New search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Commercial real estate
1047 Airport Rd, Cornelia, GA 30531-5603
Entity Owned
1-yr Hold
Free & Clear
Property ID
US22-3816105
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
STEEL FRAME
Total area
12,000 SF
Lot
1.5 ac (65,340 SF)
Zoning code
NC
APN
090 006
UPID
US22-3816105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Performance Industrial Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$630k
Owner & transaction history
Driven Development Solutions LLC · 1 yrs held
Driven Development Solutions LLC
since 2025
7 recorded transactions
Zoning & alternative use
NC · Cornelia, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cornelia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,911
Tax year 2024
Assessed value
$150,692
Assessed 2024
Previous assessed
$145,344
+3.7% YoY
Effective rate
2.60%
On assessed value
Assessed land
$12,092
Assessed improvement
$138,600
Land market value
$30,230
Improvement market value
$346,500
Total market value
$376,730
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Stories
1
Bathrooms
4
Total area
12,000 SF
Lot
1.5 ac (65,340 SF)
Zoning code
NC
APN
090 006
UPID
US22-3816105
Jurisdiction
HABERSHAM
Zoning & alternative use
NC · Cornelia, GA
Zoning NC · permitted uses
NC · Cornelia, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Driven Development Solutions LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1047 AIRPORT RD, CORNELIA, GA 30531-5603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2025
—
Driven Development Solutions LLC
Performance Industrial Construction
Deed
—
Oct 23, 2023
—
Performance Industrial Constru
—
Deed
related
$500,000 · Piedmont Bank
Aug 23, 2023
—
Mountain Valley Community Bank
—
Deed
related
$500,000 · Mountain Valley Community Bank
Aug 16, 2021
—
Performance Industrial Constru
—
Deed
related
$500,000 · Piedmont Bank
Aug 14, 2020
—
Performance Industrial Constru
—
Deed
related
$150,000 · Piedmont Bank
Jun 8, 2020
—
Performance Industrial Constru
—
Deed
related
$212,600 · Piedmont Bank
Oct 19, 2018
$300,000
Performance Industrial Construction
Lee Looney Verner
Warranty Deed
—
May 10, 2013
—
Wanda Sue Watkins
Lee Looney Verner
Warranty Deed
—
Apr 22, 2013
—
Lee Looney Verner
Sue Watkins
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1047 Airport Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
