Versatile Commercial/Industrial
For Sale
$1,500,000
225 Clover Avenue, Comer, GA 30629
Commercial/industrial property with potential, including a large open area.
Property Size20,000 SF
Lot Size10.29 Acres
Price / SF$75
Days on Market251
Property Features for 225 Clover Avenue
General Information
Standard status
Active
Size
20,000 SF
Lot size
10.29 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,987
Amenities
Central air
Corner Lot
Composition Roof
Concrete Flooring
Electric Cooling
Electric Heating
Parking Lot
Paved
Building Details
Year Built
1980
Listing Agency:
Maynard Realty LLC
Listed By:
Dustin Self
Source:
Corcoran
Added: Dec 16, 2025
Changed: Aug 24
Last Checked: Aug 24 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maynard Realty LLC
Investment Insights
Based on property information with market context.
This property presents a significant opportunity for commercial or industrial applications. Currently utilized as a youth center by a church, the space features a new roof, a recently serviced sprinkler system, and a paved parking lot. A loading dock facilitates efficient operations, complemented by dedicated office space. The property includes a substantial 20,000 sq ft open area at the rear, offering versatile usage possibilities.
Key Highlights
- Huge 20,000 sq ft open area, ready for your vision.
- Suitable for commercial or industrial use.
- New roof provides peace of mind.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,837
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,436,740
$2.4M
Cap Rate 7%
$1,740,529
$1.7M
Cap Rate 9%
$1,353,744
$1.4M
Market Conditions
NOI Build-Up for 20,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$189.6K $9.48/SF
− Vacancy
−$15.5K −$0.78/SF
EGI
$174.1K $8.70/SF
− OpEx
−$52.2K −$2.61/SF
NOI
$121.8K $6.09/SF
Area
Madison County, GA
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,436,740
Cap Rate 7%
$1,740,529
Cap Rate 9%
$1,353,744
Alternative Uses
Best Use
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,817 @ 7.0% cap · market cap 9.79%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,837 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,498 @ 7.0% cap · market cap 22.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 30629, GA
4,950
Population
1,975
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
79%
High-School Grad
74.4 sq mi
ZIP Area
67
Density / Sq Mi
$58,806
Median Household Income
$36,934
Median Earnings
$911
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Commercial/industrial property with potential, including a large open area.
Where is this church & religious facility located?
The property is located at 225 Clover Avenue Comer, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Huge 20,000 sq ft open area, ready for your vision.; Suitable for commercial or industrial use.; New roof provides peace of mind.
