Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Ga-59 Carnesville, GA 30521

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15 Acres, Prime Commercial Location

    Property Features for 0 Ga-59

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    We can help!

    Listing Contact
    Mike Cahalan
    Mike Cahalan

    Listing Agent: Mike Cahalan

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

    Learn more

    Overview

    This exceptional 15-acre commercial land parcel presents a unique investment opportunity in Carnesville, Georgia. Strategically situated at the intersection of Highways 59 and 51 in Franklin County, this property boasts significant frontage on both highways: 1,057 linear feet on Hwy 59 and 802 linear feet on Hwy 51. The land is zoned for commercial use and features rolling hills. Utilities, including water and sewer, are readily available. The asking price is $185,000 per acre, totaling $185,000 for the entire parcel. The property's parcel ID is 021 046. Its location offers easy access to major transportation routes and benefits from the substantial growth in the area, fueled by the recent construction of a large battery plant in nearby Commerce, Georgia (10 miles north), and the proliferation of new warehouses serving the e-commerce and supply chain sectors between Atlanta and Greenville, South Carolina. Nearby established businesses include a Flying J Travel Center, Petro Fuel Center, and a Subway restaurant. This site is ideally suited for a variety of commercial retail developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carnesville
    County
    Franklin
    State
    Georgia
    Longitude
    -83.2991139
    Latitude
    34.3524734

    Nearby Similar for Sale

    • $1,250,000
      Pending

      Carnesville Warehouse with I-85 Visibility

      Warehouse with office space, drive-in doors, and loading dock.
      252 Komplex Dr, Carnesville, GA 30521
      View Details
    • $1,275,000
      Pending

      Profitable Broiler Farm with Residence

      Operating poultry farm with four houses and residential dwelling.
      4747 Highway 320, Carnesville, GA 30521
      View Details
    • $1,200,000
      7,000 SF

      Commercial Land with I-85 Frontage

      48.66 acres with building and cabin near I-85.
      Komplex Dr, Carnesville, GA 30521
      View Details
    • $625,000
      22.00 Acres

      Farmland Opportunity in Carnesville, GA

      22 acres of cleared farmland with potential for building or rental.
      150 Garrison Rd, Carnesville, GA 30521
      View Details
    • Contact for pricing
      25,546 SF

      Trucking Facility on 14.22 Acres

      Trucking facility with warehouse, repair shop, and fenced parking.
      520 Busha Rd, Carnesville, GA 30521
      View Details
    • $1,750,000
      0.76 Acres

      Gainesville St Apartment Complex

      Brand new, 11-unit apartment complex
      339 Gainesville St, Carnesville, GA 30521
      View Details

    FAQs

    What type of property is this?
    Land - 15 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Ga-59 Carnesville, GA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: High-visibility land parcel at the Hwy 51 and Hwy 59 intersection in Franklin County, GA.; Ten miles north of the new SK Battery Plant in Commerce, GA.; Prime location within a rapidly expanding logistics corridor serving the Atlanta-Greenville market, featuring numerous new large-scale warehouses.
    (678) 429-1990 Call to check price and availability
    Request Owner's contact information
    Ga-59 Carnesville, GA 30521
    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.
    Ga-59
    Carnesville, GA 30521
    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
    Ga-59 Carnesville, GA 30521
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Cahalan
    Mike Cahalan
    Real Estate License ID: 313258
    (678) 429-1990
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!