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    Downtown Comer Live-Work Space Title is generated by Realmo AI

    71 E North Avenue, Comer, GA 30629

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    For Lease
    $2,000/Mo $18 SF/Yr (calc)

    COMMERCIAL - Comer, GA

    Property size:
    1,330 SF
    Lot size:
    0.20 Acres
    Added:
    Sep 17, 2025
    Days on Market:
    240
    Last Refresh:
    May 14 at 8:06 am

    Property Features for 71 E North Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    25
    Interior features
    High Ceilings
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    CO02 022
    Size
    1,330 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Description
    CO02 022

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick

    We can help!

    Listing Contact
    Eleshea Borders

    Listing agent Eleshea Borders License #392769

    Listing office Classic Team Realty 1351 Jennings Mill Rd., Ste. B2, Watkinsville, GA

    Listing date Sep 17, 2025

    MLS# CL340062

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • B‑R (Business Residential) zoning allows for combined business and residential use.
    • Prime Downtown Comer location.
    • Unique historic character with original exposed brick walls and high shiplap ceilings.
    • Blank slate ready for custom buildout to suit tenant's specific needs.
    • Updated exterior with matching storefronts, floor‑to‑ceiling tinted glass, and awning.
    • Front and rear exterior access.

    Overview

    This 1330 square foot commercial space is located in Downtown Comer. Recently re-zoned to B-R (Business Residential), this space offers a customizable layout suitable for various business needs, with the potential to build out the back as a personal residence, creating a live-work space. Built in 1900, the space features original exposed brick walls, high shiplap ceilings, and original wood. The space is one of three available, with updated, matching exterior front entrances featuring floor-to-ceiling tinted glass and an awning with IPE installed. All three spaces have front and rear exterior access and will soon have electricity, water, sewer, and HVAC connected. New windows and doors have been installed on the back of the building, keeping the original arch. Glass fronts were installed the week of September 15th. A new roof is scheduled for installation in July 2025. The storefronts are currently under construction. The tenant is responsible for buildout and utilities once the lease is signed, as well as taxes, insurance, and maintenance. The estimated time for tenant buildout and possession is November.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Comer
    County
    Madison
    State
    Georgia
    Longitude
    -83.12647
    Latitude
    34.062846

    Nearby Similar for Lease

    • $1,785/Mo

      Downtown Comer Commercial Space Available

      Unique commercial space in downtown Comer, ready for customization.
      69 E North Avenue, Comer, GA 30629
      View Details
    • $2,500/Mo

      Downtown Comer Commercial Space Available

      Unique commercial space in downtown Comer, ready for customization.
      73 E North Ave, Comer, GA 30629
      View Details

    FAQs

    What type of property is this?
    Live-work space - Unique commercial space with live-work potential in downtown Comer.
    Where is this live-work space located?
    The property is located at 71 E North Avenue Comer, GA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: B‑R (Business Residential) zoning allows for combined business and residential use.; Prime Downtown Comer location.; **Unique historic character with original exposed brick walls and high shiplap ceilings.**
    (706) 215-5479
    We can help!
    Listing Contact
    Eleshea Borders
    Real Estate License ID: 392769
    Learn More
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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.

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