Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Tunnel Hill Varnell Rd Tunnel Hill, GA 30755

    • Land
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tunnel Hill Varnell Rd

    Lot size
    1.40 lot acres
    Property type
    Land

    Description

    This exceptional 920-square-foot creative office space, situated on a generous 13,000-square-foot lot, presents a unique investment opportunity. Built in 1958 and extensively renovated in 2022, the single-story building boasts a 100 x 130-foot frontage, providing excellent visibility on Gulfway Drive, near Main Ave. The property features one drive-in bay, perfect for convenient loading and unloading, and ample parking for ten or more vehicles. The zoning is designated 1/Real/Commercial, allowing for a variety of uses. The building's versatile layout is ideal for a range of businesses, including restaurants, liquor stores, smoke shops, ice cream shops, or even as a storage facility for trucks or equipment. Its prime location in a high-traffic commercial area, close to chemical plants and other businesses, ensures significant exposure and accessibility. The property's single-tenant occupancy offers immediate income potential or the flexibility to customize the space to suit your specific needs. This is a rare opportunity to acquire a well-maintained, renovated commercial property in a thriving business district. The electric power supply is sufficient for most commercial operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tunnel Hill
    County
    Whitfield
    State
    Georgia
    Longitude
    -85.0226
    Latitude
    34.8602

    Comparable in this City

    • Value Estimation by Request
      7.64 Acres

      12040 Chattanooga Rd

      Land • 7.64 Acres
      12040 Chattanooga Rd, Tunnel Hill, GA 30755
      View Details
    • Value Estimation by Request
      5.50 Acres

      11695 Us-41

      Land • 5.50 Acres
      11695 Us-41, Tunnel Hill, GA 30755
      View Details
    • Value Estimation by Request
      45.00 Acres

      00 Tunnel Hill Varnell Rd

      Land • 45.00 Acres
      00 Tunnel Hill Varnell Rd, Tunnel Hill, GA 30755
      View Details
    • Value Estimation
      $6,995,000
      77,604 SF

      1535 New Hope Church Rd

      COMMERCIAL (GENERAL) • 77,604 SF
      1535 New Hope Church Rd, Tunnel Hill, GA 30755-9275
      View Details
    • Value Estimation
      $1,825,000
      32,550 SF

      2172 Tunl Hl Varnell Rd

      COMMERCIAL (GENERAL) • 32,550 SF
      2172 Tunl Hl Varnell Rd, Tunnel Hill, GA 30755
      View Details
    • Value Estimation
      $525,000
      5,680 SF

      1813 Tunl Hl Varnell Rd

      COMMERCIAL (GENERAL) • 5,680 SF
      1813 Tunl Hl Varnell Rd, Tunnel Hill, GA 30755-9244
      View Details

    Similar Nearby for Sale

    • $945,000
      5.50 Acres

      Tunnel Hill Commercial Land - 5.5 Acres

      Prime Commercial Land, US-41, Georgia
      11695 Us-41, Tunnel Hill, GA 30755
      View Details
    • $4,200,000
      45.00 Acres

      45-Acre Commercial Land, Georgia

      Prime Georgia land: I-75 access, utilities available.
      00 Tunnel Hill Varnell Rd, Tunnel Hill, GA 30755
      View Details
    • $219,900

      Cleared Land Tract For Sale

      Large tract of cleared land with road frontage available.
      1375 Dogwood Valley Rd, Tunnel Hill, GA 30755
      View Details
    • $219,900

      Cleared Land Tract For Sale

      Large tract of land with road frontage in Tunnel Hill.
      1375 Dogwood Valley Rd, Tunnel Hill, GA 30755
      View Details
    • Contact for pricing
      Pending

      Land For Sale Tunnel Hill

      Land available for purchase in Tunnel Hill, Georgia.
      Crabtree Dr, Tunnel Hill, GA 30755
      View Details
    • Contact for pricing
      0.80 Acres

      Tunnel Hill, GA Building Lots

      Building lots in West Ridge Estates subdivision.
      Old Chattanooga Rd, Tunnel Hill, GA 30755
      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.
    Tunnel Hill Varnell Rd
    Tunnel Hill, GA 30755
    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

    Google sign-in failed. Please try again or use another login method.