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    7 N Oliver Street, Elberton, GA 30635

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    For Sale
    $199,000

    COMMERCIAL - Elberton, GA

    Type:Office
    Property size:
    9,600 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $20/SF
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 7 N Oliver Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active
    APN
    E11 072
    Size
    9,600 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    25
    Tax Annual Amount
    1236

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1907
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Jimmy Jones
    Jimmy Jones

    Listing agent Jimmy Jones

    Listing office Keller Williams Lake Hartwell 12915 Jones St, Braselton, GA

    Listing date Jun 1, 2026

    MLS# 10777459

    Copyright © 2026 Georgia Multiple Listing Service. 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 historic downtown commercial buildings offering approximately 9,600 SF of versatile space
    • Built in 1907 with brick construction and hardwood flooring
    • Natural gas heating and electric cooling
    • Public water and public sewer
    • Tar/gravel roof and on‑street parking
    • Private exterior entrance provides access to upper levels; property sold AS IS

    Overview

    This offering includes two historic downtown commercial buildings totaling approximately 9,600 square feet. The space is arranged across multiple levels, giving flexibility for a range of concepts such as office suites, retail shops, restaurants, event space, wellness and fitness uses, health spas, and creative or studio space. The property also features a private exterior entrance that provides convenient access to the upper levels, supporting the possibility of separate operations within the same buildings. The seller advises the property is sold as-is.

    The buildings are located in Elberton, Georgia, on N Oliver Street, in the heart of downtown. Public remarks describe the area as high-traffic with outstanding visibility. The restored Samuel Elbert Hotel is mentioned as bringing visitors to the area year-round, and the surrounding downtown is described as supporting shopping, dining, entertainment, and business activity.

    For tenants, operators, or buyers looking for a character-rich, flexible site, the combination of multi-level space and a dedicated exterior entrance to the upper levels can help accommodate different uses under one ownership. Prospective users should review the building’s configuration and condition as part of their due diligence, and consider how the existing layout could support an office, retail, dining, wellness, or mixed-use direction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elberton
    County
    Elbert
    State
    Georgia
    Longitude
    -82.868233
    Latitude
    34.110397

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    FAQs

    What type of property is this?
    Office building - Two historic buildings with approximately 9,600 square feet across multiple levels and a private exterior entrance for upper space.
    Where is this office building located?
    The property is located at 7 N Oliver Street Elberton, GA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Two historic downtown commercial buildings offering approximately 9,600 SF of versatile space; Built in 1907 with brick construction and hardwood flooring; Natural gas heating and electric cooling
    (678) 758-8165
    We can help!
    Listing Contact
    Jimmy Jones
    Jimmy Jones
    Request Owner's contact information
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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
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