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

    2895 Ila Rd Commerce, GA 30530

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    5,000 SF office/warehouse with expansion potential and outside storage.

    We can help!

    Listing Contact
    J. Otis Rylee
    J. Otis Rylee
    Source: Naiglobal

    Listing Agent: J. Otis Rylee

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

    Learn more

    Overview

    Office/Warehouse Space for Lease

    This property features a 5,000 square foot office/warehouse building with 2,600 square feet of office space. It includes two drive-in doors, each measuring 14 feet high by 12 feet wide. The warehouse area has a clear height of 16 feet. The building offers the possibility of expansion. Additionally, up to 5.38 acres of outside storage space is available.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.39669
    Latitude
    34.187836

    Nearby Similar for Lease

    • New
      $1,500 /Mo
      3,948 SF

      Retail Space in Commerce, GA

      Retail space available in a high-traffic area of Commerce.
      211 Homer Rd, Commerce, GA 30529
      View Details
    • New
      $515 /Mo
      100 SF

      Executive Offices in Medical Complex

      Turnkey executive offices in Commerce, GA, starting at $515/month.
      170 Cardiology Pl, Commerce, GA 30529
      View Details
    • New
      $5,400 /Mo
      36,155 SF

      Medical Building Available For Lease

      Stand-alone medical building with flexible layout and renovation options.
      170 Cardiology Pl, Commerce, GA 30529
      View Details
    • New
      $5,400 /Mo
      4,658 SF

      Medical Building Available For Lease

      Stand-alone medical building on 0.83 acre lot with ample parking.
      170 Cardiology Pl, Commerce, GA 30529
      View Details
    • New
      $515 /Mo
      36,155 SF

      Executive Offices in Medical Complex

      Turnkey executive offices in Commerce, GA, starting at $515/month.
      170 Cardiology Unit Executive Office, Commerce, GA 30529
      View Details
    • New
      $2,000 /Mo
      36,155 SF

      Medical Office Space For Rent

      1,500 sq ft medical suite with build-to-suit options.
      170 Cardiology Pl Unit, Commerce, GA 30529
      View Details
    • New
      $2,000 /Mo
      1,500 SF

      Medical Office Space Available

      1,500 sq ft medical suite for lease.
      170 Cardiology Pl Unit, Commerce, GA 30529
      View Details
    • $16 SF/Yr
      4,950 SF

      Downtown Commerce Commercial Space Available

      Character-rich, remodeled commercial space in the heart of Commerce, GA.
      1642 S Broad St, Commerce, GA 30529
      View Details
    • $5,750 /Mo
      3,000 SF

      Medical Office in Banks Crossing

      3000 sq ft medical office in high-traffic area.
      2151 Homer Rd Unit, Commerce, GA 30529
      View Details
    • $5,750 /Mo
      3,000 SF

      Move-in Ready Medical Office Space

      3000 sq ft medical office in high-traffic Banks Crossing.
      2151 Homer Rd Unit, Commerce, GA 30529
      View Details
    • $13 SF/Yr

      Office Space Near I-85

      Well-maintained office space available for lease near SK Battery.
      232 Industrial Park Dr, Commerce, GA 30529
      View Details
    • $10 SF/Yr
      5,000 SF

      Office/Warehouse with Expansion Potential

      5,000 SF office/warehouse with expansion and outside storage.
      2895 Ila Rd, Commerce, GA 30530
      View Details

    FAQs

    What type of property is this?
    Flex space - 5,000 SF office/warehouse with expansion potential and outside storage.
    Where is this flex space located?
    The property is located at 2895 Ila Rd Commerce, GA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Up to 5.38+/- acres of outside storage; - Expandable building; - 5,000 SF Office/Warehouse, including **2,600 SF Office**
    (706) 870-0621
    Request Owner's contact information
    2895 Ila Rd Commerce, GA 30530
    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.
    2895 Ila Rd
    Commerce, GA 30530
    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
    2895 Ila Rd Commerce, GA 30530
    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
    J. Otis Rylee
    J. Otis Rylee
    Real Estate License ID: 353368
    (706) 870-0621 (770) 532-9911
    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!