Leased Downtown
For Sale
$345,000
203 N Louisville Street, Harlem, GA 30814
Commercial Sale, Harlem, GA
Property Size2,144 SF
Price / SF$160.91
Days on Market9
Property Features for 203 N Louisville Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Subdivision
Not In Subdivision
Directions
From I-20 enter downtown Harlem, property will be the last one on the left before the railroad tracks on N Louisville St
Standard status
Active
APN
H04 016
Size
2,144 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
.062 Acres
Tax Annual Amount
840
Legal Description
.062 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1959
Roof type
Metal, Concrete, Composition
Listing Agency:
Heggie's Rock Property Group,
(706) 830-0198
Listed By:
Adam Barinowski · License #454881
(706) 834-7350
Added: Oct 7
Changed: Oct 12
Last Checked: Oct 15 at 1:06AM
MLS# 100608834
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront at 203 N Louisville Street is currently leased and could also accommodate future owner occupancy. The building dates to 1959 and is zoned B-1.
Building systems and services include electric heat, public water, and public sewer. The roof is composition, concrete, or metal.
Building systems and services include electric heat, public water, and public sewer. The roof is composition, concrete, or metal.
Key Highlights
- Currently leased, with potential for future owner occupancy
- B‑1 zoning
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,884
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,680
$477.7K
Cap Rate 7%
$341,200
$341.2K
Cap Rate 9%
$265,378
$265.4K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$35.5K $16.56/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$34.1K $15.91/SF
− OpEx
−$10.2K −$4.77/SF
NOI
$23.9K $11.14/SF
Area
Columbia County, GA
Vacancy
3.90%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,680
Cap Rate 7%
$341,200
Cap Rate 9%
$265,378
Alternative Uses
Best Use
Retail
$341.2K
$298.6K – $398.1K
NOI $23,884 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.7K
$592.1K – $789.5K
NOI $47,371 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30814, GA
9,509
Population
4,269
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
92%
High-School Grad
53.5 sq mi
ZIP Area
178
Density / Sq Mi
$74,641
Median Household Income
$47,317
Median Earnings
$502
Median Rent
$212,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The current tenancy provides rental income, with the possibility of future owner occupancy.
Where is this storefront property located?
The property is located at 203 N Louisville Street Harlem, GA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Currently leased, with potential for future owner occupancy; B‑1 zoning; Built in 1959
