Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Commercial Building in Commerce Title is generated by Realmo AI

    399 S Elm St, Commerce, GA 30529

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Updated commercial building with flexible C2 zoning and fenced yard.

    Type:Office
    Property size:
    1,920 SF
    Price / SF:
    $153/SF
    Added:
    Dec 17, 2025
    Days on Market:
    166
    Last Refresh:
    Mar 16 at 1:35 pm

    Property Features for 399 S Elm St

    General Information

    Standard status
    Active
    Size
    1,920 SF
    Property subtype
    Office

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Alexander Purcell

    Listing agent Alexander Purcell License #GA 394288

    Listing office Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE

    Listing date Dec 17, 2025

    Source Crexi

    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 Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE

    HighLights

    • Turn‑key investment: Tastefully updated and in great shape, ready for immediate occupancy.
    • Versatile C2 zoning: Allows for many different commercial uses.
    • Functional layout: Includes 4 private offices, a meeting room, storage rooms, and a break room.
    • Convenient location: Situated in downtown Commerce, just 1 minute from Hwy 441.
    • Secure storage and parking: Features a fenced‑in yard and private gate.
    • Updated interior: Boasts LVP flooring, fresh paint, custom trimwork, and high‑end cabinetry.

    Overview

    This updated commercial building is located in downtown Commerce. The property was recently used as a high-end office space. The building is zoned C2, allowing for various uses. The layout includes 4 private offices, a meeting room, several storage rooms, and a break room. There are also 2 restrooms. Interior features include LVP flooring, fresh paint, and custom trimwork. One of the large meeting rooms has high-end cabinetry installed. The location is approximately 1 minute from Hwy 441. The property includes a fenced yard and private gate for extra storage and parking. The building size is 1920 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southside Mortuary Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.4439767
    Latitude
    34.1879138

    Nearby Similar for Sale

    • $579,900
      3,768 SF

      Restored Neoclassical Event Venue

      Turnkey event venue with historic charm and modern amenities.
      1029 Elm Street, Commerce, GA 30529
      View Details
    • $345,900
      5,250 SF

      Versatile Commercial Property in Commerce

      5,250 SF commercial property on 0.74 acres with parking.
      690 Homer Road, Commerce, GA 30529
      View Details
    • $315,000
      6,760 SF

      Downtown Commerce Two-Story Office Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State Street, Commerce, GA 30529
      View Details
    • $315,000
      6,760 SF

      Downtown Commerce Two-Story Office Building

      Two-story commercial building with flexible office space in downtown Commerce.
      15 State Street, Commerce, GA 30529
      View Details
    • $339,000
      4,516 SF

      Commercial Office on Main Street

      Commercial office building featuring offices, conference rooms, and sauna.
      1782 N Broad Street, Commerce, GA 30529
      View Details
    • $339,000
      4,516 SF

      Commercial Office with Storefront

      Commercial office with storefront on main street in Commerce, GA.
      1782 N Broad Street, Commerce, GA 30529
      View Details
    • $3,000,000
      5,701 SF

      Turn-Key Estate with Income Potential

      Luxury estate for living, events, and short-term stays.
      7527 Highway 326, Commerce, GA 30530
      View Details
    • $295,000
      1,920 SF

      Updated Commercial Building in Commerce

      Updated commercial building with flexible layout and fenced yard.
      399 S Elm Street, Commerce, GA 30529
      View Details
    • $295,000
      1,920 SF

      Updated Commercial Building in Commerce

      Turn-key commercial building with office space, storage, and fenced yard.
      399 Elm Street, Commerce, GA 30529
      View Details
    • $515,000
      2,248 SF

      Income Producing Mobile Home Park

      Mobile home park with additional home near downtown Commerce.
      581/603 Ila Road, Commerce, GA 30529
      View Details
    • $895,000
      6,000 SF

      6,000 SF Office Investment Opportunity

      6,000 SF office near I-85 and SK Battery.
      232 Industrial Park Dr # 0, Commerce, GA 30529
      View Details
    • $799,000

      26 Acres Mini-Farm with River Frontage

      Remodeled home on 26 acres, mini-farm, river frontage.
      731 Borders Road, Commerce, GA 30530
      View Details

    FAQs

    What type of property is this?
    Office building - Updated commercial building with flexible C2 zoning and fenced yard.
    Where is this office building located?
    The property is located at 399 S Elm St Commerce, GA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Turn‑key investment: Tastefully updated and in great shape, ready for immediate occupancy.; Versatile C2 zoning: Allows for many different commercial uses.; Functional layout: Includes 4 private offices, a meeting room, storage rooms, and a break room.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alexander Purcell
    Real Estate License ID: GA 394288
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    399 S Elm St, Commerce, GA 30529
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!