Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Eller Rd Ellijay, GA 30540
    Back to Search
    Property profile & analytics

    Eller Rd Ellijay, GA 30540

    View on Map
    • Commercial real estate
    • 4.74 lot acres
    For Sale
    $1,200,000
    View Listing →
    Mountain Commercial Land - Ellijay, GA For Sale
    $1,200,000

    Mountain Commercial Land - Ellijay, GA

    4.74 Acres, Prime Location, High Traffic

    Eller Rd, Ellijay, GA 30540
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Eller Rd

    Year built
    2025
    Lot size
    4.74 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.74-acre commercial property presents a remarkable investment opportunity in the vibrant Ellijay, Georgia market. Located in a high-traffic area with convenient access to major highways, this land boasts unparalleled visibility and accessibility for any commercial venture. The stunning natural beauty of the North Georgia Mountains provides a captivating backdrop, attracting both locals and tourists alike. This prime location is ideal for a diverse range of businesses, from hospitality and retail to restaurants and other commercial enterprises. The property's size and location offer significant flexibility for development, allowing for the creation of a custom-designed facility to meet specific business needs. The surrounding area is experiencing robust growth in tourism and related activities, creating a strong foundation for sustained commercial success. This is a rare chance to acquire a substantial parcel of land in a thriving mountain community, offering exceptional potential for long-term growth and profitability. Additional acreage may also be available, providing further expansion possibilities. Don't miss this unique opportunity to establish or expand your business in this highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.4738
    Latitude
    34.6553

    Comparable in this City

    • Value Estimation by Request

      57 Honeysuckle Way

      Land
      57 Honeysuckle Way, Ellijay, GA 30540
      View Details
    • Value Estimation by Request

      4 Hunter Rdg

      Land
      4 Hunter Rdg, Ellijay, GA 30540
      View Details
    • Value Estimation by Request

      32 Buck Creek Rd

      Land
      32 Buck Creek Rd, Ellijay, GA 30540
      View Details
    • Value Estimation by Request

      Lt61&62 Honeysuckle Way

      Land
      0 Lt61&62 Honeysuckle Way, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      21.49 Acres

      515 21.49 Ac Hwy

      Commercial real estate • 21.49 Acres
      515 21.49 Ac Hwy, Ellijay, GA 30540
      View Details
    • Value Estimation by Request
      0.06 Acres

      Swamp Crk Ln

      COMMERCIAL (GENERAL) • 0.06 Acres
      Swamp Crk Ln, Ellijay, GA 30540
      View Details

    Similar Nearby for Sale

    • $4,250,000
      12.86 Acres

      Mountain Commercial Land - Ellijay, GA

      12.86 Acres, Prime Commercial Location
      Highlands Hl Dr, Ellijay, GA 30540
      View Details
    • $1,200,000
      4.74 Acres

      Mountain Commercial Land - Ellijay, GA

      4.74 Acres, Prime Location, High Traffic
      4.74Ac Eller Rd, Ellijay, GA 30540
      View Details
    • $499,900
      21.49 Acres

      ensuring convenient ingress and egress. Power and water are conveniently located nearby

      facilitating development opportunities. While railroad tracks cross the rear of the property
      515 21.49 Ac Hwy, Ellijay, GA 30540
      View Details
    • $4,250,000
      12.86 Acres

      Mountain Commercial Land Investment

      12.86 Acres, Prime Location, High Traffic
      12.86 Ac Highlands Hl Dr, Ellijay, GA 30540
      View Details
    • $1,200,000
      4.74 Acres

      Mountain Commercial Land - Ellijay, GA

      4.74 Acres, Prime Location, High Traffic
      Eller Rd, Ellijay, GA 30540
      View Details
    • Contact for pricing
      1.01 Acres

      Ellijay, GA Vacant Lot

      Building lot near Carters Lake with community amenities.
      113 Beech Tree Dr, Ellijay, GA 30540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Furnished Office Space in Ellijay

      Furnished office space suitable for attorney, CPA, or other professionals.
      51 Broad St, Ellijay, GA 30540
      View Details
    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
      View Details
    • $2,500 /Mo

      Furnished Office Space in Ellijay

      Furnished office space available for rent in downtown Ellijay.
      51 Broad St, Ellijay, GA 30540
      View Details
    • $7,260 /Mo
      206,474 SF

      Ellijay, GA Commercial Land

      4.74 acres of commercial land for lease in Ellijay.
      4.74Ac Eller Rd, Ellijay, GA 30540
      View Details
    • $17,424 /Mo
      560,182 SF

      Ellijay, GA Commercial Land

      12.86 acres of commercial land for lease in Ellijay.
      12.86Ac Highlands Hl Dr, Ellijay, GA 30540
      View Details
    • $5,000 /Mo
      217,800 SF

      Ellijay Land Lease Opportunity

      5 acres of versatile land available for lease in Ellijay.
      174 Power Sports Dr, Ellijay, GA 30540
      View Details
    View Listing
    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.
    Eller Rd
    Ellijay, GA 30540
    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
    Eller Rd, Ellijay, GA, 30540
    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!