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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Retail space
12 Side Sq Ellijay, GA 30540-3332
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-3651915
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
13,432 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CBD
APN
10122 078A
UPID
US22-3651915
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
-
Precision Plumbing and Septic, LLC Plumbing Service General Contractor
-
Bonsabi (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Mountain Town Antiques Home Decor Store (Bike/Boat/Book/etc) Store
-
Rustic and Evergreen Home Decor Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$1.40M
Owner & transaction history
Mountain Town LLC · 4 yrs held
Mountain Town LLC
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
CBD · Ellijay, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+68.1%
Commercial (general)
$1.6M
+36.1%
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 Ellijay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellijay 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
$1,370,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,140,000
Current use
OFFICE BUILDING
$1,920,000
Change: +68% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,555,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Jun 15 2022)
Last sale anchor
$1.40M
Jun 15 2022
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
$104 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,505
Tax year 2023
Assessed value
$357,840
Assessed 2023
Previous assessed
$203,492
+75.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$106,160
Assessed improvement
$251,680
Land market value
$265,400
Improvement market value
$629,200
Total market value
$894,600
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Total area
13,432 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CBD
APN
10122 078A
UPID
US22-3651915
Jurisdiction
GILMER
Zoning & alternative use
CBD · Ellijay, GA
Zoning CBD · permitted uses
CBD · Ellijay, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellijay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mountain Town LLC
Entity
Mailing address
131 N MAIN ST, ELLIJAY, GA 30540-3343
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$1,400,000
Mountain Town LLC
Tommy Jo Mashburn
Warranty Deed
$1,068,000 · Community Bank Of Pickens County
Mar 30, 2022
—
Tommy Jo Mashburn
Amy Elizabeth Hellen
Warranty Deed
—
Sep 14, 2012
$272,377
Tommy Jo Mashburn
United Community Bank
Warranty Deed
$217,902 · United Community Bank
Jul 3, 2012
$335,000
United Community Bank
Springboard Investments Ll
Foreclosure
related
—
Mar 9, 2007
$535,000
Basil Capital LLC
Carolyn Pierce
Deed
$569,629 · Habersham Bank
Mar 9, 2007
$700,000
Springboard Investments LLC
Basil Capital LLC
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.
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