Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Pad Site For Rent Title is generated by Realmo AI

    516 Old Historic U.S 441, Cornelia, GA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial pad site with high visibility and traffic counts.

    Type:LAND
    Lot size:
    0.70 Acres
    Added:
    Sep 20, 2025
    Days on Market:
    246
    Last Refresh:
    Apr 5 at 10:39 pm

    Property Features for 516 Old Historic U.S 441

    General Information

    Standard status
    Active
    Lot size
    0.70 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 516 Old Historic U.S 441 Contact us

    We can help!

    Listing Contact
    Scott Tiernan
    Scott Tiernan

    Listing agent Scott Tiernan

    Listing office SRS Real Estate Partners - Atlanta

    Listing date Sep 20, 2025

    Source Moodyscre

    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 SRS Real Estate Partners - Atlanta

    HighLights

    • High traffic location on Historic U.S. 221 (25,200 VPD).
    • Excellent visibility.
    • Positioned near medical facilities and professional services.
    • Located in Demorest, GA, experiencing residential and institutional growth.
    • Situated in a key commercial node.
    • Neighboring retailers include Walmart, Ingles, and Tractor Supply Co.

    Overview

    This commercial pad site benefits from high traffic counts and excellent visibility on Historic U.S 221, with 25,200 vehicles per day. It is positioned within Demorest, Georgia, near medical facilities and professional services. Demorest and surrounding Habersham County continue to experience residential and institutional growth. The site is situated in a key commercial area with neighboring retailers including Walmart, Ingles, Tractor Supply Co., and several quick-service restaurant brands.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cornelia
    County
    Habersham
    State
    Georgia
    Longitude
    -83.5271
    Latitude
    34.5115

    Nearby Similar for Lease

    • $5 SF/Yr
      5,100 SF

      Industrial Space Available for Lease

      5,100 SF industrial property available for lease.
      997 Airport Rd W, Cornelia, GA
      View Details
    • Contact for pricing
      2,500 SF

      Office Space in Cornelia, Georgia

      Office space available for rent, totaling 2,500 square feet.
      264 Stapleton Rd, Cornelia, GA
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space in Cornelia, Georgia

      Retail space with national co-tenancy and high visibility.
      216 Carpenters Cove Ln, Cornelia, GA
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Walmart

      1,800 SF retail space in excellent condition next to Walmart.
      250 Furniture Dr, Cornelia, GA 30531
      View Details

    FAQs

    What type of property is this?
    Land - Commercial pad site with high visibility and traffic counts.
    Where is this land located?
    The property is located at 516 Old Historic U.S 441 Cornelia, GA.
    What are key features of this property?
    This property features: High traffic location on Historic U.S. 221 (25,200 VPD).; Excellent visibility.; Positioned near medical facilities and professional services.
    (404) 231-2232 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Tiernan
    Scott Tiernan
    Learn More
    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
    516 Old Historic U.S. 441 , Cornelia, GA
    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!