Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1045 Bowersville St Royston, GA 30662-2311
    Back to Search
    Property profile & analytics

    1045 Bowersville St, Royston, GA 30662-2311

    View on Map
    • Office Spaces
    • 1,891 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US22-0736672
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1045 Bowersville St

    Year built
    1876
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.21 lot acres
    Zone code
    COMMERCIAL
    Property type
    Office Spaces
    APN
    R006-030
    APU
    R006030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2019 $108,500 Skygra LLC Robert J JR Warranty Deed $92k · Robert J JR & Candy Miller
    Sep 20, 2005 — Robert J Miller JR. — Trustees Deed · related $16k · Myron D & Penny L Sellers
    — — Robert J Miller JR. — Deed Of Trust · related $93k · Pinnacle Bank
    — — Robert J Miller JR. — Loan Modification · related $91k · Pinnacle Bank
    — — Robert J Miller — Loan Modification · related $91k · Pinnacle Bank
    — — Robert J Miller JR. — Deed Of Trust · related $92k · Thomastrimm Patricia Ann

    Description

    This 1,664 square foot executive office building in Royston, Georgia, presents a unique investment opportunity. Located at 1045 Bowersville St, this single-story, Class C building sits on a 0.21-acre lot (APN: R006-030) and boasts a completely renovated interior. Built in 1876, the property has been meticulously updated with a brand new roof, HVAC system, electrical wiring, and plumbing, providing a solid foundation for immediate occupancy. The open floor plan offers exceptional flexibility for customization, while a full bathroom adds convenience. Zoned 002, this owner-user property is ideally suited for a small business or professional office. The asking price is $240,000 ($144.23/sq ft). Its prime location near Royston's growing downtown ensures excellent visibility and accessibility. This is a chance to own a piece of history and create a truly unique workspace.

    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
    Royston
    County
    Franklin
    State
    Georgia
    Longitude
    -83.1102
    Latitude
    34.2877

    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
    $2,024
    $11,200
    $43,710
    $54,910
    -
    $28,000
    $109,275
    $137,275

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      24 Hartwell St

      Retail properties & Spaces
      24 Hartwell St, Royston, GA 30662
      View Details
    • Value Estimation by Request
      4,424 SF

      Marlin Press Rd

      OFFICE (GENERAL)
      Marlin Press Rd, Royston, GA 30662
      View Details
    • Value Estimation by Request
      2,030 SF

      30 Ml St

      OFFICE (GENERAL)
      30 Ml St, Royston, GA 30662-4127
      View Details
    • Value Estimation by Request
      1,280 SF

      69 Ml St

      OFFICE (GENERAL)
      69 Ml St, Royston, GA 30662-4125
      View Details
    • Value Estimation by Request
      1,800 SF

      264 Lee St

      OFFICE (GENERAL)
      264 Lee St, Royston, GA 30662-2720
      View Details
    • Value Estimation by Request
      3,976 SF

      63 Spg Sta Rd

      OFFICE (GENERAL)
      63 Spg Sta Rd, Royston, GA 30662-1990
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      Downtown Royston Commercial Building

      Renovated commercial building in downtown Royston with income potential.
      24 Hartwell St, Royston, GA 30662
      View Details
    • $199,000
      3,200 SF

      Renovated Commercial Building in Royston

      Recently renovated commercial building with stable income potential in downtown.
      24 Hartwell St, Royston, GA 30662
      View Details
    • Contact for pricing
      0.35 Acres

      Royston, GA Wooded Lot

      Level, wooded lot near downtown Royston, perfect for building.
      Pine Valley Dr, Royston, GA 30662
      View Details
    • $45,000
      1.45 Acres

      Residential Lot in Royston, GA

      1.45 acre residential lot, mobile/manufactured homes allowed.
      Nails Creek Xing, Royston, GA 30662
      View Details
    • $220,000
      15.80 Acres

      Royston, GA Raw Land Parcel

      15.8-acre raw land parcel ready for your vision.
      115 Roan Williams Rd, Royston, GA 30662
      View Details
    • $899,000
      57.11 Acres

      Royston Land with Ranch Home

      57.11 acres with brick ranch, ponds, and barn.
      740 Cromers Bridge Rd, Royston, GA 30662
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Community Shopping Center Space Available

      Retail spaces available in established Tri County Plaza.
      1065 Franklin Springs St, Royston, GA 30662
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Royston, GA

      900 SF retail space available for rent.
      1095 Franklin Springs St, Royston, GA 30662
      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.
    1045 Bowersville St
    Royston, GA 30662-2311
    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
    1045 Bowersville St, Royston, GA, 30662
    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!