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    Historic Corner Office and Retail Title is generated by Realmo AI

    272 Broad Street, Richland, GA 31825

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    For Sale
    $179,900

    COMMERCIAL - Richland, GA

    Property size:
    7,013 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $25/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 9:06 pm

    Property Features for 272 Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1
    Parking
    10
    Parking features
    Parking Lot
    Window features
    Display Window(s), Skylight(s)
    Interior features
    High Ceilings 10 or Greater, Reception Area, Restrooms
    Standard status
    Active
    APN
    R03 045
    Size
    7,013 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1984

    Utilities

    Utilities
    Water Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Vinyl, Hardwood
    Building materials
    Brick 4 Sides
    Roof type
    Flat

    We can help!

    Listing Contact
    Donna Wadsworth Quam

    Listing agent Donna Wadsworth Quam License #275436

    Listing office Keller Knapp 715 E Lake Dr, Decatur, GA

    Listing date Jun 1, 2026

    MLS# 7780471

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two interconnected historic commercial buildings on a prominent corner at Broad St and Wall St in downtown Richland, GA
    • Main level features a functional banking layout with reception area, restrooms, private offices, high ceilings (10+), and skylights
    • Brick 4‑sides construction with hardwood and vinyl flooring, plus central heat and central air
    • Unfinished second level with access from both the interior and a separate exterior entrance
    • Multiple entrances from Broad St and the side street, including a drive‑through, plus a paved parking lot with ample parking
    • Flat roof; water available; year built 1900

    Overview

    This corner landmark property in downtown Richland, Georgia features two interconnected historic buildings with a functional, banking-style layout and an open main level. The heated and cooled space includes hardwood floors, soaring ceilings, and skylights, with private offices integrated into the plan. An unfinished second level is accessible from both the interior and a separate exterior entrance, offering space that can be adapted for additional offices, loft-style uses, event space, or other mixed-use concepts.

    The property is positioned at the highly visible intersection of Broad Street and Wall Street, with multiple entrances from Broad Street and a side street. A paved parking lot provides ample on-site parking, and a drive-through is included, supporting a range of commercial and professional uses. The listing is offered in C1 zoning.

    This setup can work well for tenants seeking a downtown headquarters or a combination of professional services and retail-facing space, with enough flexibility to reimagine the unfinished upper level depending on operational needs. The combination of multiple street-facing access points, on-site parking, and drive-through functionality may also appeal to users that want customer convenience without limiting service options to a single format.
    Property Profile Location Intelligence

    Current Use by Public Records

    Five Star Credit ... Credit Union

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Department Store Accounting Firm Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Stewart
    State
    Georgia
    Longitude
    -84.667081
    Latitude
    32.089326

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    FAQs

    What type of property is this?
    Office building - Two interconnected historic buildings with flexible layout, parking, and drive-through access in C1 zoning.
    Where is this office building located?
    The property is located at 272 Broad Street Richland, GA.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Two interconnected historic commercial buildings on a prominent corner at Broad St and Wall St in downtown Richland, GA; Main level features a functional banking layout with reception area, restrooms, private offices, high ceilings (10+), and skylights; Brick 4‑sides construction with hardwood and vinyl flooring, plus central heat and central air
    (678) 358-4321
    We can help!
    Listing Contact
    Donna Wadsworth Quam
    Real Estate License ID: 275436
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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.

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