Property profile

121 Midway Dr Cornelia, GA 30531

OFF-MARKET
Other commercial real estate
Property ID
US22-3589294
5,136 SF 0.8 ac lot Built 2017
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A multi-use, four-sided brick office building containing 4,992 square feet of commercial space. The property is located for convenient access to major highways and is near Habersham County Airport, within a surrounding commercial area. Its layout is flexible and can be configured for a range of business uses; it has historically been used as an operations and training facility and includes a reception area, offices, collaborative workspaces, a conference room, a training room, and a breakroom.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2017
Construction FRAME
Total area 5,136 SF
Lot 0.8 ac (34,848 SF)
Zoning code HI
APN 080 042F
UPID US22-3589294

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121 Midway Dr Cornelia, GA 30531-7147
Cornelia metro Census 502 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$670k
Blend (final) Blend
$670k

Owner & transaction history

since 2024
Last sale
$670,000
4 recorded transactions
2024
Price N/A
2019
$670,000
2018
Price N/A
2016
Price N/A

Zoning & alternative use

HI · Cornelia, GA
Zoning description

Section 42-56. HI, Heavy Industrial District. 42-56.1. Purpose and Intent. The HI, Heavy Industrial zoning district is established with the purpose of reserving certain areas with relatively level topography, adequate wa…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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