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

    121 Clarkesville Plz Clarkesville, GA 30523-6216

    • Strip malls
    • 3,480 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1156368
    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

    • Richard's Fitness and Massage / Personal Trainer

    Property Details for 121 Clarkesville Plz

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    3,480 SF
    Zone code
    HB
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    104 131F
    APU
    104131F

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $211,000
      Market price range: $106k - $405k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      Current use
      COMMERCIAL (GENERAL)
      $345,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $335,000
      Change: +57% Conversion: Difficult
      WAREHOUSE, STORAGE
      $230,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $225,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarkesville
    County
    Habersham
    State
    Georgia
    Longitude
    -83.5162
    Latitude
    34.6013
    CBSA code
    18460
    CBSA name
    CORNELIA, 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
    2024
    $3,187
    $16,308
    $106,484
    $122,792
    -
    $40,770
    $266,210
    $306,980

    Comparable in this City

    • Value Estimation
      $2,095,000
      6,795 SF

      210 Louise St

      SHOPPING CENTER, STRIP CENTER • 6,795 SF
      210 Louise St, Clarkesville, GA 30523-6030
      View Details
    • Value Estimation
      $970,000
      35,423 SF

      Louise St

      SHOPPING CENTER, STRIP CENTER • 35,423 SF
      Louise St, Clarkesville, GA 30523
      View Details
    • Value Estimation
      $2,095,000
      18,036 SF

      200 Louise St, Unit B

      SHOPPING CENTER, STRIP CENTER • 18,036 SF
      200 Louise St, Clarkesville, GA 30523-6030
      View Details
    • Value Estimation
      $2,095,000
      4,200 SF

      200 Louise St Sta, Unit A

      SHOPPING CENTER, STRIP CENTER • 4,200 SF
      200 Louise St Sta, Clarkesville, GA 30523-6030
      View Details
    • Value Estimation
      $235,000
      3,850 SF

      336 Monroe St

      SHOPPING CENTER, STRIP CENTER • 3,850 SF
      336 Monroe St, Clarkesville, GA 30523-5728
      View Details
    • Value Estimation
      $285,000
      2,400 SF

      959 Hollywood Church Rd

      VEHICLE SALES, RENTALS • 2,400 SF
      959 Hollywood Church Rd, Clarkesville, GA 30523
      View Details

    Similar Nearby for Sale

    • $825,000
      Pending

      Landmark Commercial Building For Sale

      Updated commercial building with drive-thru, outdoor space, and ample parking.
      855 Hl Xing Rd, Clarkesville, GA 30523
      View Details
    • New
      $649,900
      6,520 SF

      Versatile Commercial Building on 3.72 Acres

      6,500+ sq ft building suitable for retail, office, warehouse.
      4822 Highway 115, Clarkesville, GA 30523
      View Details
    • $450,000
      4,500 SF

      Downtown Clarkesville Commercial Building

      Versatile 4500 sq ft commercial building in historic downtown.
      1484 Washington St, Clarkesville, GA 30523
      View Details
    • $59,900
      Pending

      Residential Land in Clarkesville, GA

      0.77 acre lot with pond and wooded privacy.
      Orchard Dr, Clarkesville, GA 30523
      View Details
    • $75,000

      Lake Burton View Residential Land

      Residential land with mountain and lake views near LaPrade's Marina.
      Ivy Rdg Way, Clarkesville, GA 30523
      View Details
    • $59,000

      Residential Lot in Historic Clarkesville

      .38 acre building lot near downtown Clarkesville shopping and dining.
      253 La Count Ln, Clarkesville, GA 30523
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      6,520 SF

      Clarkesville Warehouse For Lease

      Warehouse available for lease in a busy location.
      4822 Highway 115, Clarkesville, GA 30523
      View Details
    • $7 SF/Yr
      4,800 SF

      Industrial Warehouse Space Available

      4,800 SF warehouse space for lease in Clarkesville, GA.
      390 Grandis Heights Cir, Clarkesville, GA 30523
      View Details
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    121 Clarkesville Plz
    Clarkesville, GA 30523-6216
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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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