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    3565 Ga Hwy 85 Hwy Ellerslie, GA 31807

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    3565 Ga Hwy 85 Hwy Ellerslie, GA 31807

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    • Specialty properties
    • 4.19 lot acres
    Off-Market
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    Cap Rate Potential
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    Current Use by Public Records

    • Specialty properties

    Property Details for 3565 Ga Hwy 85 Hwy

    Year built
    1940
    Lot size
    4.19 lot acres
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Description

    This exceptional commercial property in Ellerslie, Georgia, presents a unique live/work opportunity. Located on a high-traffic section of Highway 85, this 4.19-acre site boasts 680 feet of road frontage and five entrances, ensuring maximum visibility and accessibility. The property includes two buildings: a 4,300 square foot, 1940s farmhouse featuring a renovated 2,300 square foot restaurant/retail space on the lower level and a 1,500 square foot upper level with potential for residential conversion. The upper level has separate rooms ready for remodeling. Recent renovations include an expanded kitchen. Ample outdoor space is ideal for event hosting and catering. The property is zoned C4 commercial, allowing for diverse uses including restaurant, retail, events, or storage. Included are a 1,000-gallon grease trap, 1,500-gallon septic system, two 1,500-gallon aerobic treatment units, a 400-foot drain line, and a 400+ amp electrical service. A separate brick smokehouse with a built-in open-pit grill and chimney is also on the property. The existing restaurant equipment and furnishings are available for separate purchase at $75,000 with a full-price offer. The property's prime location is across from the new 130-acre Ellerslie Park, near Columbus, Fort Moore, and other regional attractions. A transferable beer and wine license is available with approved application. This property offers significant redevelopment potential and a chance to create a thriving business and residence in a high-growth area. The asking price is $1,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ellerslie
    County
    Harris - GA
    State
    Georgia
    Longitude
    -84.8029
    Latitude
    32.631

    Comparable in this City

    • Value Estimation by Request
      4,300 SF

      3565 Ga-85

      Restaurants • 4,300 SF
      3565 Ga-85, Ellerslie, GA 31807
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    • Value Estimation by Request
      1,175 SF

      4780 Harris Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,175 SF
      4780 Harris Rd, Ellerslie, GA 31807
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    • Value Estimation by Request
      3,235 SF

      469 Farmhouse Rd

      RESTAURANT • 3,235 SF
      469 Farmhouse Rd, Ellerslie, GA 31807-5426
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    • Value Estimation by Request
      2,722 SF

      6080 Ga Hwy 85

      RESTAURANT • 2,722 SF
      6080 Ga Hwy 85, Ellerslie, GA 31807-5420
      View Details
    • Value Estimation by Request
      630 SF

      3717 Ga Hwy 85

      RETAIL STORES (PERSONAL SERVICES) • 630 SF
      3717 Ga Hwy 85, Ellerslie, GA 31807-5752
      View Details
    • Value Estimation by Request
      2,670 SF

      6052 Ga Hwy 85

      CONVENIENCE STORE (W/FUEL PUMP) • 2,670 SF
      6052 Ga Hwy 85, Ellerslie, GA 31807-5420
      View Details
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    Ellerslie, GA 31807
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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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