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    33 Rose Petal Ln Ellijay, GA 30540

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    For Sale
    $1,329,900

    7,140 SF mixed-use property with multiple revenue streams.

    Lot size:
    0.99 Acres

    Property Features for 33 Rose Petal Ln

    General Information

    Standard status
    Active
    Lot size
    0.99 Acres

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    The Cindy West Team
    Source: Corcoran

    Listing Agency: Remax Town & Country – The Cindy West Team Listing Agent: The Cindy West Team

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

    Learn more

    Overview

    Turn-Key Commercial Opportunity

    This 7,140 square foot mixed-use property offers multiple revenue streams and possibilities. Located off Hwy 515 with access to Ellijay and Blue Ridge, the property features a 3,100 square foot Airbnb and event venue designed to host gatherings of up to 60 people, with guest quarters that can sleep up to 34. The main level includes 4 guest rooms that sleep up to 14, 2 bathrooms, a full kitchen, laundry, and an outdoor courtyard. The upstairs features a 2-level apartment that sleeps up to 20, with a full kitchen, laundry, 4 guest rooms plus a bunk room, and 3 bathrooms. There are also three office suites, each with private bathrooms and separate front and rear entrances. These spaces are currently fully rented and suitable for a law office, real estate brokerage, accounting firm, gallery, medical office, creative studio, or professional offices. The property is suitable for a venue, boutique lodging experience, gallery, retail concept, professional offices, or a mixed-use investment.
    Location Intelligence

    Current Use by Public Records

    High Country Lodge ... Wedding Service Deep South Station Hotel & Motel Boudoir By Hannah ... Photography Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel HVAC Service Garden Center Furniture & Home Goods Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.454397
    Latitude
    34.71703

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      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF mixed-use property with multiple revenue streams.
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      View Details
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      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF commercial property with multiple revenue streams.
      33 Rose Petal Ln, Ellijay, GA 30540
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 7,140 SF mixed-use property with multiple revenue streams.
    Where is this mixed-use property located?
    The property is located at 33 Rose Petal Ln Ellijay, GA.
    What is the asking price?
    The asking price for this property is $1,329,900.
    What are key features of this property?
    This property features: - Turn-key commercial property with multiple revenue streams (Airbnb, event venue, office suites).; - **7,140 SQ FT property featuring a 3,100 SQ FT Airbnb and event venue** that can host up to 60 people and sleep up to 34 guests.; - **Impressive 2-level apartment with full kitchen, laundry, 4 guest rooms plus bunk room, and 3 bathrooms** (sleeps up to 20).
    (706) 406-5572
    Request Owner's contact information
    33 Rose Petal Ln Ellijay, GA 30540
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    Ellijay, GA 30540
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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.

    More about this property
    33 Rose Petal Ln Ellijay, GA 30540
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    We can help!
    Listing Contact
    The Cindy West Team
    (706) 406-5572 (706) 455-8800 (706) 632-4422
    Learn more
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