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    232 Industrial Park Dr Commerce, GA 30529

    • Office buildings
    • 6,000 SF
    • 2.00 lot acres
    For Sale
    View listing
    $895,000
    Value Estimation
    Last Sale
    Jun 07, 2021
    $525,000
    Location Intelligence
    Property ID
    US22-3467020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Software Systems Unlimited Inc / Software Company
    • Georgia Mentor / Foster Care Service / Social Services Organization

    Property Details for 232 Industrial Park Dr

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    6,000 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    B55 022A
    APU
    B55022A

    Description

    This exceptional 6,000-square-foot medical office building presents a compelling investment opportunity in Commerce, Georgia. Located at 232 Industrial Park Dr, this Class C property boasts a prime location less than a mile from Interstate 85 Exit 149 (Banks Crossing), benefiting from the rapid growth spurred by the SK Battery development and surrounding industrial expansion. Currently 100% occupied by three tenants with long-term lease options (3,000 SF, 2,000 SF, and 1,000 SF respectively), this multi-tenant building offers minimal landlord responsibilities and strong potential for future returns. Built in 1992, the well-maintained property features a C2 zoning designation and is situated within a thriving commercial area, complemented by recent additions like Chipotle and Whataburger. The asking price is $895,000, translating to $149.17 per square foot. With millions of square feet of industrial space under construction nearby and continued retail and commercial development, this investment promises significant long-term value. The property's strong tenancy and location make it an attractive addition to any portfolio. Showings are by appointment only with proof of funds. Do not disturb tenants. APN: B55 022A.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $510,000
      Mixed-Use
      $515,000
      Hospitality
      $415,000
      Educational
      $400,000
      Residential Income
      $530,000
      Energy
      $415,000
      Income-Based Land
      $485,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Commerce
    County
    Banks
    State
    Georgia
    Longitude
    -83.4559
    Latitude
    34.2492

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,243
    $47,880
    $201,634
    $249,514
    -
    $119,700
    $504,086
    $623,786

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    Commerce, GA 30529
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    Realmo Value Estimation

    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.

    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.

    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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