Residential Corner Development
For Sale
$350,000
3 Milner Street, Temple, GA 30179
Commercial Sale, Temple, GA
Property Size1,560 SF
Lot Size1.13 Acres
Price / SF$224.36
Days on Market165
Property Features for 3 Milner Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Parking features
Parking Lot, On Street
Lot features
Corner Lot, Level
View
City
Directions
1-20 WEST TO HWY 113 TEMPLE EXIT, TURN RIGHT TOWARD HWY 78, TURN LEFT ON HWY 78, AT 1ST LIGHT TURN RIGHT ON JAMES ST, TRAVEL TOWARD DOWNTOWN TEMPLE, CROSS RR, TURN LEFT ON W JOHNSON ST(HWY 113) PROPERTY IS ON THE CORNER OF HWY 113 AND MILNER ST. SIGN IS FACING MILNER ST.
Standard status
Active
Size
1,560 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
598
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1892
Floors in Building
2
Listing Agency:
Georgia Life Realty
(770) 456-2600
Listed By:
MYRA L Williams
(770) 314-6589
Added: Mar 8
Changed: Aug 19
Last Checked: Aug 20 at 1:06PM
MLS# 7731717
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.
Investment Insights
Based on property information with market context.
This offering is a 1.13-acre corner lot zoned R3. The property includes a house on-site that requires tear-down, creating room for redevelopment or a new build.
The lot is described as being near commercial properties, which may support mixed-area planning within the constraints of the current zoning.
The site is listed for sale in Temple, Georgia (30179), in Carroll County.
The lot is described as being near commercial properties, which may support mixed-area planning within the constraints of the current zoning.
The site is listed for sale in Temple, Georgia (30179), in Carroll County.
Key Highlights
- 1.13 acre corner lot offers ample space and visibility.
- Great city location, enjoy urban convenience.
- Zoned residential but near commercial properties, explore possibilities.
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
$20,957
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
5.99%
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%
$419,140
$419.1K
Cap Rate 7%
$299,386
$299.4K
Cap Rate 9%
$232,856
$232.9K
Market Conditions
NOI Build-Up for 1,560 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
$40.6K $26.04/SF
− Vacancy
−$2.5K −$1.61/SF
EGI
$38.1K $24.43/SF
− OpEx
−$17.1K −$10.99/SF
NOI
$21.0K $13.43/SF
Area
Carroll County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$419,140
Cap Rate 7%
$299,386
Cap Rate 9%
$232,856
Alternative Uses
Best Use
Apartment 5plus
$299.4K
$262.0K – $349.3K
NOI $20,957 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.1K
$381.6K – $508.8K
NOI $30,526 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 30179, GA
18,577
Population
7,064
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
73.3 sq mi
ZIP Area
253
Density / Sq Mi
$79,311
Median Household Income
$39,553
Median Earnings
$1,129
Median Rent
$217,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.13-acre corner lot in R3 zoning with an on-site house that needs demolition.
Where is this residential land & home lot located?
The property is located at 3 Milner Street Temple, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1.13 acre corner lot offers ample space and visibility.; Great city location, enjoy urban convenience.; Zoned residential but near commercial properties, explore possibilities.
