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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    109 Gordon St Thomaston, GA 30286-4168

    • Retail space
    • 4,892 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2022
    $130,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1797645
    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

    • Amari Zuniga Salon / Medical Center / Addiction Treatment Center

    Property Details for 109 Gordon St

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    4,892 SF
    Zone code
    DT
    Property type
    Retail space
    APN
    T23-220
    APU
    T23220

    Description

    This exceptional fee-simple commercial property presents a unique investment opportunity in the heart of Thomaston, Georgia. Located at 109 W Gordon St, this 4,892 square foot restaurant building sits on a 0.11-acre lot and boasts a rich history, having been built in 1915 and renovated in 1985. The property is zoned C3, offering flexibility for a variety of uses. Ample parking is available both on the town square and in a nearby city-owned lot. The building's prime location benefits from recent growth in the downtown area, with several new businesses opening nearby. The City of Thomaston offers grant funding to assist with building facade improvements, adding further value to this investment. The property's size and location make it suitable for a large retail store, restaurant, recreational facility, or an outdoor goods store, given the proximity to the Flint River and a state park within Upson County. The asking price is $445,000, translating to $90.96 per square foot. The property is sold "as is." This is a rare chance to acquire a substantial commercial property in a thriving Georgia town. Don't miss this opportunity to own a piece of Thomaston's history and future.

    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
    Thomaston
    County
    Upson
    State
    Georgia
    Longitude
    -84.3265
    Latitude
    32.887
    CBSA code
    45580
    CBSA name
    THOMASTON, GA MICROPOLITAN STATISTICAL AREA

    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
    $1,409
    $7,962
    $45,838
    $53,800
    -
    $19,906
    $114,596
    $134,502

    Comparable in this City

    • Value Estimation by Request
      3,363 SF

      509 Barnesville St

      RETAIL STORES (PERSONAL SERVICES) • 3,363 SF
      509 Barnesville St, Thomaston, GA 30286-3709
      View Details
    • Value Estimation by Request
      4,000 SF

      103 Gordon St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      103 Gordon St, Thomaston, GA 30286-4166
      View Details
    • Value Estimation by Request
      2,700 SF

      1540 Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      1540 Hwy 19th N, Thomaston, GA 30286-2261
      View Details
    • Value Estimation by Request
      2,295 SF

      208 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 2,295 SF
      208 Ctr St, Thomaston, GA 30286-4162
      View Details
    • Value Estimation by Request
      1,737 SF

      709 Barnesville St

      RETAIL STORES (PERSONAL SERVICES) • 1,737 SF
      709 Barnesville St, Thomaston, GA 30286-5718
      View Details
    • Value Estimation by Request
      1,771 SF

      103 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 1,771 SF
      103 Ctr St, Thomaston, GA 30286-4163
      View Details

    Similar Nearby for Sale

    • New
      $399,588
      1,356 SF

      Thomaston Commercial Building on Highway

      Commercial building on Highway 19 in Thomaston, Georgia.
      1541 N Highway St, Thomaston, GA 30286
      View Details
    • $300,000
      1,750 SF

      Downtown Thomaston Commercial Building

      Commercial building in historic downtown Thomaston, move-in ready and customizable.
      205 S Center St, Thomaston, GA 30286
      View Details
    • $419,000
      11,482 SF

      Thomaston Commercial Property on US-19

      Two connected buildings with retail and warehouse space for sale.
      507 N Center St, Thomaston, GA 30286
      View Details
    • New
      $199,988
      1,740 SF

      Charming Historic Building in Thomaston

      Charming 1,740 sq ft building with excellent potential.
      754 S Church St, Thomaston, GA 30286
      View Details
    • $649,900
      3,644 SF

      Prime Commercial Opportunity in Thomaston

      Well-located commercial building with high visibility and expansion potential.
      1412 Highway 19 N, Thomaston, GA 30286
      View Details
    • Contact for pricing
      1,901 SF

      Thomaston, GA Retail Outparcel

      Prime 1,901 SF vacant building, high traffic.
      1059 Highway 19, Thomaston, GA 30286
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Thomaston, GA

      Retail space available in Walmart Supercenter shadow-anchored center.
      919-935 North Church St, Thomaston, GA 30286
      View Details
    • Contact for pricing
      34,000 SF

      Thomaston Retail Center - Highway 19

      Prime Retail Space Available in Thomaston, GA
      1021 Highway 19, Thomaston, GA 30286
      View Details
    • Contact for pricing
      12,000 SF

      Thomaston Retail Center - 12,000 SF

      Prime Thomaston retail space available. Multiple units, flexible sizes.
      855 Church St, Thomaston, GA 30286
      View Details
    • $5 SF/Yr
      150,200 SF

      Thomaston Warehouse with Rail Access

      150,200 SF warehouse with rail and ample parking.
      100 Mcintosh Pkwy, Thomaston, GA 30286
      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.
    109 Gordon St
    Thomaston, GA 30286-4168
    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.