Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Toccoa St Toccoa, GA 30577
    Back to Search
    Property profile & analytics

    Toccoa St, Toccoa, GA 30577

    View on Map
    • Hospitality properties
    • 13,400 SF
    • 1.86 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 0 Toccoa St

    Year built
    1954
    Lot size
    1.86 lot acres
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional Carmel Valley retail property at 27820 Dorris Drive offers ±3,400 square feet of versatile commercial space in a standalone, two-story building. Currently, ±2,550 square feet is available for lease, with flexible options to lease the entire building or individual spaces. The minimum leasable space is 850 square feet, while the maximum contiguous space available is 1,700 square feet. The ground floor boasts ±1,700 square feet of highly improved retail/office space, previously occupied by a cannabis retail business, and includes enhanced security and alarm systems. The upper floor comprises approximately 850 square feet, currently configured as an apartment and four studio rooms. Tenants will have access to 10 parking spaces. The building does not have an elevator. This property presents a unique opportunity for businesses seeking a prominent location in Carmel Valley, with adaptable space to suit various needs. The building's previous use as a cannabis retail space offers potential advantages for businesses in related industries, though the space is suitable for a wide range of retail or office uses. Inquire today to explore the leasing possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toccoa
    County
    Stephens
    State
    Georgia
    Longitude
    -83.3576
    Latitude
    34.5715

    Comparable in this City

    • Value Estimation by Request
      8,068 SF

      70 Felton Dr

      MOTEL
      70 Felton Dr, Toccoa, GA 30577-6572
      View Details
    • Value Estimation by Request
      16,000 SF

      273 Broad St

      MOTEL
      273 Broad St, Toccoa, GA 30577-2337
      View Details
    • Value Estimation by Request
      3,302 SF

      196 Stephen Cir

      MOTEL
      196 Stephen Cir, Toccoa, GA 30577-6126
      View Details
    • Value Estimation
      $775,000
      98,792 SF

      106 Stephen Cir

      MOTEL
      106 Stephen Cir, Toccoa, GA 30577-6126
      View Details
    • Value Estimation by Request
      4,692 SF

      3023 Silver Shoals Rd

      Retirement homes
      3023 Silver Shoals Rd, Toccoa, GA 30577
      View Details
    • Value Estimation
      $560,000
      31,280 SF

      40 Alexander St

      HOTEL
      40 Alexander St, Toccoa, GA 30577-3599
      View Details

    Similar Nearby for Sale

    • $349,899
      5,030 SF

      Toccoa Mixed-Use Historic Building

      Historic downtown building with endless opportunities in Toccoa, Georgia.
      111 N Sage St, Toccoa, GA 30577
      View Details
    • $250,000
      0.25 Acres

      Toccoa Income-Producing Multifamily Property

      Versatile property with residential units and detached garage/workshop.
      201 Remsdale St, Toccoa, GA 30577
      View Details
    • $329,000
      1.80 Acres

      Income-Producing Triplex on Large Lot

      Three-unit property with solar array on 1.8 acres.
      389 Collins Rd, Toccoa, GA 30577
      View Details
    • $329,000
      1.80 Acres

      Income-Producing Triplex on Large Lot

      Three-unit property with development potential on 1.8 acres.
      389 Collins Rd, Toccoa, GA 30577
      View Details
    • $799,900
      20.05 Acres

      Toccoa Waterfront Land with Cabin

      20.05-acre waterfront retreat with cabin on Lake Hartwell.
      333 Laurel Mountain Dr, Toccoa, GA 30577
      View Details
    • $79,000
      0.51 Acres

      Renovated Home in Toccoa, GA

      Renovated two-bedroom home with mountain views and rental income.
      117 Sparrow Way, Toccoa, GA 30577
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      306 SF

      Toccoa Retail Space - Prime Location

      Restaurant Ready, High Traffic Area, 306 sq ft
      655 Pond St, Toccoa, GA 30577
      View Details
    • $12 SF/Yr

      Toccoa Plaza Retail/Office Spaces

      Retail and office spaces available for lease in Toccoa, GA.
      620 Big A Rd, Toccoa, GA 30577
      View Details
    • Contact for pricing
      2,640 SF

      Toccoa Commercial Office Space Available

      Multi-use commercial office space for lease in Toccoa, GA.
      296 W Currahee St, Toccoa, GA 30577
      View Details
    • Contact for pricing
      2,500 SF

      Private Office in Downtown Toccoa

      Move-in ready office space with shared amenities in Toccoa.
      4-147 N Pond St, Toccoa, GA 30577
      View Details
    • Contact for pricing

      Toccoa Commercial Property For Lease

      Commercial property available for lease in Toccoa, Georgia.
      546 Old Liberty Hill Rd, Toccoa, GA 30577
      View Details
    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.
    Toccoa St
    Toccoa, GA 30577
    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
    Toccoa St, Toccoa, GA, 30577
    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!