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    121 Barnard St Glennville, GA 30427

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    121 Barnard St Glennville, GA 30427

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    • Retail space
    • 5,520 SF
    • 0.07 lot acres
    For Sale
    $220,000
    View Listing →
    Glennville Commercial Portfolio Opportunity For Sale
    $220,000

    Glennville Commercial Portfolio Opportunity

    Historic Theater & Storefronts - High Potential

    121 Barnard St, Glennville, GA 30427
    View Listing
    Property ID
    US22-2894648
    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

    • Strong Community Operating for Risk Reduction DUI / Defensive Driving DI / Training Center / Vocational School

    Property Details for 121 Barnard St

    Year built
    1934
    Lot size
    0.07 lot acres
    Property size
    5,520 SF
    Zone code
    2
    Property type
    Retail space
    APN
    G11 020
    APU
    G11020

    Description

    This exceptional commercial portfolio in Glennville, Georgia presents a unique investment opportunity. The offering includes five distinct properties totaling a significant footprint along Barnard Street and extending to Gross Street. The centerpiece is a historic building, formerly a beloved local movie theater, rich in character and brimming with redevelopment potential. Its versatile layout offers numerous possibilities for adaptive reuse. Adjacent to this iconic structure are several additional storefronts, including a former dry cleaner situated next to Gibson McDonald's, creating a cohesive commercial block. Further enhancing this portfolio is a substantial warehouse located on Gross Street, extending all the way to Veterans Boulevard. This expansive warehouse features two convenient main entrances, ideal for various business operations requiring ample space and accessibility. The combined properties offer a rare chance to acquire a substantial piece of Glennville's commercial landscape, with the potential for significant returns on investment. While the properties are available for sale collectively, individual offers will be considered. The total land area encompasses 0.06 acres. The asking price for the entire portfolio is $220,000. This is a remarkable opportunity to own a piece of Glennville's history and shape its future.

    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
    Glennville
    County
    Tattnall
    State
    Georgia
    Longitude
    -81.9267
    Latitude
    31.9356

    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
    0
    $0.00
    $4,320
    $4,240
    $8,560
    -
    $10,800
    $10,600
    $21,400

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      Glennville, GA 30427

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      Glennville, GA 30427
      View Details
    • Value Estimation by Request
      4,144 SF

      107 Barnard St

      RETAIL STORES (PERSONAL SERVICES) • 4,144 SF
      107 Barnard St, Glennville, GA 30427-1660
      View Details
    • Value Estimation by Request
      2,125 SF

      118 Barnard St

      RETAIL STORES (PERSONAL SERVICES) • 2,125 SF
      118 Barnard St, Glennville, GA 30427-2000
      View Details
    • Value Estimation by Request
      4,576 SF

      125 Barnard St

      RETAIL STORES (PERSONAL SERVICES) • 4,576 SF
      125 Barnard St, Glennville, GA 30427-1660
      View Details
    • Value Estimation by Request
      4,144 SF

      109 Barnard St

      RETAIL STORES (PERSONAL SERVICES) • 4,144 SF
      109 Barnard St, Glennville, GA 30427-1671
      View Details
    • Value Estimation by Request
      1,476 SF

      356 Ga Hwy 144

      RETAIL STORES (PERSONAL SERVICES) • 1,476 SF
      356 Ga Hwy 144, Glennville, GA 30427-3322
      View Details

    Similar Nearby for Sale

    • $125,000
      1,150 SF

      Versatile Commercial Building in Glennville

      Expansive building with office and storage space near Gibson McDonald's.
      W Barnard St, Glennville, GA 30427
      View Details
    • $120,000
      3,388 SF

      Downtown Glennville Storefronts For Sale

      Charming storefronts in downtown Glennville with endless potential.
      208 W Barnard St, Glennville, GA 30427
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    • $165,000
      0.16 Acres

      Glennville Retail Portfolio: Prime Location

      Five Storefronts, Warehouse, High Potential
      Veterans & W Barnard St, Glennville, GA 30427
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    • $240,000
      0.09 Acres

      Downtown Glennville Retail Duo

      Two charming storefronts, high potential.
      208 Barnard St, Glennville, GA 30427
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    • $44,000
      2.78 Acres

      Glennville, GA Wooded Lot

      Wooded 2.78-acre lot suitable for residential development near Glennville shopping.
      004 Gundy St, Glennville, GA 30427
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    • $31,300

      Land For Sale

      Land available in Glennville, GA.
      008 Barry Ln, Glennville, GA 30427
      View Details
    View Listing
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    Glennville, GA 30427
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    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
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