact information
    1758 Willingham Ave Cornelia, GA 30531
    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.
    1758 Willingham Ave
    Cornelia, GA 30531
    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
    1758 Willingham Ave Cornelia, GA 30531
    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
    Briana Burruss
    (770) 503-7070
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!